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Auto loans and titles

tag
Anonymous
Not applicable

Auto loans and titles

I applied and got approved for several auto loans. I will be responsible for the loan, but I want to add another person to the title of the car. Is that allowed? would the loan companies approve this?

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Anonymous
Not applicable

Re: Auto loans and titles

I don't think that has anything to do with the actual loan but don't quote me on that.  I think that after you buy the car, you can add a name to the title via the DMV? 

Message 2 of 3
pizzadude
Credit Mentor

Re: Auto loans and titles

 

This is a good question ~ It probably varies as to if the lienholder would allow.    Typically your creditor holds the title until the loan is paid in full.

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
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