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The purchaser signed the agreement and took on the obligation to pay the debt, not the car. The purchaser is responsible for the terms of the agreement.
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∙ 16y ago
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What do you do if you can no longer pay a car loan in Texas?
Sell the car for the price of the loan. If you can't get that price out of it, then talk with the bank about your options.
Can you be arrested for owing a title LOAN anD longer have the car?
No, you will not be arrested but you are still liable to pay back the loan.
What to do if you can no longer afford to continue your car loan payment?
sell it and get a moped.
What happens if up you stop paying your car loan and move to a different state?
It is a felony if you take the car across state lines and you are no longer paying on your loan.
What can you do if you become ill and owe car loan payments and you can no longer pay?
Depends how ill you are. But I'm sure no matter what, they'll make you pay off the car loan.
If you moved to another country but still have a car loan can you refinance that loan in someone else's name?
The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.
What is the average interest rate on car loans?
The average interest rate for car loans is between 4 and 4.5% for the last few months. A car loan for 3 years is slightly cheaper than the car loan for a longer term.
Can you sell your car if it has been charged off?
A charged-off loan is one where the lender of the money no longer believes the loan is profitable, due to the loss of value of the car. This is an accounting term and has no bearing on the amount of money a car will go for.
What if you get a car loan and not buy the car?
You will still owe the money back with agreed upon interest. There may be some legal issues if you used the car for collateral and you do not own the car. return the money with the interest. the longer you save the loan, the more interest you have to pay!
What if your loan company wants to repo your car and you no longer have it?
Then you're still liable for the money you owe the lienholder.
Does making a longer car loan increase your monthly payment?
yes it does i think so do you think so?
How long do you need to be delinquent before they can repossess your car in Pennsylvania?
CHECK THE LOAN PAPERS. SOME 30 DAYS SOME ARE LONGER. IT ALL DEPENDS ON YOUR LOAN.
