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What happens if you buy a vehicle privately by cash and the seller does not pay their loan?
Wiki User
∙ 11y ago
Try to make him pay off his loan or you will have to pay it off cuz you cant register it. I know you can junk or sell a car with a loan on it. So i would take him to cort for fraud.
Wiki User
∙ 11y ago
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Do you provide a seller a bill of sale on a cash purchase of a vehicle with a clear title?
You can if you would like but it is not mandatory.
What is the journal entry for cash out to an owner of a privately held corporation?
Debit drawingsCredit cash /bank
If you purchased a vehicle in Georgia several days ago from a private party and paid cash for it but did not sign name or date or the odo yet on the title and it broke down is it his problem or mine?
Are you the purcher? If so I would say, that it is your proublem. The seller has no controll of your signing the title. You do that to get your new title. That is not the responsibility of the seller. Did the vehicle come with a warranty or was it as is?
Is Cash Discount received on cash sales?
Cash discounts are received on cash sales. The seller or provider often refers to the cash discount as a sales discount.
Where can I trade my small SUV with a full sized van?
You could try trading your small SUV in at a local car dealership or through carmax.com. You may also sell your vehicle privately, and use the cash to buy a van. You can find the value of your vehicle at kbb.com.
What are the release dates for Cash and Cari - 2011 The Reluctant Seller 1-4?
Cash and Cari - 2011 The Reluctant Seller 1-4 was released on: USA: 17 January 2011
What exactly is business cash flow?
A cash flow business is typically going to be a business which specializes in buying, brokering or otherwise investing in Cash flow notes. Cash flow notes are privately held mortgage notes held be the seller of a real estate property in lieu of a bank mortgage. If you are in the "cash flow business" then you are investing in or brokering private notes.
What do you mean by Cash Memo?
a cash memo is a document prepared by the seller and given to the buyer during a purchase or sale transaction
What is the difference between sales and cash sales?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
What is definition of cash to available financing in real estate multi listing report?
It means that the Seller will accept CASH to purchase his property.
What is different between sales credit and cash credit?
In cash sales, payments are made instantly by the buyer/customer to the seller, where as in credit sales, the payments are generally made after a specific period as agreed upon between the buyer and the seller.
What happens if you have a baby on the way and have bad credit and have a high interest rate on your vehicle and cant afford it?
The best option would be to sell the vehicle for the equity you have (as in, the amount you have paid on it) and buy a reliable used car for cash with no payments.
