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Yes you can. Many credit unions and small banks will offer a secured loan for a vehicle that does not have a lien. Expect to pay higher interest for this type of loan. ----
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∙ 15y ago
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Can you take a loan against your car?
Can you take a loan against your car if it isn't 100% paid for? I have one more year on Lexus.
What is meant by the term security when obtaining financing?
Security indicates something of value that is pledged against the loan. Pawn shops take valuables and loan money against them. The item is held as security or collateral for the loan. If the loan is not repaid, the pawn shop will sell the item to get their money back. When buying a car or a house, the vehicle or property usually stands as the security for the loan. If the loan is not paid, the loan company will take the vehicle or foreclose on the property so that they can sell it and get their money back.
If you are executor and there is only money in IRA do you have to take the money out to pay off car loan of deceased?
Or you have to sell the car and settle the loan.
Can you sell a vehicle if the cosigner refuses to sign off on the loan?
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.
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.
Can you take a loan against your car?
Can you take a loan against your car if it isn't 100% paid for? I have one more year on Lexus.
Can you finance a car that is paid for?
If it's paid for, there's no need to finance it. Once it is paid for, it is possible to take a loan out against the vehicle as collateral, but then it's no longer paid for at that point.
If spouse buys you a car can dealer come take car if he is not paying on the loan?
Yes a vehicle can be repossessed if the loan is not being paid on.
CAN I GET A LOAN AGAINST MY CAR IF ITS NOT PAID FOR?
No, because, until you get it paid off and hold the title, it's not actually your car, per se - the lawful owner is the lienholder.
When a person died by naturally then what happen car loan?
Until the car is paid for, the company that made the loan still has a financial interest in that car for the amount that is still owed. If that amount is not paid, the holder of the loan has the right to repossess and sell the car. If that does not generate sufficent funds to pay the loan balance, they may make a claim against the estate of the debtor.
How long do you have to pay on a car loan to help your credit?
Until your car loan is paid in full. Usually around 36 months, give or take.
If a car was paid for and then you took out a title loan against it for twice the vehicle's value can the title loan company repossess it?
Why would they NOT be able to repo a car they purchased the title to? READ your contract.
Can you take a loan against your car if not paid for?
You can if a lender is willing to loan you the money and the existing loan is not more than 50% of the value of the car. Just make sure the lender is aware of an existing loan against the vehicle. This is a very bad idea IMO. Using a car as collateral for a loan other than to buy the vehicle is a very bad idea. Cars depreciate very quickly so are not good collateral. More than likely no lender will loan you the money on this vehicle.
Do you get the title to your car if you have a loan on it?
No. You don't get the title to your car until any loans against it are paid in full. <><><> In several states, you will get a title document- but it will show the loan company or bank as a lienholder. That title cannot be transferred to someone else until the lien is satisfied (loan paid off)
What if you cant pay the judgment against you have no job but have one car that is paid for?
If it's against the state you can probably take jail time instead of paying your judgment. If it's against the another person I have no idea, but you might be able to get a loan using your car as collateral but it might be hard with no job and you risk loosing your car.
What is meant by the term security when obtaining financing?
Security indicates something of value that is pledged against the loan. Pawn shops take valuables and loan money against them. The item is held as security or collateral for the loan. If the loan is not repaid, the pawn shop will sell the item to get their money back. When buying a car or a house, the vehicle or property usually stands as the security for the loan. If the loan is not paid, the loan company will take the vehicle or foreclose on the property so that they can sell it and get their money back.
Can you change the name of the title on car without having the loan paid off?
Most likely you would have to officially take over the loan.
