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AnswerMany banks will loan money on newer model cars which are paid off and the owner is in possession of the title. How much depends on the year, make, model, miles and condition of the car. This is probably your best choice since the interest rates are very reasonable (if you have good credit).

There are also title loan establishments that will loan money on car titles, although the interest rate is higher and the terms (the length of the loan) are often very short.

American General Finance loans money on cars that are owned outright. Their interest rates are better than title loan establishments, but worse than a bank loan.

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โˆ™ 2014-04-18 20:58:24
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Q: Where can you get a loan against a car that is paid for and it has a clear title?
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Can you sell a vehicle if the cosigner refuses to sign off on the loan?

The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.The loan must be paid before you can transfer title to the car.


You paid your car loan off can you sell it while waiting on the title?

No, you cannot sell a car without a clear, lien free, title. Wait for the clear title or you are asking for problems.


Do you get the title to your car if you have a loan on it?

No. You don't get the title to your car until any loans against it are paid in full. <><><> In several states, you will get a title document- but it will show the loan company or bank as a lienholder. That title cannot be transferred to someone else until the lien is satisfied (loan paid off)


How do you get title transferred in your name if there is a lien on the property?

The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.The lien must be paid in order to clear the title.


Can I get my name off the title and loan of my ex-son in law's van if he still has a loan on the van?

The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.


Bought a car out of state but loan is with your bank Who receives the title?

The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.


If a car was paid for and then you took out a title loan against it for twice the vehicle's value can the title loan company repossess it?

Why would they NOT be able to repo a car they purchased the title to? READ your contract.


What are your rights as the owner of a car if car company signed the title over to you with a letter stating that the loan is satisfied and car is paid off by mistake in Texas?

Legally, if you received any notification fro the lender that the loan was paid in full, and you received a clear title from the lender, the loan is paid in full and you have a clear title. Ethically, you may have problem. Morally, you may need to work with the company to correct the error.


How do you clear your title from ford motor credit?

If you have paid the loan off call Ford Motor Credit and ask for a lean release on the title. Then take the lean release to your local DMV and they will clear the title.


Can you sell your car before the loan is paid off?

Yes. Be sure the buyer knows that the title is not free and clear. When they pay you, pay off the loan, wait for the title, and sign it over to the buyer. Don't hand over the keys until they have the title. You can give them a bill of sale as a receipt that they paid, but that is all they get until the title arrives. You are liable for their injury if they get into an accident before you sign the title over to them. You will have to pay off the loan or have the loan assumed. You wont be able to sign over the title since the loan company holds it until you have paid off the loan. If the loan was a personal loan you have the right to sell the vehicle whenever you like however you will still need to make payments or settle the outstanding balance. If the loan was secured against the vehicle you will nedd to arrange with the finance company to settle the balance before tittle is handed over.


When getting an auto loan, is the title different in California than paying cash for a car?

Yes, taking out an auto loan means that there is a lienholder on the title of the vehicle. Once the loan is paid off, the lienholder is removed and it is owned free and clear.


Can you go to jail for title loan?

Can u go to jail for now paid a title loan


Can you scrap your car if it has a loan on it with out going to jail?

You can do anything you wish with the car if you have clear title. But in most cases the title has the loan holder's name on it. They have to be paid off before you can dispose of the vehicle. You may not go to jail, but you are still liable for the remainder of the loan.


If you moved to another country but still have a car loan can you refinance that loan in someone else's name?

The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.


How do you get your car title from Bank of America?

The only way to get your car title back from the Bank of America is to pay of the loan that the title is collateral for. If the loan is paid off, they will send you the title in the mail.


How do you get a clear title when loan is paid off?

Usually, when you make your last payment, the financing company will send you a document indicating the loan is paid in full and that the lien on the title may be discharged. You take your title documents to the motor vehicle office along with the discharge papers to prove that the ownership papers may now be issued without the notification that there is a lien on the car. The motor vehicle office issues a "clean" certificate of title. You now have clear title.


CAN I GET A LOAN AGAINST MY CAR IF ITS NOT PAID FOR?

No, because, until you get it paid off and hold the title, it's not actually your car, per se - the lawful owner is the lienholder.


How do you get the title after the loan is paid in full?

Lender should supply after note is paid


How do you get a payoff citibank auto loan letter The loan was opened Nov.1996 and was paid off in 1997?

I need to clear the title on my pontoon boat that was paid off in 1995. I have a copy from NBD Loan Office with a stamp saying it was paid but Michigan Secretary of State says I need a letter from NBD.


Can your wife sell your car if she co-signed on the loan?

She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.She can if she is listed on the Certificate of Title as an owner.However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.


Can you sale the car without the loan cosigner's permission?

If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.


Can you get a new title in your name if previous owner never paid for title loan received and then died leaving it to you and title loan comp has original title still?

no you need the tittle


How would you obtain a new title for a recently purchased vehicle?

If the car is paid off, you can probably get the title at the Department of Motor Vehicles. If the car is not paid off, the bank that holds your loan holds the title until the loan is satisfied.


Can you take a loan against condo that is paid off?

If you are talking about accepting a loan secured by real estate you should get expert advice to make certain the loan documents are drafted properly for your jurisdiction and that it grants you the right to take possession in the case of a default. The title should be examined to make certain there are no other outstanding liens that would be senior to yours. The signed and notarized documents should be signed by all the owners of the property and recorded in the land records.


Can you put your car you paid cash for in bankruptcy if i went to get a title loan on it?

no