Dear Tom and Ray:

Being 82 years old, I have decided that I no longer want to drive. I would like to turn my car over to my daughter. I recently moved here from New York City, and I make the payments to Citibank. How can I change the payments for my car over to my daughter? Odell

Tom: Unfortunately, Odell, Citibank won't let someone else "take over" the payments on an auto loan. But there are other ways of giving the car to your daughter and ridding yourself of the loan payments.

Ray: One is to break into Citibank some holiday weekend and get the title. But that might be a little much for you at 82.

Tom: So we'd suggest you simply "sell" the car to your daughter for the amount left on your loan. She'd have to take out a new loan for that amount. If she's not in a financial position to get the loan herself, you can always be a co-signer.

Changing your oil is the cheapest insurance you can buy for your car, but how often should you change it? Find out by ordering Tom and Ray's pamphlet Ten Ways You May Be Ruining Your Car Without Even Knowing It! To order, send (check or money order) to Ruin, P.O. Box 536475, Orlando, FL 32853-6475. You can also order online.

© 1993 by Tom and Ray Magliozzi and Doug Berman Distributed by King Features Syndicate, Inc.

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