tjanene212
New member
My mom is hoping to purchase a vehicle from her friend. Her friend has the car financed, and still owes a certain amount - and is willing to turn it over to my mom, or have her continue payments. She would just let my mom pay her the monthly payments, but the problem is, my mom cant get insurance unless the car is registered in her name. How can you purchase a vehicle from someone that has financing already? Is it considered a private party auto loan? Does my mom need to go to a financial institute and get pre-approved for the loan amount owed by the friend? Thanks for your help!