It’s great you guys have ways to save on car ownership.
Your wife will need to refinance
the loan under her name. Refinancing is the only way to change the terms of your car loan
and the people it includes. This also means that the interest rate (APR) and length of the loan will change.
It’s a good idea to shop around for the best APR. If you guys want help looking for good deals, try the Jerry
app. Jerry makes refinancing your car easy by comparing quotes from multiple lenders to find a rate that works best for you. On average, car owners pay $85 less every month by refinancing their auto loan.
I hope that this car loan transfer to your wife allows your family to pay it off faster and easier!