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What else can I help you with?
Can you sell a car and hold the title for collateral?
Of Course! That's what the bank/finance company does!
If you are the primary signer on the car's title and on the insurance who should the check be made out to if you total your car?
To ALL the names on the title AND the bank/finance company that holds a lien.
Who is the lienholder in car buying?
Who ever is holding the title as collateral for a loan. The bank or finance company typically.
Bought a car now told its on finance Am i the legal owner?
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
How do you know if a used car is under finance?
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.
Can i Buy a car with no papers?
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.
If you are making payments to the bank for your car does the bank have your car title?
no,you should have title.
Can YOUR car be repossessed when you object?
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.
If a car has finance on it can you still buy it?
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
Can you register a car without being listed on the title?
Yes. When you finance a car, your name isn't on the title.
What are the options available for banks car finance and how can I apply for it?
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.
I am thinking of buying a car from a seller who still has loan payments. How can i be sure i will get the title from him after i pay the finance company?
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.
