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If you buy a car and the car has oustanding loan from the previous owner?
Wiki User
∙ 15y ago
Never, ever buy a car with an outstanding loan. In fact you cannot transfer the title with a lien on it. Walk away from this deal. It is nothing but trouble.
Wiki User
∙ 15y ago
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What is owner financing a home?
Owner financing a home is a term that refers to the act wherein a person who wishes to buy a home contacts his/her bank to apply for a home loan (mortgate loan) in order to fund his purchase. The bank may finance around 80-90% of the home value (depending on the bank and country) and the owner would have to arrange funds for the remaining amount himself in order to buy the house.
How to get a mortgage loan with bad credit and good income now?
Find a rent to buy or one where the owner will carry the paper or a co signer.
What is a loan when you buy a property?
The loan to buy a property is known as a mortgage.
What is a type of loan that is used to buy real estate?
A loan used to buy real estate is a mortgage.
How does making a loan for an apartment from a bank work?
buy some loan from bank
Is a 2004 and Lower year Kia a good car to buy?
It depends on how it was maintained by the previous owner.
Can you buy a house for your daughter to live in with an FHA loan?
No. FHA loans require that the property be owner-occupied.
Is it possible to get a title for a motorcycle when the previous owner was selling it for parts?
just buy a frame and flip the vin
If repo company is after car you bought but previous owner did not pay off what can you do to get title?
Try to buy it again.
If you buy a motorcycle that has a lien on it from the Royal Bank of Canada through the previous owner can the bike be repossessed from you?
yes,
Is a Kia model year 2004 and Lower a good car to buy?
It depends on how it was maintained by the previous owner.
What happen when you buy vehicle from private owner and finance is not paid in full?
The unpaid finances are transferred to you and you should pay them in order not to impound your vehicle. Than you can sue the previous owner.
What is owner financing a home?
Owner financing a home is a term that refers to the act wherein a person who wishes to buy a home contacts his/her bank to apply for a home loan (mortgate loan) in order to fund his purchase. The bank may finance around 80-90% of the home value (depending on the bank and country) and the owner would have to arrange funds for the remaining amount himself in order to buy the house.
How to get a mortgage loan with bad credit and good income now?
Find a rent to buy or one where the owner will carry the paper or a co signer.
Can you buy a car with bad credit?
Possibly, but if someone lets you, I wouldn't. Interest rates will be outrageous.ANSWERyour monthly income should more than $1600.get stable employment at the same place for 6 months or more.a previous car loan on your credit card can help so taken copy of previous car loan record with you while applying for a car loan.
What is a loan when you buy a property?
The loan to buy a property is known as a mortgage.
Can you transfer a car loan to your name if you put all the money down on it?
No. The easiest thing to do would be to buy the car from the existing owner and get a new loan. Find out what car dealers don't want you to know at www.dealertricks.com
