they h ave to get a loan to pay off your loan and free up the title and then it will be in their name.
For someone to take over the payments they must essentially get a new loan for the payoff amount in their name. This new loan will pay off your loan and will make thir payoff amount higher than yours.
Renegotiate the loan with the lender. Sell the car to someone else or have them take over the payments. The very last thing you want to do is default on the loan.
You have to sell the car. If you give it back, it will still look as a repossesion...a voluntary repossesion. You do not want someone to take over the payments,as there is no guarantee that the payments will be made on time. Sell the car or try to refinance the balance, it is the only way. Good Luck..
To sell a car to someone who wants to make payments, you can consider offering a payment plan or financing options. This allows the buyer to pay for the car in installments over a period of time, making it more affordable for them. Make sure to outline the terms of the payment plan clearly and have a written agreement in place to protect both parties.
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.
You can visit a company like mystructuredsettlementcash to sell annuities and structured settlements. They have lists of buyers to take over your annuity payments.
Sell the house and cash in.
Some individuals may decide to sell their annuity payments for cash to meet current financial needs. These needs may include: lump sum investments, family vacation or a large purchase.
You can sell it but you need to obtain enough to pay off you creditor so you can obtain title and change it over to new owner.
Current account convertibility means freedom to buy or sell foreign exchange for the entire trade purposes.(Eg: buying and selling of goods,interest payments etc...)
Yes, you can sell a car on finance by allowing the buyer to make payments over time with interest until the full amount is paid off.
Yes, if the lender approves of the transfer of the loan.