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Yes, you can sell a car with a loan attached. You must pay off the loan with the money you receive in order to have a clear title or you must get someone to take over your loan.
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∙ 9y ago
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Can you sale the car without the loan cosigner's permission?
If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.If they are not on the Certificate of Title you can sell the car. However, generally, the Title is held by the lender until the loan is paid off. You cannot sell a car without the Certificate of Title.
What if you sell the car and you have a title loan out on it?
That's illegal. Technically, if you 'borrow' money against your vehicle, the car becomes the property of the loan company until you've repaid the loan. If you sell the car before the loan is repaid, you're likely to land yourself in court !
Can you sell a car that has a title loan against it?
Yes i can
How do you sell a car without the pink slip when still owing money on the car?
You can't sell it. You don't own it. The bank or loan company owns the car. You need their permission to sell the car and transfer title.
What do you do if you can no longer pay a car loan in Texas?
Sell the car for the price of the loan. If you can't get that price out of it, then talk with the bank about your options.
How do you sell a car that you still owe on that is damaged?
If you can get enough out of the car to pay off the loan then just sell it. If you are upside down on the loan, they that presents a real problem. You may have to just sit on the car until you pay off enough of the loan to be able to sell it an get enough to pay off the loan. You could also sell it and take out another loan that will cover the deficiency, but that may not be a good decision if you are financially strapped.
How do you sell a car when you still owe money?
If the car is worth less than you owe on it, you can try to get an unsecured loan from a local credit union or a local bank. You could also try to ask whatever financial institution has your car loan for an unsecured loan for whatever the car doesn't bring when you sell it.
You helped a friend get a car in your name only Now he has given the car back to you because he was able to get a car in his name after having a credit wipe What can you do?
Sell it? Keep it? It's in your name. Do whatever you want with it. If there's a loan on it, and the car's worth less than the loan, you'll have to eat the difference if you sell it. If the loan is in your name you have to make the payments. You could let it be reposessed, but the loan company will sell it and come after you for the difference in what they get and what you owe. Never buy a car for a friend.
What to do if you can no longer afford to continue your car loan payment?
sell it and get a moped.
How do you get rid of car payments and financing?
Either pay off the car loan in full or sell it.
Can credit union hold title on car if car used as collateral and loan is default?
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
How do I get the car loan out of my name when I sell it to some one?
You cant. The loan in your name must be paid off by you. So if you plan to make any money off your car you will want to sell it for more then what is still owed.
