But it's actually mine. The coupon book is also in her name..but I make the payments for it. Can I have an automatic withdrawal from my personal checking account each month rather than use the coupon..and is it ok that the withdrawal will be in my name and not my relatives?
Finance is what I do for a living and this should not be a problem, have your relative contact the lender and see about sitting it up.
I should warn you though if the lender finds out that the trailer is not for the person that bought it, it will be considered a straw purchase. This is when one person finances something for someone else and is illegal.
So be careful and do not mention and make sure your relative doe's not mention that the trailer is for anyone except her.
Thats all up to the company if they do automatic withdrawls. I am sure they dont care who pays as long as somebody does. Just call them or e-mail them and tell them what you would like to do.