PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can you transfer a car loan to someone else?
Can you transfer your car loan to another person? I work two jobs and do my best to budget my money every month. Somehow, I am still struggling to pay my car payment every month. My aunt offered to take over my car loan, so it’d be one less bill for me.
Phoebe Mah · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Working two jobs and managing your bills is not an easy task, so it is understandable why you would like to transfer your car loan. To help make your payments, your aunt could give you the money to pay for your loan until you can make the payments yourself again.
If your aunt would like to take ownership of your car, you would need to sell her the vehicle and
transfer the car title
. Since you don’t have complete ownership of your vehicle, you’ll need to talk to your lender first. If they allow transfers, your aunt will need to qualify and apply for a new loan with your lender. Should this not be possible, she can also try to
refinance
your existing loan under her name.Another option is refinancing your loan yourself, as it’s a great way to lower your car payments. On average, car owners pay $85 less every month by refinancing their auto loans. Since finding the right lender can be stressful and time-consuming, consider using the
Jerry
app to compare top lenders. View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies