Can I get a car title switched to my name if its loan is in repayment?

  • Thread starter Thread starter warpedmfkm
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warpedmfkm

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My mom took out a car loan for me in her name earlier this year. I've since moved out, to a place in the suburbs (where car insurance is generally cheaper). My credit is actually pretty close to hers at this point. If I wanted to get my own car insurance at my new address, would I need to refinance the car loan in my own name, or could we simply switch the title and keep the loan in her name?
 
You cannot change the title until it is paid off because the finance company actually owns the vehicle. You could ask about refinancing it in your name.
 
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