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IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.

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โˆ™ 2005-09-23 00:34:30
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Q: When someone assumes your finance payments are you no longer responsible for the vehicle?
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Related questions

Can you finance a car for someone else?

Yes, but you are responsible for that loan until paid or transferred.

If you are a cosigner for someone and they default on the payments and the cosigner pays the debt off can you have the past due amount removed from your credit report?

No, you signed, you are equally responsible for the payments, you are also equally responsible for what happens with regard to default. This is why the lender permitted you to sign as a co-securer of the original loan.

Where can someone find a Finance Lancashire online?

Someone can find a Finance Lancashire online by visiting the website that offers this finance. The site "lancs ac" is where you can find a Finance Lancashire.

Can someone lease a car and someone else make the payments?

Yes, all the bank cares about is that someone is making the payments.

What does it mean when someone assumes presidency?

They become president!

If I were to Cosign for someone so they could get a car what happends What is my obligation then?

You could be held liable for the payments if the other party defaults. Your signing the contract is "insurance" for the lender that payments will be made, and they will consider you responsible if the primary party defaults.

What is a enterprenuer?

someone who organizes a business venture and assumes the risk for it

What is enterprenuer?

Someone who organizes a business venture and assumes the risk for it

If someone hasn't paid child support for 3 years due to drug abuse and is now willing to make payments on arrears and continue current payments will they serve time in jail?

I doubt they will to jail for non-payment of child support -especially if they are willing to make payments on arrears and continue current payments. Sounds like they are starting to do the responsible thing.

How can one get someone to take over car payments?

The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.

A person has a car and cannot afford it anymore and wants his friend to have car and take over the payments. However his friend lives in a different state. What state does the insurance have to bein?

Which ever state the driver lives in. But more important, the friend needs to have the car titled in his name. I sell cars, and have for 15 years. I can't tell you how many times I've seen people's credit ruined by trusting someone else to make their payments. Guess who is responsible for late payments or a repo? Not to mention the friend being in a car accident and someone gets hurt. Get your friend to get his own finance company and sell the vehicle outright.

What it is the verb form of financial?

The verb form of financial is finance. As in "to finance something or someone".

What is adoption about?

Adoption is a process in which someone assumes the legal responsibility of parenting a child who was born to someone else.

Can a company that is not a finance company charge interest and finance charges to someone it has lent money?


What is a high credit score rating?

A high credit score rating means someone is in good standing credit wise. They are prompt in payments and always pay payments in full. A good credit score is sought after by many people, because its a mark of a responsible person.

How do you finance a tournament?

you dont. get someone else to do it.

What happens when two people sign for a loan but only one is on the deed?

Whomever signs on the dotted line is responsible. So in this case, both people are responsible for the loan being paid regardless of who is on the deed. In fact, the deed can be transferred or deeded to someone else altogether, but the 2 individuals who took out the loan are still responsible to make sure payments are paid and who will ultimately be affected if payments are not paid. The property is only collateral for the loan.

Where can one watch finance news?

There are many channels that someone can watch finance news. One of the most watched finance channels is CNBC. There is also a Fox Finance Channel.

What is an 'enterpriser'?

Entrepreneur: someone who organizes a business venture and assumes the risk for it.

What enterprenuership means?

(entrepreneur) -Someone who organizes a business venture and assumes the risk for it.

In the wife's lament the wife assumes her husband is now?

Married to someone else

What is the verb of financial?

The verb of financial, as long as it is used in the right context, is finance. As in "to finance something or someone".

What is the verb form of the word of finance?

Finance can already be used as a verb in the right context. For example "to finance something or someone" is an action and therefore a verb.

What if you have a car loan and have an accident and bank or insurance didn't make sure you had full coverage?

When a person finances a car, proof of insurance is required, a buyer has about 24 hours to let his insurance company know about his car. In the event that car buyer stops making insurance payments the finance company is almost immediately notified and your car finance agreement charges the buyer a higher monthly payment for "single interest" insurance. That is where the finance company is reimbursed if vehicle is damaged, to protect their interests but not the buyer's. They can then at least get it fixed, and sell to someone hopefully more responsible. They have this stuff all figured out.

Does finance mean to save?

No. As a noun it can refer to money that someone or an organisation/business/government has. So a business can have finance. As a verb it can mean to give money to help a business, like making an investment. So someone can finance a business.