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Yes, if it isn't completely paid for.
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∙ 11y ago
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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.
What happens if you part out a financed car?
You still owe the finance company the balance owed.
Can you register a financed car?
You can, should, and are legally required to register a financed car.
What does the lender do when a financed car is totaled and there is no insurance?
Sue the owner of the car, since the owner was likely required to carry insurance as part of the financing deal.
Car broken and needs repairs and it is financed?
car is broken and needs major repairs but is still financed how do pay for the repairs
Average amount financed for new car?
What is the average amount financed in an auto loan
Is it illegal to use a financed vehicle as collateral on a loan?
It is not illegal to use a financed vehicle as collateral for another loan, but it's important to check your financing agreement to ensure there are no restrictions. Additionally, defaulting on the new loan could put your vehicle at risk of repossession by the lender.
What percentage of new car purchases are financed?
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
How do you sell a personal financed car?
repossession
A financed car that's not drivable?
That's a statement, not a question. What are you asking about the car?
