How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?

I co-signed for a vehicle for my son but now he wants to reduce his monthly expenses. I want to take over the payments and get him off the loan so he can go buy a cheaper car and be able to qualify for the financing. Is it possible to somehow get him off the loan without having to go through the bank and refinance? We live in CA and it is financed through Wells Fargo.

How can I assume full financial responsibility for an car loan I co-signed for without refinancing the loan?
Simple answer is NO you can not assume full responsibility without refinancing.





Also, a good site is...





http://www.surveyland.org/jump.php?link=...





Take care.
Reply:No, you only have 4 choices:





1) Refinance the loan


2) He sells the car to someone


3) He sells the car to you (since you were never the owner, this is perfectly legal)


4) Get the car repoed and trash both your credit and his.





Can I make a suggestion:


Get a car so cheap he can pay cash for it.
Reply:Nope. The only way to do it is to refinance or pay of the loan.
Reply:HELLO


WHY NOT STOP ASKING OF A COMPANY, WERE LOAN IS GIVING,AND SAY I KNOW OF A COMPANY WERE LOAN IS BEEN GIVING BOTH SECURE AND UN_SECURE LOAN.





BECAUSE I SAW EVERYBODY ASKING OF A LOAN COMPANY, WHEN I KNOW OF A GOOD REGISTERED COMPANY WHO WE OFFER YOU LOAN IN 3 TO 4 DAYS.





WHY NOT VISIT HER VIA HER COMPANY ADDRESS youngfirms@gmail.com





SHE CAN HELP AND TELL HER THAT,I TOLD YOU.
Reply:the only way to get him off is to refi the loan i live in cali and my husband and i are in the same situation where we're tryin to buy a house he has a car under his name and i have 1 under mine but he co-signed for a friend and his sister so technically when they see our debt to income ratio they see 4 cars the only way to do it is to refi we've already talked to i dont even know how many banks about it

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