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Posted in Auto Loans
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Question By
oneupski

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want son to refinance car in his name
im thinking of buying a new house and want to get preapproval but I have 2 car that my children drive and pay for but are in my name whats the best way for them to refinance the car into their name

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The best way is to get your kid(s) to refinance their loans in their names. They can put the title up for collateral when they do it.

Top Contributor
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They will need to apply for a loan that will be enough to pay off the current loan amount. Local banks or credit unions may be a place for them to check. A new loan is needed here, not a refinance.

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