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No. The loan takes the pink slip which you don't have. The bank owns the car until you pay it off and has the pink slip.
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∙ 7y ago
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Can the bank repossess your car after the loan matures and you still owe?
If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.
How can you get out of a car loan without a repossession?
Sell it for what you owe if it is possible. Pay off the loan, get the title and sign it over to the new buyer. If you cannot get what you owe, then get as much as you can. Get a personal loan from the bank to pay of the remaining balance. The personal loan is better than the amount you owe on the car.
Can credit union hold title on car if car used as collateral and loan is default?
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.
Can you trade in your car if you still owe on the auto loan?
yes you can trade it in. But if you owe more than what the dealer is going to give you for the car the remaining balance will be added to your new loan
What do you do when you cant fix your car and you still owe on a loan?
You still pay the car note and enjoy the lawn decoration
What should you do when the lien holder sent you a clear title and you still owe on the vehicle?
Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.Just keep paying your car loan.
Do you still owe title loan after vehicle is not working and repossessed?
YES! Including any interest.
How much do I still owe on my car loan?
Sorry but, only you would know that:(
Do you owe the balance on a wrecked vehicle?
Yes, you are still responsible for the loan no matter what happens to the car, hopefully the insurance payout covers what you still owe on it.
What are your options when you have totaled an uninsured car that you still owe A LOT of money on and you need a car to get to work still?
Make another loan-quick before the wrecked car loan goes bad.
You owe nothing on your car can they still reprosess it?
wHY WOULD THAT BE AN ISSUE IF YOU HAVE A CLEAR TITLE?.
Can you give a car away if you still owe the bank and the bank has the title?
Not legally...
