Can a veichle with a lien on it be given as a donation to a family member?
Posted on December 13th, 2009 by admin
Can a family member transfer a auto loan over to anthoer family member with out the other person having to go take out a loan. I have bad credit and cant get a auto loan. my aunt bought me a vechicle but she had to fiance and put everything in her name.. how do i get everything into my name are at least get my name on the title are registration. I live in louisiana so I’m not sure if there can be two names on the title.. can anyone please give me some insight as to how i can fix this…The auto was just bought, and the loan is under her name. if she donates it to me then am i responseable for the loan as well?
because i cant get a lona due to my credit
Florence is half right, your aunt is on the hook for the payments. But, with regards to tickets, its either who is driving at the time (say you get pulled over) or whose name is on the registration (speeding ticket with camera). The car doesn’t have to registered to the person on the financing, I know thats how I get ford A plan. My dad’s "buys" it, but I make the payments to ford and they come in my name, but he is on the registration.
December 13th, 2009 at 10:19 pm
nope you dont own it if you owe money on it… you could pay for it to be tagged… but it will be hers til its payed for
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December 13th, 2009 at 10:48 pm
She is still responsible for it as long as it is in her name. To get it over to your name, you will have to have a credit check to see if you can pay for it. But I think you will be responsisble for it as long as you drive it, but legally your aunt is responsible until it is paid off. Anything that you do to that car, your aunt could get into trouble for it. If you run a redlight and the camera catches you and the car is still in her name, yep, she gets the ticket, not you and it will go against her licence if you don’t pay for it. You need to find out all the things before she just hands you the car over. She could be playing with fire here.
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December 13th, 2009 at 10:57 pm
Florence is half right, your aunt is on the hook for the payments. But, with regards to tickets, its either who is driving at the time (say you get pulled over) or whose name is on the registration (speeding ticket with camera). The car doesn’t have to registered to the person on the financing, I know thats how I get ford A plan. My dad’s "buys" it, but I make the payments to ford and they come in my name, but he is on the registration.
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