how do you find out if the owner still owe a finance company on the car you are buying?
Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.
Yes, if you have something else of value that the bank/credit company is willing to transfer the collateral to. This also may work if you are planning on buying a different car with the proceeds of the sale.
Sure you can, but you're still responsible for paying off the loan to the finance company. If the check will cover the pay-off, give it to the finance company. If it doesn't, give it to them, anyway. It'll reduce your debt by that much.
Sure. Have owner "order" title to local financing branch. Meet owner at bank, exchange funds and get title. Or, pay the owner amount over the payoff and pay bank or finance company the pay off. Get a power of attorney signed by the owner which will give you permission to sign their name on title. Most reputable car dealers can give additional info on title laws in your state
yup.
They will....eventually. Regardless, you still owe.
If you no longer owe on the car and own it free and clear then it's your choice. You can pick it from the towing company or not. After a period of time, the towing company will place a lien on the vehicle and take ownership. If you still owe money on the car then you have a contractual responsibility to protect the vehicle from liens and you will still be responsible to pay what you owe to the finance company.
No. The funds still belong to the company. The owner's will or estate will determine who owns the company.
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.