NO. Trade or Refinance
A contract for a car loan does not expire. A borrower must pay the balance on the loan in full, according to the terms, in order to take ownership of a car. A lender can repossess a car at any time due to a default on the loan, even if there is only one payment left.
write the car off
Under "contract law", in this instance the loan/payment agreement you signed at the time the car was handed over to you.
No, the contract you signed is binding.
If they both signed the contract and were legally able to enter into a loan contract no names will be removed. All signers remain equally responsible for the loan until it is paid off.
You must be 18 to sign a legal contract, i.e., to obtain a loan.
3 days after signing contract
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
It would depend on the contract you signed when you purchased the car.
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.
YES, the contract is what they sue for unless the car is listed as COLLATERAL for the loan. Then they repo the car and sue ya.
Why would they NOT be able to repo a car they purchased the title to? READ your contract.