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How do i buy a car from my brother if he is still making payments on the car?
Wiki User
∙ 12y ago
pay him what he spent on payment already and the rest and have an agreement when he gets it all paid for with your money that he will give it to you.
Answer
Advice to the wise: Pay the money directly to the lender and get the clear title to the car. It may take a visit to the lender by both the buyer and the seller. You may also need to take out a new loan in your name.
Wiki User
∙ 12y ago
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What can you do if your car blows up while you are still making payments and you can't afford to make those payments and buy another car?
Depends on what you mean by
Can you buy a new car if you have a lien in your name on another car?
Yes. This happens all the time. If you have a car you're still making payments on (and which will therefore have a lien on it), and you want to buy a new car, as long as your credit is good and you can afford the new payments as well you shouldn't have a problem.
How cheap can you buy a Wii?
The cheapest you can go is by making payments every month
What happens if you loose your job after you buy a car?
You figure out a way to continue making the payments.
Will you have to buy membership for diablo3?
Once you buy Diablo 3, you can play as long as you want without making any other payments.
Can you buy the big brother house when its finished?
NO! you can not buy the Big Brother house they are still going to use it so what is the point then buying it and it is 2.3 millon dollors
If someone made payments to purchase vehicle then changed their mind are they entitled to a refund of payments?
Most states do not have a cooling off period. Witch means that if you buy a car and then change your mind you are still responsible for making the payments. If you fail to make the payments your vehicle will be repossessed and sold to satisfy the lean holder. So no you will not get your money back, in fact you may have to make up the difference if the car sells for less than the loan amount.
How can you buy a car from a person who still owes their bank?
Yikes. I hope you're getting receipts from the seller. The cleanest way to do this deal is, to apply for a loan from a bank and do the transaction through the banks. Or, contact the bank that holds the note to see if you can assume it. If the seller defaulted on his payments, the bank would come get the car that you've been making good faith payments on. As this deal stands, you don't have much protection, or recourse, if the seller isn't making the payments to the bank, or defaults, later.
If you are 3 months behind on your car payments can you still buy another car and let the other car go into repossession?
no
What can you buy for your 3 ¾ year old brother that's not toys and he'll still like?
Books!
What do you do if you can not afford to continue making the car payments on the totaled car while making payments on the new car loan?
Sell the newer car and buy something cheaper. It's a bad idea to default on a loan and screw up your credit. Sounds like you overextended yourself financially!
If your car is totaled do you still continue making payments?
If you payed for your car, and are the rightful owner, you make payments until until you've payed off for the car. However, by law your required to have insurance, so that should cover some of the cost. If you are leasing, you must pay the price of the car to buy a new one, same model, same year, same custom parts.
