Ifg my boyfriend and I recently purchased 2 cars and his is financed in my name and mine is financed his name, how can they be switched?
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Ifg my boyfriend and I recently purchased 2 cars and his is financed in my name and mine is financed his name, how can they be switched?
Asked on March 22, 2012 under Bankruptcy Law, Tennessee
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The only way you will be able to switch the financial terms with respect to the cars that you and your boyfriend have is to ask the lender to make the switch. Possibly there was a mistake made on the loans where ownership to the cars and the loans associated with them were mixed up.
The other option would be for you and your boyfriend to refinance the loans on the two vehicles to make sure that the loans and title go with the true owners.
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