Can I transfer my loan to another person?

No, you cannot transfer your loan to another person. Once a loan is approved and the necessary paperwork is completed, the loan agreement is binding between the borrower and Credit Acceptance Corporation. Transferring the loan to another person would require extensive legal procedures and evaluation of the new borrower's creditworthiness. Additionally, the terms and conditions agreed upon at the time of approval may not be suitable or applicable to another person. It is advisable to carefully consider all aspects before applying for a loan and ensure that it aligns with your financial situation and needs, as it cannot be transferred to someone else.