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You want to sign the title of your financed car over to your brother but how does the transferring of payments work?
Wiki User
∙ 16y ago
Firstly, you cannot 'sign the title' over to anyone if you do not own the car free and clear. The lending institution has the original ownership title and you must have their permission to sell, as you are not the legal owner.
As is usually the case in matters like this, the lending agency may require that the new owner refinance the loan. Check all the fine print in the original contract - sometimes it allows for the new buyer to assume the loan, and other times not.
Wiki User
∙ 16y ago
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You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
How do you transfer car title when the car is financed with a different owner but I make the payments on the car?
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
Can the cosigner repossess property other than a vehicle if the primary debtor is not making payments?
No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.No. The co-signer has no power of "repossession" unless they are on the title of the financed property. In that case they can "take possession" of the property and pay the loan.
Can I legally sell my car before I have paid for it?
No you can not. I would assume that whoever you have it financed through still has the title. You cannot sell the vehicle until the title is in your name. The person that you are selling it to may pay you what you want and then take over the payments if your financial institution allows it.
Do you need to have insurance on a car when transferring the title?
No
Can you get a title loan on a financed car?
Legally, NO !!! can you, sure!! LOL
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 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.
Sample of letter request for transferring of land title?
yes
If you are on the title with the primary buyer can you get the car and not make payments?
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
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.
