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Is there any legal way to sell a car still under finance without transferring the debt to the new owner?

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Wiki User
2005-12-04 11:23:48
2005-12-04 11:23:48

Yes, if you have something else of value that the bank/credit company is willing to transfer the collateral to. This also may work if you are planning on buying a different car with the proceeds of the sale.

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No, the decision is up to the legal guardian(s) and household owner(s).

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The owner of the property signs the deed when transferring ownership.The owner of the property signs the deed when transferring ownership.The owner of the property signs the deed when transferring ownership.The owner of the property signs the deed when transferring ownership.

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The service offered by Conveyancing Online is transferring the legal title of a property, upon its sale or change of owner, from the original owner to the new owner, so they are the legal owners of the property.

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how do you say the owner will also finance

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The owner who signs a deed must be the one who is transferring their interest to the other.

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The one with the name on the title, if it is free and clear. Otherwise, finance companies that finance vehicles are the official owners until the loan on the vehicle is paid off.

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You cannot return a car half way through a finance agreement without penalties. This is because it causes the owner a lot of stress.

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not without giving the owner of the picture recognition

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No. Only the legal owner can transfer the title to a new owner.No. Only the legal owner can transfer the title to a new owner.No. Only the legal owner can transfer the title to a new owner.No. Only the legal owner can transfer the title to a new owner.

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You need to take the release form and the title to the DMV. They will issue you a new title without the finance company on it. They will NOT do this until / unless you have the signed title and a release from the finance company / legal owner. The process costs only a few dollars.

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If you are the owner, or the immediate family of the owner (son, daughter, wife).

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how do you find out if the owner still owe a finance company on the car you are buying?

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If you are the registered owner than that is called "Theft".

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go to youownerfinance.com

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When the owner carries the paper that means that the owner will finance the deal. The owner becomes the mortgage company.

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you took a loan to finace the car from the dealer- the bank holds the title to your car- you are the owner and respondsilbe to pay the loan or the bank or fiance companmy can reposses your car

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Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.Yes. If the legal owner transfers the property to you by their deed.

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yes, still you may get in legal trouble doing it without the consent of the owner.

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Yes. If you are the grantee in the deed then you are the new, legal owner.

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Who is the legal owner or owners of a car if it is registered in one name but paid for jointly by 2 parties

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Absolutely not. One co-owner has no legal right to take or sell the property of the other co-owner

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a property is never allowed to remain without owner. as soon as the owner of a property ceases to be so by reason of death or otherwise, the property passes on to the next legal heir. and when there is no such legal heir, it passes on to the state by escheat..

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Yes it is legal although you should make sure the next owner(s) know so they can give them to the cat.

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It is not legal to drive these sorts of vehicles on the road without a license. It is allowed if it is on private property with the permission of the owner, but it is illegal to use it on a public highway.


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