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Yes, but the price would most likely be higher then average because you'd be forced to pay off the remainder of the loan and whatever the car buyer wants for it.
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What is a purchase loan?
A home-financing technique in which buyer borrows from the seller instead of, or in addition to, a bank. Sometimes done when a buyer cannot qualify for a bank loan for the full amount. also called seller financing or owner financing.A purchase loan is a loan that is used to purchase something. With this in mind some common types of purchase loans include car loans as well as home loans.
Can you buy a car without having to pay a loan?
no
If you get youre car get repossed can you buy a new car?
Sure, but you might have trouble getting the loan to buy it due to the fact that your other car got repossessed by the bank that gave you another loan.
What is a pre-approved car loan?
A pre approved car loan is a loan where the car dealer or banks have already run your credit. They have determined how much money they will lend you and what you can afford to buy.
If you buy a car and the car has oustanding loan from the previous owner?
Never, ever buy a car with an outstanding loan. In fact you cannot transfer the title with a lien on it. Walk away from this deal. It is nothing but trouble.
How much is a car payment on a used car?
It depends on the seller of the car or what will be your agreement. If you buy a car in a car shop preferably they have a paying scheme for that wither you pay it as good as cash, installments or by car loan financing.
When do you give the money to the seller of a used car?
Maybe when you buy it
Can the car seller be held responsible for the car loan of the buyer?
ABSOLUTELY NOT
Where can you buy a 1998 and up camaro z28?
In a used car yard or private seller, or a car collector
Does a clear car title mean not making payments on the car?
It means that when you go to buy the car from the seller that you can directly get the title from them, you don't have to wait until they mail it to you, after getting it back from the bank if they had a loan on it.
Can you junk a vehicle without title if the loan company refuses to repossess the car?
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
Can I get out of a car loan if I did not buy the car?
If you did not buy the car it depends on the creditor. Some will void out the loan, others will not. If they do not void it then you have all the money from the loan... so you can pay the loan in full immediately. I think it is not very good to get a car loan if you didn't buy he car. it is just my opinion!
How can I find the history of a car I'm thinking about purchasing?
The registration office in Ontario requires and seller of a used vehicle to buy a seller's package which has all that info. Request to see it, dealers will have something similar. Even if the seller does not have when you buy the car off them you have to buy if when you register the car. If you do not live in Ontario chances are your province or state has something similar.
Where are you supposed to buy cars?
You can buy cars at new car dealers, used car dealers, or from a private seller. Just make sure you buy from a trusted dealer be it new or used. Especially if it is used. Ask friends and neighbors about the used car dealers in your area. Contact the Better Business Bureau to find out which dealers are honest. Be very careful buying from a private seller. Above all do 2 things when the car is used. Get a Car Fax report on any car you want to buy, and have it inspected by a trusted mechanic.
What happens if you buy a vehicle privately by cash and the seller does not pay their loan?
Try to make him pay off his loan or you will have to pay it off cuz you cant register it. I know you can junk or sell a car with a loan on it. So i would take him to cort for fraud.
Can you cancel a car loan if private seller won't sell car?
Only if you return the check issued to you intact before it was cashed or deposited it into a bank account. Deposit/cashing of check acknowledges loan money has been used.
Car purchase seller has no title?
Then seller doesn't own the car. Don't buy a car without a title. The title is the only thing that proves ownership. ---- If the seller has no title, the car might be stolen. DO NOT buy the car.
