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How can I get the title of a car I want ot purchase from a private seller when they have not paid off the car loan yet?
Wiki User
∙ 16y ago
You will not be able to get the title to a car that still has a loan. The seller will need to pay off the loan before you would be able to get the title. A car title indicates the car is wholly owned by that person. If an individual is trying to sell a car they do not own outright, personally I would run, not walk, away. I would also wonder how many other times they have 'sold' the car????
Wait, lots of people sell cars without having paid off their loan. You have to meet the person at the bank holding the title and make everything happen. this is not that uncommon.
Wiki User
∙ 16y ago
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If you obtain a bill of sale when you purchase a vehicle but you cannot obtain a title is there anything you can do?
If the seller still needs to wait for the title to come in the mail because they had a loan to pay off, then this is normal and it could take about 2-4 weeks for it to come. If it was a dealer or the seller has the title but will not give it to you, then you can demand your money back or take him to court for the title or money.
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 a title loan company repo your car on private property?
Yes they can
Where in MI can you get loan for an used Dodge Sprinter if you want to buy it from a private seller?
Bank, Credit Union, ...........
can the underwriter stipulate who can be on the title when there are two people on the loan?
From what I have read, no, a underwriter cannot stipulate who goes on the title if the loan is in more than one person's name. Normally, both names that are on a loan have to go on the title of the purchase from the loan.
Can a private party get a vehicle title as collateral on a private loan?
In short, yes. You just have to sign a legal agreement that the person that currently owns the car is willing to put up the title of the car as collateral for the private loan. Make sure the person who has the loan possesses the title and has filed a lien with the Department of Motor Vehicles. *Always consult an attorney for legal matters.
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.
Private seller has title of used car that is being paid for by buyer does the buyer have to get full coverage insurance to register the car and get a tag for the car?
In my state you only need to have Liability insurance the get a title and register the vehicle. If, however you have a loan on the car the lender will require you to have full coverage.
If you purchase a motorcycle through a delaership and get a loan from a bank then pay off the loan with a balance transfer to your own credit card bc the is less-who gets the title?
You get the title
Can you finance a home purchase with private loans?
Yes, you can finance a home purchase with a private loan. There are also a number of other ways that you could purchase a home using loans available to you.
What happens if a used car seller has paid off their loan but not received the title yet?
Keep bothering them. If you haven't received the title after about 90 days, then something has to be wrong.
I am a salaried NRI in UAE. What all property documents will I need to furnish for a home loan?
NRI home loans are easily available in UAE. You will need to submit quote/Offer Letter from the seller, sale and purchase agreement, Title Deed and Site Plan along with receipts of down payment made to the seller.
