If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
It is a bond that a dealer has to buy to guarantee titles to vehicles. For instance if they take a car in on trade that has a payoff on it and they sell the car without paying off the note and then go bankrupt you would go after the bond money to pay the loan off. In most states only a small bond (around $40k) is required.
then i think you start paying off either his family or his estate.
Paying it off.Paying it off.Paying it off.Paying it off.
No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.No. The co-signer will be responsible for paying the loan until it is paid off.
No you should see your score move some, paying off your balance on your car loan only decreases you debt ratio which in turn increase your score.
No, you can not sell a car that doesn't belong to you and that you don't have a title to. If you are still paying for a car, the leinholder will have the title. The car won't be yours until you pay for the car in full and the leinholder signs off on the title and gives it to you.
Yes, do it ASAP!
The estate has to pay off the car or sell it and re-pay the loan.
The car can always be repossessed if the owner stops paying off the loan.
You have to sell the car and pay off the loan. You might contact the place where it was purchased and see if they will take it back. Otherwise, you have to pay for it.
It typically referred to as stealing and you can be charged with auto theft. The car is owned by the lender until you pay it off. If you have not been paying them then they have simply taken back their property.
The best way to get out of a very bad credit car loan is to pay it off or let the company take back the loaned car if applicable. If someone is having hard time of paying off his or her car debt he or she must ask the help of some consolidating expert.
To pay off debt yes, to make monthly payments no.
Yes, by paying off the debt.Yes, by paying off the debt.Yes, by paying off the debt.Yes, by paying off the debt.
Usually in Nj the dealer has to guarantee inspection, and most of the time if you drive off the lot they will not take the car back from you. Unless there is something major major wrong with it. Dont buy it unless you want it.
You will have a certain amount of time to bring the loan current and get your car back. Otherwise it will be auctioned off, if you are lucky enough and the car auctions for at least what you owe on it, you will only have to deal the with scar of a reposession on your credit. If it sells for less that what you still owe on the loan, you are responsible for paying that back.
this is so that the person renting the car does not take off without paying, this is their insurance
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.Only by paying off the loan.
Money spent towards paying off debt often comes in the form of a monthly credit card bill. A car loan payment is also money spent towards paying off a debt.
You can still have it ,but you will be paying heavily for it and have no resale value for it.
It sounds entirely reasonable that you would pay them back for the remaining amount of the loan and for the needed repairs. I assume that the co-signer was trying to get the loan off of his credit and that perhaps you were not paying regularly or on time. There may be other circumstances that are not addressed here.
I bought a used car on friday, the car has more problems than I was aware off