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Where can you get a loan against a car that is paid for and it has a clear title?
Wiki User
∙ 10y ago
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.
Wiki User
∙ 10y ago
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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)
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.
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.
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.
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.
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.
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.
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.
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.
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.
