Can someone take over a harley loan?

Lue Williamson asked a question: Can someone take over a harley loan?
Asked By: Lue Williamson
Date created: Sat, Apr 10, 2021 1:19 AM
Categories: Credit score, Bad credit

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Top best answers to the question «Can someone take over a harley loan»

If you do not have a good enough credit score to finance a motorcycle through a bank, it is still possible to purchase a motorcycle through monthly payments by taking over the payments on a motorcycle that someone else has already financed… Draw up a legal contract that states the terms of the payment agreement.

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Those who are looking for an answer to the question «Can someone take over a harley loan?» often ask the following questions:

✔️ Can someone take over my loan?

In most cases you cannot transfer a personal loan to another person. If your loan has a cosigner or guarantor, that person becomes responsible for the debt if you default on the loan… Car loans and mortgages can be transferred to another person under certain circumstances.

Question from categories: mortgage car loan

✔️ Can someone take over your loan?

Some Loans Are Assumable; Many Aren't Because of a Due-On-Sale Clause. If the paperwork states that the loan is assumable, then you can transfer the property and loan to a new owner. If the loan contract is silent on this matter, though, in most states, the loan is considered assumable.

Question from categories: car loan home loan payday loans

✔️ Have someone take over car loan?

“When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments. This leads to the initiation of a new loan at the new owner's credit level.”

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Your Answer

We've handpicked 24 related questions for you, similar to «Can someone take over a harley loan?» so you can surely find the answer!

Can someone take over my va loan?

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Veterans with VA mortgages can have their VA home loan assumed by someone else, also called a VA loan assumption. If your plans, goals, or needs changed and you need to get out of a VA loan one option is to sell your home but an alternative option is an assumable mortgage, a buyer takes over the loan.

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Can someone take over my vehicle loan?

“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone take over your auto loan?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone take over your car loan?

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Allow someone else to take over payments.

If your lender allows, you may be able to transfer your loan to another individual who will take ownership of the vehicle and assume the loan payments. In most cases, the new owner will have to meet the lender's requirements to qualify for the loan.

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How to take over someone car loan?

Taking over an existing loan is easiest if your credit is as good as the existing debtor. The person listed on the loan will have to contact the lender and ask for the modification. You will then submit your application to be approved for the loan take over. Terms may change with the modification.

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Can someone else take over a car loan?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone else take over my car loan?

Let's be clear: It's not possible for someone to “take over” your auto loan. Yes, you could go rogue, use someone else's money to make payments and allow that person to drive your car. But you open yourself up to potential liability, particularly if the other driver isn't an authorized one on your insurance policy.

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Can someone else take over student loan payments?

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Yes, you can — just not via the Department of Education. To transfer student loans, you'll need to find someone willing to refinance with a private lender under their own name. Here's what you need to know about transferring student loans to someone else. 1.

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Can someone else take over your car loan?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone legally take over your car loan?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone take over a car loan canada?

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Auto Loans

If you want to transfer your car loan to someone else, you have a couple of options to choose from. One way to transfer the loan is to switch lenders who will then extend the credit needed to pay off the rest of the loan balance and a completely new loan would be issued to the other individual.

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Can someone take over my auto loan payments?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone take over your car loan payments?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can someone take over your car payment loan?

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“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can you take over someone else car loan?

“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can you take over someone elses car loan?

“In most cases, car loans are not assumable,” Edmunds.com Senior Consumer Advice Editor Philip Reed told Credit.com. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

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Can you take over someone else's home loan?

You can legally take over a mortgage by assuming the original loan, provided you meet the bank's requirements. An "assumable" loan is secured by a mortgage that contains no "due on sale" provision… Even though you are taking over the loan, the lender may require a down payment.

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How can someone take over my car loan?

“When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments. This leads to the initiation of a new loan at the new owner's credit level.”

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How can someone take over your car loan?

“In most cases, car loans are not assumable,” says Edmunds.com Senior Consumer Advice Editor Philip Reed. “When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments.

Read more

How does someone take over a car loan?

“When the registration and title are transferred to a new owner, the lender needs to be notified. The lender will then step in and require a credit check to make sure the new owner can make the payments. This leads to the initiation of a new loan at the new owner's credit level.”

Read more

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