<prompt> Human: Hi, I 27F am married to my wife 25F. We are looking at divorcing. Cars are the only asset we have of value. Both cars are in my name because my credit was able to get better car loans as the sole signature. My wife has been paying her car note, and insurance. Is there a way I can transfer the loan to her name during this divorce?  <response>: You should have a divorce lawyer for this process.The car loan cant be transferred over to her, because the loan was made based on your income and your credit, which would no longer apply once she takes over the loan. However, you can refinance the loan into her name, at which point she may get her own loan terms. The bank can of course say no, at which point the car continues to be your legal responsibility.Im not quite sure about the taxgift implications for transferring the car to her as an asset. Transferring the car and transferring the loan are slightly different from each other. 