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Do you have to pay off the car loan if you total the car?
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
How can one get out of a very bad credit car loan?
The best way to get out of a very bad credit car loan is to pay it off or let the company take back the loaned car if applicable. If someone is having hard time of paying off his or her car debt he or she must ask the help of some consolidating expert.
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
Can Coca-Cola take paint off a car?
No, it will not take paint off a car.
When you pay off a car loan should the lien holder send you CAR KEY?
The lein holder does not have the key to your car. They will have a title that you will be sent.
Can a co-signer take there name off of a car contract?
Only if the loan has been paid off.
Can a co-signer of a car transfer all debt to the main signer of a car?
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
Can a co signer take over ownership of car loan and get insurance?
A co signer is for the loan, they do not have any ownership in the car unless they are on the front of the title. If they just co signed for the loan, that lmeans they will pay for it if the owner does not. Even if they paid the entire loan, they still would not own the car. To transfer the car, they would have to either pay the loan off or get a loan in their name and you sell the car to them.
Does a co-signer have to have permission from the Primary Account Holder to be taken off of a car loan?
A co-signer of a car loan needs the permission of the lender to be taken off the loan. That is not likely to happen since the lender wants as many sources as possible for repayment of the loan. Each co-signer is responsible for 100% of the loan. If one doesn't pay the other will be held responsible.
How do you get a co signer off your loan if you have bad credit?
In the US, the only way to get a co-signer off your student loan is to pay off the loan perhaps by consolidating the loan.
Can a co signer refuse to return a car?
All a co-signer is someone who agrees to pay off the debt if the loan goes into default
If im making payments on your carand you have a co-signer when you pay the car off can the co-signer take the car?
No. A cosigner is basically a "lender of money." The cosigner is actually taking out the loan and is responsible for paying that debt off should the person the loan is for defaults. If you haven't missed any payments (more than two) and have paid the debt off then the car is yours to do as you want with it. Marcy
How do you remove your name from a joint auto loan?
The car loan will have to be paid off in order to remove your name. The other signer will have to get a new loan in her/his name only.
Is a cosigner responsible for a car loan if the main borrower dies?
Yes. The co-signer should negotiate a resolution as soon as possible. If the debt goes into default the co-signer's credit will be ruined. The co-signer should try to get the lender to take back the vehicle and negotiate the amount it will take to write off the debt. On the other hand, the co-signer could try to get title from the decedent's estate and then pay off the loan.
I bought a car but i used my brother's name now my brother wants to remove his name but the car is not paid off yet?
If the brother was the signer or co-signer of the loan, he is on the hook for the full amount of the loan until the car is fully paid for. If you default on the loan it goes against his credit rating. If the brother did not sign the loan, but his name was used, that is identity theft and forgery and may seem petty ... but is a serious felony. If the brother wants his name off the loan, he could force you to sell the car. Or you could find the money to pay off the car in full. There is almost no way the finance company will ever let a co-signer off of a loan.
Can you refiance a loan and it take off the co-signer?
You should be able to depending on your credit score.
If a car loan has been refinanced does the co-signer have to sign to get their name off the title?
In the state of California, Yes.
