If you trade-in a car that Not paid off, you will be trouble with the law.
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.
Yes, you just add the payoff amount of the car you are trading to the price of the car you are buying.
Once you sign the release of liability at the dealership when you trade the car , the dealer is responsible for the pay off.
Only if you can afford payments for a new car and your used car is in very bad shape.
As long as you weren't a registered owner. If they trade the car in, then the trade should be paid off by the dealer where they bought the new car. This is actually good for you, since I'm assuming you didn't cosign the newest car loan. You're off the hook.
The car was repossessed one week before being off, now the creitor wants to charge me repossesses fees.
In order to trade in a car you must be the only owner listed on the certificate of title. If a creditor is listed on the title that creditor must be paid off from the proceeds from selling the car or from the new loan.
yes u can my mom has before
Pay the bill off and sell it or borrow enough on the new car to pay off the old car and finance then new one. My advice is to not consider trading until you pay off the car you now own. That way you will be in a much better financial condition to purchase another car.
Yes, of course. Because the loan on that first vehicle still needs to be paid off. The best thing to do is not trade it in, but try to sell it on your own. Then use part of that money to pay off the loan and the rest as a down payment on the new car. You're never getting as much as you think you're getting when you trade in a car. Remember: The dealer has to detail, repair, etc. that trade in before they can sell it and they intend to sell it for a PROFIT. If it seems like you're getting a good price for the car, you're probably paying a lot for the new car you're trading in for.
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
One way or another, the loan has to be paid off. If you trade the car in, you can get the payoff added to the amount financed on the new car.
You can only trade in a car that has clear title. Depending on the dealership, it may work to bring the owner of the car with you to sign off on its being a trade. Or, get the title changed at the DMV into your name before shopping for a car. If this is your wife's car, think twice about doing it without her involvement.
You cant without the cosigners approval.
dime finance the loan to my car which has been paid off. Where do i go to get a letter stating that the car has been paid off so that i can sell the vehicle
pay it off
I sold my ATV that was not paid off is it illegal?
No, the cosigner will not have rights to the car after its paid off because the purpose of a cosigner is to pay off the notice if you fail to do so. Being a cosigner does not give them to any rights to the car.
Who payed the car off?Was the car repoed?
If it is paid off, see your local DMV.
If the car is on a loan, you can return the car to the creditor that has granted you a loan on it. If you have paid off the car or bought the car paid off then you can't return the car to the dealership or owner unless it states you are allowed to do so. I tried returning a car that I paid off and was allowed to return it because it did not follow the lemon laws. If it had no problems, then no I couldn't return it and get my money back on it.
Yes you can, but it depends on the dealership you trade it to...some of them will be willing to pay it off when they receive it as a trade.
Randy borrowed $9000 to buy a new car. So far he has paid $1800 of his loan back. What percent of the loan is paid off?
Or you have to sell the car and settle the loan.