Name Change of Ownership and Loan

[PBL]

What is the name of your state? Louisiana


I need to know how to change the name on an auto loan without having to refinance. The auto was purchased in a friends name and I co-signed, but I have been making the payments. The buyer does not want their name on title/loan anymore. Trying to find some kind of way to reverse the name to co-signers name. Is this possible or not. I thought that it could be done through the finance company by changing the account information, but they are saying no. The owner does not want the responsiblity anymore. I tried to refinance to change name and now I need a co-signer. Can an attorney do a name change without refinancing? All payments are current and up to date.

Any advice would be greatly appreciated!
Thank You

 

[teflon_jones]

There is no way to change this without paying off the loan in its entirety or else by refinancing it just in your name (which creates a brand new loan and closes the old one).