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∙ 13y ago
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How do you find out if the owner still owe a finance company on the car you are buying?
how do you find out if the owner still owe a finance company on the car you are buying?
What happens if you buy a car with outstanding finance?
Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
In mi Who does the automobile registration revert to after the death of the owner?
If the owner has a will it passes according to the provisions of the document. If the owner does not then the car passes to the owner's next of kin. If the lease or finance agreement terms are breached during the period immediately following death repossession becomes very likely because the finance company will desire a guarantee and the car is quickest.
Bought a car now told its on finance Am i the legal owner?
you took a loan to finace the car from the dealer- the bank holds the title to your car- you are the owner and respondsilbe to pay the loan or the bank or fiance companmy can reposses your car
Can a car be reported stolen for non-payment?
Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.
How do you say the owner will finance also in spanish?
how do you say the owner will also finance
What happens to car if you find previous owner owes finance on it?
you make him pay it or else you will need to pay it.
Is it possible for car lien holder to be different then the registered owner?
Yes, finance companies do it every day
Can you return a car halfway through a finance agreement without penalties?
You cannot return a car half way through a finance agreement without penalties. This is because it causes the owner a lot of stress.
If a car has finance on it can you still buy it?
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
Can you finance a car with no credit?
its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.
In California does a finance company have the right to repo a car from a police impound when payments are not behind?
No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.
