The Background: five years ago I needed to buy a car. Being just out of college and having not handled my finances well, I had spotty credit [not terrible, just spotty], but my sister had impeccable credit. She agreed to purchase my car for me, while I made all the payments (and I mean every cent, including the down). In exchange, rather than get shafted with the 8-10% loans I was being offered, I got 1.9%, not a small difference considering the size of the loan. I realized that I would not reap any benefits on my credit history, but I was working to clean that up anyway (and it has been spotless since) and have no regrets. The present: you guessed it, 60 months are about to pass and on March 1 I will make my final payment. From what I understand, the loan company will send the pink slip once payment is made, and it will of course be under my sister’s name. Now my question: Is there an easy, painless way to transfer ownership from her to me? I’ve never done anything like this before, and I don’t know if it’s as easy as just walking into a DMV and filling out a form. But just in case what we’ve done isn’t kosher [though I can’t believe it was against the law], are there any hoops that I should jump through before pursuing this? Will there be any ramifications [legal or tax-wise] that people are aware of and would caution me? Any help will be greatly appreciated!