@fltn wrote:My husband and I have a joint car loan. We want to refi it to only his name. Is this possible? If so how would this be done, changing the title to his name only or would that need to be done?
We basicly do not want an open car loan on my report right now, so I can get a car for myself.
We can afford 2 payments, but just don't want 2 open car loans on my report.
I would think It shouldn't be too hard. Your husband would apply to refinance the car. Upon approval, the new finance company would pay off the current loan severing the ties with the old finance company, and the new company would put the name on just your husband's name, provided that his profile can support the loan on his own.
I could be missing something, but I am relatively certain this can be done
