Luis Mellon: He can, but you will have to pay to re-register the car under your name and his name,since he is financially responsible for the loan. It is not worth the trouble unless you are having problems with your dad. Since the loan is under his name, keep the car under his name, he cannot transfer the loan to you. You will have to refinance the car to get his name off the loan....Show more
Darwin Ecton: your dad is on the hook for every dime of that loan. He made you responsible. The bank made him responsible for all of it. So please dont mess it up. You may need a home someday pay off the principal faster like make a double payment one month then make the normal scheduled paymeny always. as fast as you can you can save some money on the interest. If you are insured throgh your dad good you are getting a lo t better rate than you would on your own.
Shan Lanen: 1
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