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Very bad idea. Never, ever, sell someone a car and let them make payments to you. If they cannot get a loan from a bank or financial institution this proves they are not a good credit risk. You may end up not getting any money and then having to go through the legal hassle of trying to repossess the car. Sell the car to someone who can pay you cash.
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∙ 10y ago
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Can someone take over car payments in a vehicle sale in Texas?
Yes
Can lender sale car repo without knoledge in tn?
If you have failed to make payments on time and they repossess the car then you have no legal claim to the car. They can sale their car when and how they choose to recover their investment.
Can you sell your car with payments left on the loan?
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
Is it possible to repo a car yourself that was sold and payments were not completed?
ABSOLUTLY! As long as you hold the title and a detailed bill of sale the car still belongs to you until the transaction is finished. When you get the car home (NO VIOLENCE
Can you sell a car for parts that still has lien on the title and continue to make payments yourself?
The answer is NO, unless the lender approves of the sale. Contact the lender.
You want to put your car up for take over payments how do you do that?
Put an add in your local for sale and want adds, and advertise it as take over payments. BEWARE , there are some people who may say they will pay and wont but you will still be liable for the payments. Get the transaction in writing.
Do you still have to make payments after returning a car?
Making Payments After Returning a CarNo, you do not have to make payments HOWEVER.....once they sell the car you still owe the left over balance. Just because you don't have the car anymore DOSEN'T mean you didn't borrow the money #2No you do not have to make payments after returning a car as long as you are ok with having a repossesion on your credit history and as long as your ok with the finance company filing a judgment against you for the amount left owed after the sale of the returned vehicle.
Where can you find an online lease payment calculator?
Online Lease Payment Calculators can be found on multiple car and insurance websites. For example, car sales websites will have a calculator to determine monthly payments and overall interest on a car for sale.
How do you get a car back when the buyer has missed two payments if you are a private party and do not have the title but do have a bill of sale?
The person whos name is on the TITLE as OWNER gets to keep the car IF no one has it as collateral for a loan in DEFAULT.
Does a co-signer have the right to take the car if you are behind on payments?
When you fail to make payments, they go after the co-signer. It can affect his credit. If he makes the payments he can take the car. You wouldn't want to make payments for someone else's car.
If your car is in the shop but you are still making payments can they repo the car?
Not as long as the payments are current and have remained so.
Do you still have to make mortgage payments on a short sale?
Yes.
