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Do you have to pay sale tax on a car the you still owe and the bank still has the title?
Wiki User
∙ 12y ago
Yes, you have to pay the sales tax when you license the car.
Wiki User
∙ 12y ago
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If you sell a car and still owe the bank how do you get the title from the bank?
you need to have the buyer fill out the Bill of Sale, and get the money before the title is handed over.
Can you keep the money from the sale of a car that is still under agreement with a bank?
not unless the leinholder holds the title and the new owner doesn't want the title or doesn't mind someone oweing money on there car.
Can you sell a vehicle if you have the title but the loan is through a bank n you still make auto loan payments?
If you still owe the bank, then the bank should be listed as a lien holder on your car title. In effect, they own the car, not you. If you were using the proceeds of the sale to pay the car off, then you may be ok. Check with your bank. Otherwise, you could be violating the law by selling their collateral. They could sue you and have you charged with a crime.
Can you give a car away if you still owe the bank and the bank has the title?
Not legally...
Can you repo a car when the title with no lien and registration is still in your name?
there is also no bill of sale on it.
If you are making payments to the bank for your car does the bank have your car title?
no,you should have title.
Do you have to return the keys to your repossessed car The bank says they cant sale the car without them?
they have the title they can just pay 50-150 for a new one.
Can i Buy a car with no papers?
You can get a bill of sale, which only entitles you to possess it. You can't get it registered without the title. If you're buying a vehicle with "no title" or "lost title", you may have a car with a large lien from a bank or finance company on it.
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 to get a car title for a used car?
In a private party sale the title should be released and signed over from the seller to the buyer when the agreed upon amount of money is exchanged. If the seller does not have a title available, it would be best not to involve yourself as there may be a lien on the title from a bank or other party which could forfeit you from legally owning the car even if you paid the seller for the car. The lien holder of the title must sign off on it before it can be transferred. If it is a sale from a car dealer then they should give you a bill of sale and come up with a title for you at some point. The amount of time may vary as they may not have a title in hand right away.
How do you sell a car when the bank has the title?
Contact the bank. You can't sell it without the title.
Do you still owe the bank when a car gets repossessed?
Usually, yes. The bank will dispose of the car (often by auction) and then come to you for whatever they lost and all fees associated with the repossession and sale.
