How can I take over an Auto Finance Agreement?

[hasitha77]

Hello everyone, 

Lets say I want to transfer an existing auto finance to my name and will that be a new contract from the bank/finance company or just same contract and I simply continue the remaining installments then vehicle be under my name. 
Is it possible the bank/leasing company deny the transfer request without doing a new agreement? 
Anyone gone through such a procedure before? (I cant pay the full amount and take over the vehicle since my friend had paid only 15 installments. I just want to pay the remaining installments under my name)

And also I heard about the requirement of first class insurance by the bank to transfer a ownership, since car which am willing to buy from my friend is already having first class insurance which is just 3 months old. So is that possible to use the existing insurance (Roojai) instead of buying expensive first class insurance from bank? 

Please guide me through this. 

[Kwasaki]

Go to to finance company with the owner and sort it. 

[kensisaket]

Thai financial lenders have an age limit for lenders. if you are over 60 you may have a problem.