A clear title for that car.
Can you take a loan against your car if it isn't 100% paid for? I have one more year on Lexus.
Yes i can
no
Do you need a loan contact
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
You need an appropriate record to qualify for a car loan and you need correct and standard employment information that you must provide in order to approve.
no you need to be 18
You don't need a loan you can just pay.
Any kind of loan goes against your credit rating. Most car loans are given by contracted companies, like Citi Financial, and acts like a regular loan against your credit.
You need to have the title transferred to your own name and notify the loan company of the change in ownership. Then you will need to pay the balance of the loan or renegotiate the loan with the bank. If you don't pay the loan the car will be repossessed.
There isn't any laws against getting a car loan with a instruction permit. However the car cannot be driven until the drivers license is shown.
That's illegal. Technically, if you 'borrow' money against your vehicle, the car becomes the property of the loan company until you've repaid the loan. If you sell the car before the loan is repaid, you're likely to land yourself in court !