This is usually a situation where someone owes money on their car, but cannot make the payments or they want to get a different car. They will offer the car up to you in exchange for you taking over...
It is best to have the person buy the vehicle off you straight out. Then in turn, with the money you receive from him/her you pay the remainder of the loan. It gets too complicated for someone to...
Yes, but typically the loan "originator" remains responsible unless the actual loan is transfered to the new purchaser.
Letting someone "take over payments" on your loan is a very bad idea. If there...