Can the wife's name be added to a car loan that the husband originally made in his name only?

Answer

Yes! You will have go and add your name to the new paper work and title.

The loan will have to be refinanced if the couple do not reside in a community property state.

Adding to the loan will not make the spouse a coowner unless they live in a community property state but it will make them a co-borrower and equally obligated for the debt in any state.

A person does not need to be on the title to be on the loan and vice-versa. Although it is prudent to be placed on the title as that is what determines ownership, not the financial agreement.

Improve Answer Discuss the question "Can the wife's name be added to a car loan that the husband originally made in his name only?" Watch Question

First answer by HUDd1950. Last edit by Macky. Contributor trust: 3083 [recommend contributor]. Question popularity: 7 [recommend question]

Research your answer:

Answers.com > Wiki Answers > Categories > Cars and Vehicles > Car Buying > Can the wife's name be added to a car loan that the husband originally made in his name only?

Our contributors said this page should be displayed for the questions below. (Where do these come from)
If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.
How can you have someone added to a car loan?  Your husband bought a car in his name Can you add your name to the loan?