0
It depends on the state. In many states, the bank or financial business that gives the loan holds the title. Where I live, the owner holds title and the title shows a lien held by the financing institution.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Average amount financed for new car?
What is the average amount financed in an auto loan
who holds the title?
who holds the title?
What is the auto lease address?
Depends on who you financed it through.
What is the difference between a normal auto loan and a title auto loan?
With a title auto loan, your vehicle has already been paid off and you are using it as collateral for a new loan sometimes referred to as a cash advance. A normal auto loan is dedicated to the new or used vehicle and the funds normally are not used for anything else unless financed within the loan ie. warranty.
Can a dealership file repo on you if you didn't make a down payment?
If the dealership holds the title (Buy Here, Pay Here) then yes. If the bank you financed it with already has the title and you have your tags, then no. The dealership can, however, place a judgment on you for the amount of the down payment.
Can you get a title loan on a financed car?
Legally, NO !!! can you, sure!! LOL
Cosigning for auto loans i am the primary on my sons auto loan he is behind and I have the title but do not know where the car is how can I get it back?
I do not understand how you can be in posession of the title when the vehicle is financed. The vehicle title is alwaysheld by the finance company until all payments are made and the loan balance is paid in full.As for locating the vehicle you will need to talk to your son, or let the finance company repo experts locate it and get it back then.
Can a salvaged title car be financed?
Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
Is the title considered clear if the vehicle is financed through a bank?
A clear title is a title that has no financial obligation against it; therefore a title held by the bank is not a cleared title.
How to sell a motorcycle when Harley Davidson holds the title?
Disclose to purchaser that the title is "attached" (held by lean holder). The bike would need to be paid off with the proceeds from the sale. Harley-Davidson (Eaglemark Savings Bank) would release the title to you or they can forward to new lean holder if buyer is having bike financed.
How do you get the title to your Yamaha motorcycle after you pay it off?
Depends on who you financed your bike through. If you financed it through the actual motorcycle dealership than you should give them a call and ask for the title. Same thing goes for a bank.
You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
