What would you like to do?
Can you use your car as a trade to buy another car even if your name is not on the loan or bill of sale from the dealership?
Can you use a car as a trade in for your new car if the trade in is titled to your daughter and has an out standing loan signed by another person and your daughter agrees to the trade in?
Answer your daughter would have to sign the release documents for her car. As for the loan, whoever signed the loan would still have to pay the loan, regard…less. The loan doesn't go away. If you do consider this, make sure there aren't any liens or any other claims to that car, through the bank or other institution.
Is it possible to trade in a car and buy a new one even if you are still paying off a loan for the original car?
Answer Yes. You have to make certain the dealership you're working with for the purchase of the new car is covering the entire amount owed on the old car.… Also, whoever is doing your financing should give you a check made out to you and the lienholder of the old car so that loan can be paid off. If you do not do this, it is possible for the bank of the old car to come back to you and sue you for the loan balance. Keep copies of everything in a safe place. sunnyraye
Answer At the end of each month, especially the last day of the month, salesmen will pull out all the stops to make that last sale. On a broader level, t…oward the end of the current model year, September - November, dealers want to clean out inventory to provide space for their new vehicles. They will also advertise their lowest prices at this time. Just be aware that your new car will become a year old immediately when the new models are available, and loose blue book value as well
I believe the sales tax is the same if you buy from a dealership or from an individual - $6.25%.
In theory no, in practice yes. This is done all the time. You want a certain car and they do not have it in stock. The call around and find the car you want at another d…ealer. They sell you the car and go get it from the other dealer.
Depending on which state you live in, you may be required to use a state approved bill of sale form. The state approved bill of sale forms typically require information such a…s: the seller's and buyer's name and address; the car's vin number, make, model, body type & year; odometer reading; and sale price. Some of these state approved bill of sale forms also require the seller's and buyer's signatures be notarized. Other states have moved this information to the title for you to complete when you sell the car and no longer require a state approved bill of sale form.
No, you would need to register it. The dealership simply "signs off".
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 w…ith the interest. the longer you save the loan, the more interest you have to pay!
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Why would a car dealership not have the title for the used car you purchased and does a Bill of Sale take the place of a title proving new ownership?
because most car dealers buy from auctions that give them a floor plan in other words they hold the title and give them a credit so that they can take the car on their lot and… sell it and once it is sold they have to go pay off the floor plan to receive the title so that they may register it in your name. There is usually a time limit for them to do it before they are charged penalties.
According to Kentucky's Attorney General, you have no right to cancel the purchase of a used car in Kentucky. One trick to get around this is to cause your loan not to be fund…ed by the bank or credit union - this does not work if you got the financing from the dealer. Our credit union often advised people to write 'subject to financing by the xyz credit union' on the sales contract. Then, if they wanted to cancel the sale, they could tell the credit union to reject the application. A little falsehood might get you off the hook, or not. Call the dealer and tell them you are about to be fired from your job. That will generally cause them to cancel the loan but good luck getting the deposit back.
Every Province, Territory and State has different laws governing the sales of used vehicles. You would need to be more specific in your question and specify the area where you… are looking.
It is a requirement to have a driving licence to buy cars in some countries.
Dealers that sell used cars in Topeka, Kansas include Jim Clark Autoworld, Briggs Kia, Auto Acceptance Center, Cruser's Auto Plaza, Lewis Auto Plaza, and Honeyman Auto Plaza.