In order to remove your name from the financing agreement, you must refinance the car. Contact the lender to make arrangements to remove your name from the loan and the title of the car. You will be responsible for the loan until it is refinanced in his name.
〉 Answered on May 13th, 2008 by Jenny Trostel, Partner at Anderson of Hunt Valley
The only way for you to get your name off of the loan is to have him refinance the loan in his own name. You remain liable for the loan as long as the original loan is in force. Even if the court states he is liable for the payment, if he would default you would be liable for the repayment.
〉 Answered on May 13th, 2008 by Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company (Retired)