The purchaser signed the agreement and took on the obligation to pay the debt, not the car. The purchaser is responsible for the terms of the agreement.
The loan must be paid off and refinanced in the primary borrower's name.
The majority of the major car manufacturers have a car payment estimator on their web sites. Most banking institutions may have this function as well. The payment is just an estimator.
If you are looking for a car loan payment calculator, many different websites offer them. They can be found on websites such as auto123 and bankrate, free of charge.
Any bank can set up a loan for a used car. If you go in and speak with an agent they can direct you in the right direction in finding out the best rates and options that are available.
You can find the best online car payment estimator here www.edmunds.com.
There are some websites offering the car payment estimator. You can find an accurate payment estimator at autos.com and other online automotive stores that sell spare parts of auto.
If the vehicle is/was encumbered by the original loan then it should be insured. If there is no insurance or the insurance does not cover theft the purchaser is still responsible for the full amount of the loan. The issue of the vehicle being stolen does not affect the legal responsibility of the buyer to honor the loan contract.
You have no rights to recover the car. Once it has been repossessed the lien holder has every right to sale the car any way they wish to settle the loan.
Yes, you just have to remember that you will need sufficient credit to take on a second loan. Even though you are technically not the purchaser, you are still on that lease as responsible for that car in the event your buddy fails to pay. Your second loan/lease will definitely take this into consideration, along with your credit history and score.
The amount needed to pay off the loan will be withheld from the proceeds at the closing. The purchaser's attorney will make certain the mortgage is paid off.The amount needed to pay off the loan will be withheld from the proceeds at the closing. The purchaser's attorney will make certain the mortgage is paid off.The amount needed to pay off the loan will be withheld from the proceeds at the closing. The purchaser's attorney will make certain the mortgage is paid off.The amount needed to pay off the loan will be withheld from the proceeds at the closing. The purchaser's attorney will make certain the mortgage is paid off.
The purchaser.