Take over the right to go on the monthly payment of an AppleCare+ Plan
Take over the monthly payment of an AppleCare+ in place of the previous owner if you purchase the covered product. In other words, acquire the ability to continue in the AppleCare contract .
The AppleCare contract with multi-year payment is transferable for the remaining period to the new owner of the AppleCare covered item. This is not possible in the case of monthly payment as clearly stated:
Transfer your AppleCare plan to a new owner
If you make monthly payments* for your AppleCare plan, the plan is linked to your Apple ID and can't be transferred to a new owner.
Will Apple allowe this ?
iPad, 16