No!
Of Course! That's what the bank/finance company does!
To ALL the names on the title AND the bank/finance company that holds a lien.
Who ever is holding the title as collateral for a loan. The bank or finance company typically.
you took a loan to finace the car from the dealer- the bank holds the title to your car- you are the owner and respondsilbe to pay the loan or the bank or fiance companmy can reposses your car
Ask to see the title of the car... the seller must sign over the title to sell the car. The financing bank will hold the title until a loan is paid off, at which time the title transfers to the owner as proof the car is paid off.
You can get a bill of sale, which only entitles you to possess it. You can't get it registered without the title. If you're buying a vehicle with "no title" or "lost title", you may have a car with a large lien from a bank or finance company on it.
no,you should have title.
Yes. the title to car car remains with the bank or finance company. Legally they can take possession for lack of payment at any time regardless of your wishes.
Sure. Have owner "order" title to local financing branch. Meet owner at bank, exchange funds and get title. Or, pay the owner amount over the payoff and pay bank or finance company the pay off. Get a power of attorney signed by the owner which will give you permission to sign their name on title. Most reputable car dealers can give additional info on title laws in your state
Yes. When you finance a car, your name isn't on the title.
Banks offer car loans and car leases as options for car finance. To apply, you can visit a bank branch, apply online through the bank's website, or contact the bank's customer service for assistance. You will need to provide personal and financial information, such as your income, credit history, and the details of the car you want to finance. The bank will then review your application and determine if you qualify for the car finance option.
Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.