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Yes when you pay off your auto loan the payment should be made to the lender. In fact all auto loan payments should be made to the lender who financed the loan.

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10y ago

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What does it mean to refinance an auto loan?

If you refinance your auto loan you are most likely going to save a lot of money. However most people do not know this. You pay off your current car loan with a refinancing car loan from a different lender.


If an auto loan has been charged off can you still pay payments to the lender and keep vehicle?

Why? If your auto loan was filled with your bankruptsy, you have the auto. I filled Bankruptsey but had not put the car on. If you had the car loan filled within the bankruptsy your done with the loans. wish i would have done that !!


Can you pay off a auto loan early?

Yes you can pay off an loan as early as you'd like.


If you want to pay the auto loan amortization schedule off early are there any early settlement charges?

There are usually no early settlement charges if you want to pay an auto loan off early. There will be charges if you pay an auto loan off later than scheduled.


How can I sell a car that has a lien on it?

If you are selling the car for enough cash to pay off the balance on the loan it is simple. Simply take the buyer with you to the lender and pay off the loan. You will get a lien release that you then take with you and the buyer to your DMV and transfer the car over to the buyer. If you are not getting enough to pay off the loan, then you have 2 choices. Ask the lender to allow the buyer to take over the payments, or pay off the loan with money from another source. You cannot sell the car without a lien release from the lender, so you must talk to the lender.


What kind of loan is an auto loan?

An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.


How do you get ex boyfriends name off joint auto loan?

You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.You need to pay that loan off and refinance if necessary.


Can you pay off someone else's car loan?

Yes, it is possible to pay off someone else's car loan by providing the lender with the necessary funds to settle the remaining balance on the loan.


Auto Co-signer files bankruptcy does primary have to keep the loan?

The loan becomes at worst like a single-signer loan. You are free to refinance or pay it off. Which you were, anyway. The only entity affected by the bankruptcy of a cosigner on a loan is the lender.


How does real estate foreclosure work?

Generally and briefly: You transfer your ownership of your property to a lender in exchange for a loan of money. If you pay off the loan the lender will release its interest in the property. If you don't pay off the loan and stop making payments the lender can take possession of the property and sell it to a new owner in order to get back its initial investment.


How do you cancel a Loan. I want to cancel my loan of 400. How can I do that?

The only way to cancel a loan is to pay it off. The lender owns the loan and you have no control over it at all.


How to qualify fir a loan with a property tax lien ny state?

The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.The lender will require that you pay off the tax delinquencies with some of the proceeds of the loan if it decides to approve the loan. It cannot acquire clear title to the property if there are property tax liens.