i o 19000 on a 10000 car at 560 a month 4 years left on loan
i own a car the titles in my name my mom took the car and wont give it backto me can she do that
The bank doesn't own the car. Unless you used it as an asset, or collateral for a loan from them, they should have no hold on that.
If the car is repossessed then that means the bank owns it. So if they own it and they have it, then no you do not need to pay for insurance on it unless you plan on getting it back.
If the bank or car company doesn't put a lean on your car.......you own it.
If the banks car (they own it until the loan is paid off) is repossessed and is in their possession, the loan terminates and you own no additional monies. However, any and all monies you paid up to that point you forfeit - in other words, there will be no refunds to you.
No car payments. You get to actually OWN your OWN car. If you buy a car on credit, the bank owns the car until you make the last payment.In addition, you pay less for the car. No loan means no interest.
If you took out a loan from the bank to buy your car, they have a lien on it. For all intents and purposes, they own the car until you have it paid off.
Once you deposit your funds into another individuals bank account, those funds are no longer yours. You can not get your money back unless the owner of the account withdraws the funds and decides to give them to you. I recommend getting your own bank account.
AnswerI own my car and the owners of other cars own their cars. All car owners own their car unless they have a loan on their car. In that case they do not own their car outright until the loan is paid off, at which time they are the sole owner of that car.if you total your car the insurance company owns it then,but you can sometimes buy it back.
they should have the right to reposess anything you own in order to balance their loss.
You find the car you want, settle on a price, and then go get your own financing from a bank or credit union of your choice.
If you own the car, you can sell it for whatever you want. You can even give the car as a gift to someone.