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You will still owe the money back with agreed upon interest. There may be some legal issues if you used the car for collateral and you do not own the car.
return the money with the interest. the longer you save the loan, the more interest you have to pay!
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∙ 12y ago
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Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
Can you buy rims with a auto loan?
No the car is security for the loan.
What is a sentence with Loan?
I took a loan from my bank to buy my first car.
Can you buy a car without having to pay a loan?
no
If you get youre car get repossed can you buy a new car?
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
What is a pre-approved car loan?
A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.
If you buy a car and the car has oustanding loan from the previous owner?
Never, ever buy a car with an outstanding loan. In fact you cannot transfer the title with a lien on it. Walk away from this deal. It is nothing but trouble.
To study the wage of raising a loan of a car or a house?
check your monthly to buy a car
What is your car loan interest rate How much did you buy your car for and how much is your payment?
10455.00
Which of these allows someone to buy a car that costs more than he or she can afford?
CAR Loan
Which is an example of a person using credit in order to obtain something?
Adam goes to a car dealer and gets a loan to buy a new car. ( STUDY ISLAND)
You loan your sister cash to buy a car can you reposs the car if loan not paid?
If it was straight cash no. If you have signed and notarized doucuments than yes you can legally repo the car.
