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Old 04-27-2008, 10:37 AM   #1 (permalink)
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What is the proper way for having someone take over payments?

This probably should be in Off Topic, forgive me, but I felt more comfotable getting answers from fellow camry owners

Heres my situation:

Im in the process of trying to get a new car. Unfortunately, the predicament I am in is I have the camry right now, that I took over payments for my mom originally because she got into some financial issues, but im at a point where I need to look for my own vehicle if I am making payments, and its not helping out my credit.

I cant just give back the vehicle to my mom, even though its under her name, it is too much of a burden on her at this time. So I want to look into having someone else take over payments like I am doing, but having them put it under their name by refinancing. Is this possible? I want to be able to clear my mom completely from the car and not put her at risk in the future.

Any advice would help, im looking to get my new car in about a months time and need to get the camry off my hands quick, is it possible to advertise "take over payments" on auto trader or sites like that? Thanks for your help
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Old 04-27-2008, 11:20 AM   #2 (permalink)
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Not sure if I missed it or not, but is the car on lease or are you financing it?

If it's a lease, check this out: http://www.swapalease.com/
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Old 04-27-2008, 12:40 PM   #3 (permalink)
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take over payments

The buyer has to qualify with the company holding your moms financing. Or the buyer goes out and gets his own financing and have the buyers finance company make out the check to your finance holder , so they will release there lienholdership of the car on the pink slip.

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Old 04-27-2008, 03:53 PM   #4 (permalink)
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i dont see it on autotrader but in local classified people have take over my payments ads all the time..
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