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Risky business, I wouldn't do it.
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∙ 14y ago
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Can a person that still is paying the bank for a car sell the car to an private individual?
No, because a person who is still paying on a car does not have the title. They would have to pay off the bank to obtain a clear title either first or as a part of the transaction (this is essentially what happens when you trade-in a car you still owe on at a dealership... you sign contracts agreeing to transfer your interest in the vehicle, the dealership gives part of the money to you (possibly in virtual form, meaning they instead reduce the price of the car you're buying by that amount) and pays off the bank with the rest).
If papers are signed on a NEW car but no money has yet changed hands can you still get out of buying the car?
depends on the person
How do you find out if the owner still owe a finance company on the car you are buying?
how do you find out if the owner still owe a finance company on the car you are buying?
How can my mom insure a car still in my name?
i am giving my parents a car i am still paying for the car can they get insurance without me
What should you do when the lien holder sent you a clear title and you still owe on the vehicle?
Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.
Does buying a car and paying it in cash fully increase credit score?
No, credit is about responsibility over time. Paying cash doesn't help.
How cheap does car insurance have to be in the UK to qualify as cheap?
For cheap car insurance to qualify as "cheap" in the UK depends on what the definition of cheap means to the person buying or paying for the car insurance. The price may also vary because of the make and model of the car or if it's from another country.
Can you sell a car in one state when it is still registered in another and you have a loan you are still paying off?
No, you can not sell a car that doesn't belong to you and that you don't have a title to. If you are still paying for a car, the leinholder will have the title. The car won't be yours until you pay for the car in full and the leinholder signs off on the title and gives it to you.
Which is cheaper buying a car with cash or buying with a loan?
Loans are going to have interests rates, therefore you will pay the same amount for the car either way but with a loan you will end up paying the bank as well.
If you pay finance on a car but the car is not in your name who has the rights to the car?
The person who the car is registered with. You are paying for a car you don't own.
How do you have a person completely take over a car loan payment?
sign the title over to the person buying the car
How do you buy a new car when you still owe on one?
Don't do it. Buying a new car when you still owe on a current vehicle it very foolish. Pay the one you have off before even considering buying another car.
