Yes as long as you pay off your loan.
Co-borrowers would both have to agree to sell and sign the paperwork to sell a car you are making payments on. This could not legally be done by one person.
No its perfectly legal and if you are still making payments on it, that increases values.
Yes, it is possible to sell a car that you are currently making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the buyer.
Yes, it is possible to sell a car that you are still making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the new buyer.
You can pay it off and sell it, or you can get it fixed, or you can just let it sit there and keep making payments on a car you can't use.
Sell the newer car and buy something cheaper. It's a bad idea to default on a loan and screw up your credit. Sounds like you overextended yourself financially!
To sell a car while still making payments on it, you can either pay off the remaining balance before selling or transfer the loan to the new owner through a process called loan assumption. Be sure to check with your lender for specific requirements and steps to follow.
If your paying for the car, they cannot!
Not as long as the payments are current and have remained so.
If the vehicle is paid off yes...If you are still making payments and you want to sell to an individual you will need to talk with your lienholder. If you are selling to a car dealer they will handle it for you.
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
Yes you can sell it and even have it registered to the new owner, but the lien will remain on the vehicle until its paid. The new owner can make payments to you but if they fall behind it will land on your shoulders. The best bet is to have the new owner pay you the amount of the loan upfront as payment for the car, therefore you pay your loan and they buy their car.