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What is easier to pay car loan or bank loan?

Updated: 8/20/2019
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11y ago

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bank loan

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11y ago
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Q: What is easier to pay car loan or bank loan?
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What happens if don't pay the car loan?

If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.


One person car loan and death?

Heirs pay loan or bank takes car.


Will the bank go after your house if you don't pay for your car loan?

no, your car loan is secured by your car, your mortgage by your home


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.


How would you go about 'buying' your dad's car if he still owes the bank?

You need to pay off the bank to get the title to the car. You can either give your father the cash needed to pay off the loan, or you can get a loan from a bank. If you get a loan, the bank will send the payment amount to the lien holder, which is the other bank, and anything over the amount of the loan balance will be sent to your father. assume the loan in your name.


In California if the bank repossesses your car do you still have to pay the loan off?

YES.


Can you keep a car that your name is not on loan but was given to you by the deceased?

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.


Bought a car now told its on finance Am i the legal owner?

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


Do we the people have to submit my bank statements to the bank holding a car loan?

Not after you are approved. if you can't afford to pay, surrender it/


Will a bank buy back your car and pay on the auto loan for the amount of purchase?

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Can a car dealer repo the car if the bank backs out of the loan even if you can make the payments easily and the bankruptcy has been discharged and it's a brand new loan and the title is in your name?

What you need to do is get a new loan from a different bank and work it out with the car dealership. If no bank will fund you, then you have no choice but to turn over the car - since there isn't a bank to pay them for the car, they can take it back.


Can the bank repossess your car after the loan matures and you still owe?

If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.