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Step 1
Find a company that is willing to refinance your car loan. You can refinance with a loan through your bank, credit card company or car dealership.
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Step 2
Go to the loan agency that will be helping you to refinance your car. Make sure to ask right away whether or not a new applicant or co-signer can be added to the new loan. States vary in their restrictions for co-signers. Co-signers typically are required to live in the same state as the loan applicant and to be over the age of 18. Some states require that the co-signer be a family member.
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Step 3
Look for any hidden service fees. Some auto finance companies may include an additional fee for adding a new name to the loan.
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Step 4
Have the co-signer go with you to fill out the new-loan paperwork. If the co-signer is a spouse or parent, you can give the finance agent the pertinent information that is needed to run a credit check on the co-signer. (See References.) The co-signer will be mailed the paperwork to sign and return.
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Step 5
Complete all paper work to finalize your new loan. The new name will be added to the loan used to refinance your car. Keep in mind that you can also add or remove a co-signer from your past loan before it is paid off by the new loan.
