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Can you trade in a car that isn't fully paid off?
Yes, you just add the payoff amount of the car you are trading to the price of the car you are buying.
Does a car that's not registered have to have insurance in Virginia?
No. It cannot be driven on a public road. However, IF there is a loan on the car, the LENDER can require that it be insured until the loan is paid off.
When financing a car, do you ultimately own it?
When financing a car, you do not ultimately own it until you have fully paid off the loan. The lender holds the title until the loan is paid in full.
If you finance a car, do you ultimately own it?
When you finance a car, you do not ultimately own it until you have fully paid off the loan. The lender holds the title until the loan is paid in full.
Is cosigner on the vehicular title and registration?
Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.Only if the co-signer insists on that arrangement. However, the cosigner should be fully informed of their vulnerability when they take on such a responsibility. They will be fully responsible for paying off the loan if the primary borrower defaults, fully responsible for making certain the car is fully insured and they will be legally vulnerable should there be an accident resulting in damages.
What does Fully amortised mean?
The loan is fully paid off at the end of its set turn
What can you do if someone misses their car payment for the car you cosign for?
You must make that payment immediately or the default will be reported on your credit record. You are fully responsible for paying the loan if the primary borrower defaults. You should also make certain the car is fully insured in case of an accident. If the car is wrecked and uninsured you will be required to pay off the loan.All sorts of bad things usually happen when you co-sign for a person with bad credit.You must make that payment immediately or the default will be reported on your credit record. You are fully responsible for paying the loan if the primary borrower defaults. You should also make certain the car is fully insured in case of an accident. If the car is wrecked and uninsured you will be required to pay off the loan.All sorts of bad things usually happen when you co-sign for a person with bad credit.You must make that payment immediately or the default will be reported on your credit record. You are fully responsible for paying the loan if the primary borrower defaults. You should also make certain the car is fully insured in case of an accident. If the car is wrecked and uninsured you will be required to pay off the loan.All sorts of bad things usually happen when you co-sign for a person with bad credit.You must make that payment immediately or the default will be reported on your credit record. You are fully responsible for paying the loan if the primary borrower defaults. You should also make certain the car is fully insured in case of an accident. If the car is wrecked and uninsured you will be required to pay off the loan.All sorts of bad things usually happen when you co-sign for a person with bad credit.
Can you trade in a car that's not paid off and not co sign for another car?
If you trade-in a car that Not paid off, you will be trouble with the law.
Can a buy here pay here car lot sue you over a totaled vehicle you were paying on?
Hopefully, it was insured in a way that paid off the car loan. If not, yes, you have to continue paying for the car until it is paid for. Otherwise, the company can obtain a judgment against you for the remainder. Judgments do not go away with bankruptcy. You probably need legal advice.
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.
Can a towing company put a lien on an automobile even when the loan on the car hasn't yet been fully paid off and the bank still holds the title?
Yes.
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
