That's illegal. Technically, if you 'borrow' money against your vehicle, the car becomes the property of the loan company until you've repaid the loan. If you sell the car before the loan is repaid, you're likely to land yourself in court !
Any title holder must relinquish ownership by signing the title release
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
You are unless it's a TITLE LOAN, they usually write it off.
Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
You can you take out a loan if you own the car and have the free and clear title by going to a high-risk lender. This type of loan is called a title loan, and the lender will put his name on the title to your car until the money is repaid.
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
Yes i can
She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
Yes, you can sell a car with a loan attached. You must pay off the loan with the money you receive in order to have a clear title or you must get someone to take over your loan.
Any title holder must relinquish ownership by signing the title release
No, you cannot sell a car without a clear, lien free, title. Wait for the clear title or you are asking for problems.
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
Yes, and you will have to use the proceeds to pay off the loan. If you can't sell the car for enough to cover the loan, however, you will not get a title. No one should accept a car without a title.
The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.
Most banks or independent title loan companies will NOT give you an AUTO loan or consider the car as collateral on a Salvage title car. Some dealerships have been know to sell salvage title vehicles and submit the title for a loan, unbeknownst the bank or the vehicle's owner. This is not illegal in some states. Always ask to see the title when purchasing a used car from an unknown dealership.
Do you have the title of the car in your name? Is there a loan on the car? You will have to register it if your name is on the title!
You can't sell it. You don't own it. The bank or loan company owns the car. You need their permission to sell the car and transfer title.