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Can you put child's name on car title that is financed?
Yes. And as long as you are the Co-Borrower paying the loan to the bank.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Average amount financed for new car?
What is the average amount financed in an auto loan
How can I go about selling a financed car privately?
To sell a financed car privately, you will need to first determine the payoff amount of the loan. Then, you can find a buyer and negotiate a price. Once you have a buyer, you can arrange for the sale to take place at a location where the buyer can pay off the loan directly to the lender. After the loan is paid off, the lender will release the title to the buyer, completing the sale.
What is a title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Can you register a financed car in someone else name?
no. not unless the lender allows you & it won't. you would have to sell the car, pay off the loan & then transfer title. all at the same time.
How can I sell a financed car to a private party?
To sell a financed car to a private party, you need to first check with your lender to see how much is left on the loan. Then, you and the buyer can agree on a price that covers the remaining balance. The buyer can pay you directly, and you can use that money to pay off the loan and transfer the title to the new owner.
How long does it take to get a car title after the car is paid off in NC?
That depends on the lean holder. You may need to get a letter stating the loan has been satisfied and get a title from DMV yourself. If it was financed through Toyota Finance get the letter because you'll never get the title.
What happens if you Car title loan in default and car is totaled?
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
What is Title loan?
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Can a car be financed in my name but registered in someone else's name?
I think you could only do something like that as a cosigner, because the loan originator will put a lien on the title that will have to be settled before the car can be sold or transferred.
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.
