No. The easiest thing to do would be to buy the car from the existing owner and get a new loan.
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No.
The lender is only attempting to protect his interest. If you have not established credit to the point that the lender can feel that the loan is secure he will probably not be willing to transfer the loan.
The loan must be paid off first so the lender will release the title.
It is not really hard to do a Western Union money transfer. All you have to do is fill out the form, write down the name of the person, their location, and how much money you want to sent. Be prepared to pay transfer fees. Once that is done, send the control number to the recipient of the person you sent money to. He or she will then pick it up.
The loan must either be paid off at which point the bank sends the title slip to the "owner" or the bank agrees to transfer the loan to someone else's name (the new buyer).
subprime loan
did you get an answer to your question about getting a loan with a signed title? i am in the same boat... ~Becky You might be in a bind. Is there somewhere else you can get money for the title transfer fee, like borrowing from a friend? Once the title is in your name you won't have this problem in the future. The best thing to do is to try to put some money aside for emergencies so you're not stuck getting high interest loans. It's expensive to be broke with all those loan companies gouging you.
Yes they do
when you use mobile phone to purchase the produ t and transfer the money,the transaction is called
The lender loans money to the borrower.The borrower takes the loan out with the lender.The borrower is then in debt (owes money) to the lender and the lender is in credit with the borrower and will want the borrower to pay him/her back.
Go to the bank and ask them you want to do a Telegraphic Transfer, they will then give you a form to fill in, you will need to know the bank details and name of person of where the money is going.
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.