0
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can you pay off a car loan without paying interest-?
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
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.
Do you have to pay off the car loan if you have totaled the car?
Yes, if your insurance company will not pay it all.
Can you trade in a loan car?
Yes. You must pay off the loan with the proceeds, and pay the difference if the proceeds are less than the loan.
What happens if you don't pay off your car title loan?
they take your car
How long does it take to pay off a car loan at average interest rate?
The time it takes to pay off a car loan with an average interest rate depends on many factors such as the type, cost, and mileage of the car. The average to pay off a car loan for a new car is generally about 5 years, give or take the model of the vehicle.
How can I take my name off a straw purchase on a car loan?
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
How do you get out of a car loan?
You must know that it is legal obligation to pay off a car loan. To get out of a car loan, make regular payments. If doing so is becoming difficult for you, then you can sell your car and pay off your loan. Here, there would be problem if you have upside down loan. If your higher monthly payments are making things difficult for you, you can refinance your car.
Does a car loan go away after time?
Yes. When you pay off the loan, then it goes away.
How should I pay my car loan off quickly?
One way to pay off your car loan more quickly is to increase the amount you pay each month. If you pay more than the minimum payment any extra should be applied to the principal amount of the loan. This will decrease the amount of interest you pay over the life of the loan and therefor reduce the amount of time you pay on the loan. Another option would be to use any extra money, like tax refunds, bonuses, etc. to make an extra payment on your car loan. This link has more information: http://www.carloanscalculator.com/how-to-pay-off-a-car-loan-early.html
If you moved to another country but still have a car loan can you refinance that loan in someone else's name?
The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.
