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Picus · 11-25-08, 10:34

I'd let her deal with it at this point. I'm not surprised they are unwilling to transfer the loan. Most lenders just won't do it; especially when they're transferring to someone with a lower credit score. I'd just treat it like she was buying the car from you for the amount of the loan. If she can get one (at whatever rate/term) then it's all good, but if not, tough.

Why would you have to help her get a new one? Just goodwill?

11-25-08, 10:34	#7 (permalink)
Picus Registered User Picus is offline Join Date: Aug 2005 Location: Toronto, ON Posts: 3,596 Contact:	Re: Refinancing a loan into spouse's name. I'd let her deal with it at this point. I'm not surprised they are unwilling to transfer the loan. Most lenders just won't do it; especially when they're transferring to someone with a lower credit score. I'd just treat it like she was buying the car from you for the amount of the loan. If she can get one (at whatever rate/term) then it's all good, but if not, tough. Why would you have to help her get a new one? Just goodwill? __________________ GTA In Detail