How do you transfer a car loan to someone else after a divorce?

You typically cannot simply transfer a car loan from one person to another without the lender's approval, and most lenders won't allow it. The loan is tied to the vehicle and the borrower's creditworthiness, so transferring it usually requires the new owner to refinance the car in their own name. During divorce proceedings, the court usually awards the vehicle to one spouse, but that doesn't automatically remove the other spouse from the loan obligation. If both names are on the loan, both are legally responsible to the lender regardless of what the divorce decree says. The cleanest approach is for the spouse keeping the car to refinance it in their name alone. This removes the other spouse from liability and gives the lender confidence in the new borrower's ability to pay. The spouse keeping the car will need decent credit, stable income, and enough equity or income to qualify on their own. If the keeping spouse has weaker credit or income, adding a cosigner (not the ex) can help. Alternatively, one spouse can buy out the other's interest and then refinance, or the car can be sold and the loan paid off from proceeds. If you're in South Florida and the divorce settlement requires you to take over a car loan—or you're trying to remove yourself from one—Elite Edge can help explore refinancing options. Call or text (954) 907-2386 or use the 60-second Pre-Qualify at eliteedgeautobroker.com/PreQualify to see what lenders might offer given your current situation.

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