Either pay off the car loan in full or sell it.
You can have someone take over the payments if they meet the credit requirements of the bank you have the financing with. You might also be able to get someone that wants your car to get their own financing to pay off your car.
The answer depends on who loaned you the money to buy the car. The answer is yes if the dealer does his own financing. I think most dealers arrange financing with a bank or loan company. If that is the case, you make you payments to them.
The easy-to-use auto loan calculator helps car buyers plan monthly car loan payments. Calculate car financing and car payments in advance to make a smart decision on how much you might owe each month.
Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.
Sell it or trade it in. Then take the proceeds to pay off the loan.
IT depends on the dealership you go to and your financing plan, but it's usually around 300-400 a month.
The bank/finance company. The dealer has already been paid for the vehicle
the 18 yr. old must apply for financing to buy the car of his/her dreams and obligate themselves to paying the payments .
You will have to weigh the costs of having a car repair verses financing a new car. Financing another automobile may cause your insurance rate to go up and increases your monthly payments. However, if it is unreliable you may consider selling the old car to a junk yard.
Capitol One has a great auto financing program. Their website is http://www.capitalone.com/auto-financing/ . Another place you could check is https://www.chase.com/auto-loan/car-loan.htm .
You can use the website at cars.com to find out how your payments would vary with a different type of car, different number of months, and a different interest rate.
Performance Based Payments