Insurance question and transferring car with lien on it?

[NightStrikergp]

I purchased a car 3 years ago except I was declined for financing so my grandfather signed and put it in his name. This worked fine as the arrangement was I pay the monthly to his account for the car but because the car is in his name the insurance is in his name and I'm of course only the principal driver.

In august I am moving out of his home to live on my own. My understanding is that the car can't change addresses because it is registered to him and the insurance is registered to him and his address. Regardless because its insured under my grandfather I have to pay $180/month in insurance (after a 20% discount for multi policy/vehicle) However if the car can be insured under me I pay $130. The issue is the car still has $11,000 owing on it.

The finance company won't approve me to take over the loan because it is my grandfather responsibility. My own bank won't approve me for a loan because I haven't been at my new job long enough. So I have no way to pay the lien off except continue paying the monthly payments.

Here's my questions

1) Can my grandfather transfer ownership of the car over to me through the Family used vehicle thing (Ontario) even if there is still a lien on the car? This way i can continue paying my grandfather but get the much lower insurance premium.

2) If not, is it allowed to keep the insurance and the car registered to my grandfather even though I live at a completely different address (same city) and still be principal driver? My understanding is I can't but maybe I'm wrong

Thank you for any advice in this situation

[yungstar]

1. You are allowed to transfer a lien to the new buyer (as long as the buyer approves of course) so that should not be a problem in this particular case.

As per the MTO:
"If... You want to transfer the lien to the buyer
Then... Contact the Ministry of Government Services:
Toll Free: 1-800-268-1142
Toronto: 416-326-8555 "

2. Technically this is possible as they don't need to know where the car is at all times. Should you get into an accident you could just say you borrowed it that particular day from your Gramps (he'll have to make the claim though.)
I actually had my summer car registered/insured under my GF who lived in Waterloo (much lower/better rate) though I lived in the GTA and had the car primarily.

But you won't have to worry about #2 if you do #1 anyway.

[COSMIC5]

if this is a personal loan by your grandfather, how does the insurance company know? I doubt he is listed on the policy as the leinholder..... yes, you can still be the principle operator all your grandfather has to do is advise his insurer where the vehicle will be garaged which means the rates will be charged for that territory for which the vehicle is garaged.

He can always transfer over ownership to you solely and you continue to pay him as you have been doing and you purchase your own policy for it.