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How do you sell a car that is still financed to a provate party?
Wiki User
∙ 13y ago
Legally you can't !
The car belongs to the finance company until it's paid off !
Wiki User
∙ 13y ago
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How do you sell a vehicle that is still being financed?
Yes, you can sell a vehicle that is still being financed. You will need to pay the loan company the balance of the loan with the sale proceeds in order to give the buyer a clear title. If you have to sell the car for less than you owe, you will be responsible for paying the balance out of your own pocket in order to transact a legal sale.
How do you sell a personal financed car?
repossession
Who is a lien holder with a financed auto?
If the question is "who is a lien holder with a financed auto" then the answer is usually: the party who loaned the debtor the money, that is, the bank or lender. For example, if you financed a Hootieville ZX through Holeinwall Bank, then the good people at Holeinwall are the lien holders on your financed vehicle. They have the right, where allowed by law, to sell their interest in your contract to another lender or interested third party, much the way mortgage companies sell home loans like they were hot cakes on a cold winter morning. In short, the lien holder is the person who owns control of the loan (and actually the vehicle) until you pay it off or it gets repo'd and sold.
You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
What do you do with a financed car when you have to move abroad and can't keep paying it?
Sell it and pay your lender!
Can I legally sell my car before I have paid for it?
No you can not. I would assume that whoever you have it financed through still has the title. You cannot sell the vehicle until the title is in your name. The person that you are selling it to may pay you what you want and then take over the payments if your financial institution allows it.
Can you sell your tv even though payments are still being made on it?
Depends on how purchased. if you used a card you owe another company but tv is paid for. If financed from place you bought it, that is security for the loan and they have a lein.
Can a judgment creditor take my fully financed car?
Not if it is 100% financed or on a lease. A judgment creditor can force you to sell it for its market value, pay the lender what is due on the loan and take the rest.
Is it illegal to scrap a financed car the dealership did not want?
I'm not sure what the "dealership did not want" has to do with it but it is always illegal to sell anything that is financed. This is called "Selling of mortgaged property" and I believe is a felony
Where can sell a used car when it's financed?
You cannot sell a car with a lien against it without getting a lien release from the lender. To do otherwise is illegal.
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.
Do dollar stores sell party snaps?
Most dollar stores do sell party snaps.
