wHY WOULD THAT BE AN ISSUE IF YOU HAVE A CLEAR TITLE?.
if you auction the car off and it sells for less you owe the lender you must pay the differenceif it sells for more then you owe the lender nothing
No of course not car registration is the state that has nothing to do with your bank or lender one has nothing to do with the other
Sell it privately for what you owe on it.
Hell yea
how do you find out if the owner still owe a finance company on the car you are buying?
Yes - you still owe for the dent.
You owe the difference in what the car sells for and the balance on the note.
Then you still owe the bank.
My car is in the impound, i still owe 7,000.00 the impound put a lean. Will the finance Co. take me to collection?
not if you still owe money on it
yes, even if you still owe money on your current car
Lets say your financing a brand new car. You owe $25,000 on it and when it gets reposessed you still owe $18,000. The reposession company will sell the car and that gets subtracted from what you owe. Lets say they sell it for $7,500. So they would subtract $7,500 from $18,000 which means when all is said and done, you still owe $11,500 on the car.