Hi there reddit,
2 years ago, while I was in Grad school my Dad bought me a new car with the agreement that I'll take over the payments when I graduate. Now, I am finished with grad school and gainfully employed but having trouble moving the car from my Dad's name to mine. There's about 17k left on the loan and my dad can't just keep it in his name for reasons too difficult to explain. I have a pretty high income and my credit score is 750 so I thought this would be easier. I've applied for a loan on MyAutoLoan (16k - 36 month) but they didn't approve me for anything. I also applied at the local credit union and I am still waiting to hear back from them. Any advice how I can get a loan to pay off my Dad's current loan and switch to the title to my name? My dad's loan is 3.25% APR so I really don't want to go much higher than that if possible.
Maybe I should just trade in and buy a new car while the new-car interest rates are so low...
As always, thanks!
Submitted May 10, 2020 at 09:44PM by caseylul https://ift.tt/3bl9LS7
