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In the UK a Company called Motability handles this type of finance.
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∙ 19y ago
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Can your car be taken for late payments if you become disabled?
Yes, it is not the banks fault you are disabled. You can conntact you loan company and they may be willing to work with you. But they are not required to change the terms of the loan.
If someone is disabled and therefore unemployed but getting SSDI how can he obtain a person to person auto loan for a used car?
"he' would call local lenders until he found one willing to make a loan based on his CR and expenses and income.
One person car loan and death?
Heirs pay loan or bank takes car.
What is a Straw purchase on a car loan?
A straw purchase is when someone else signs for a car loan but the loan is being paid by someone else. For instance person "a" has bad credit and person "b"does not. Person "a"signs for a loan under the idea the car is for them, but it is actually for person "b." Person "b" then gives the car to person a to drive as their own. Person b is responcable for payments, but hopes person a will make them. This type of loan is not allowed. If a dealer knows this is taking place, they will not sell the car.
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
Can a disabled persons car be seized by police?
I think it can depending on what is happening to that person and the car.
Can you loan a car without the person on insurance?
no
What happens to the car and title if primary person on car loan dies and the secondary person has survived?
The estate has to settle the title. The secondary person can be held responsible for the loan until it is resolved.
The person you cosigned for on a car loan passed away am I still responsible for the loan?
Yes
Which is better dealer or private car loan?
Private. I suggest getting pre-approved at your bank / credit union, and see if the dealer can beat that rate, as some dealers will arrange financing with a local bank. Private party car loan you can say it in other words personal car loan or person to person car loan where individual can get car loan without cosigner help.
Can your disabled parking permit be used in your car onlyor on your sons car when he drives you?
the permit is for the disabled person,not the vehicle. you are allowed to use it for any vehicle you ride in or drive.
If two people are listed on title of car and person on loan defaults is other person responsible?
The car goes back regardless. If BOTH of the two people are on the loan, then BOTH are responsible. But if only one is on the loan then ONLY that person is reponsible.
