Can I refinance my car loan in someone else's name?

No, you cannot refinance a car loan into someone else's name. The person whose name is on the loan is the legal borrower responsible for repayment, and refinancing means replacing that loan with a new one. The new lender will require the current borrower to apply and qualify, then the new loan goes into that same person's name. You cannot transfer a car loan to another person's name without that person being the one to refinance it themselves. What you might be thinking of is having someone else co-sign or become a co-borrower on a refinance. If your current loan is in your name and you want to refinance, a lender may allow a co-signer to help you qualify for better terms or a lower rate. However, the loan would still be in your name as the primary borrower, with the co-signer also legally responsible. The car's title would remain in the same owner's name—refinancing doesn't change vehicle ownership. If you're trying to remove yourself from a loan or put it entirely in someone else's name, that's not a refinance—that's a transfer, which most lenders don't allow without paying off the original loan first. The new person would need to take out a separate loan to pay off your loan and buy the car from you. If you're looking to refinance your current car loan to lower your payment or rate, Elite Edge can shop multiple lenders for you. Call or text (954) 907-2386 on WhatsApp, or use the 60-second Pre-Qualify at eliteedgeautobroker.com/PreQualify to see what options exist for your situation.

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