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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.
What else can I help you with?
Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
Can you sell a car you are making payments co-borrower?
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.
If I have a car loan with sister we are both on the title as owners can she take your car and sell it can you file a civil suit to remove her name since i am making the payments?
Keyword here is someone is still making payments, right? If someone is making payments then the owner of the car is the lending agency, not either of the two 'registered' owners. If this be the case, nobody can sell this car without the written authorization of the lending agency. Doubtful that either party could sell the car without having clear title to it ... the actual legal ownership document without the lien holder information. The only way to remove the other party from the title is for both parties to go to the local motor vehicle office and handle this matter.
Is it possible for me to sell a car that I am currently making payments on?
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.
Is it possible to sell a car that you are currently making payments on?
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.
Can you sell your car if you are making payments?
Yes as long as you pay off your loan.
How do you sale a car on payments?
Very bad idea. Never, ever, sell someone a car and let them make payments to you. If they cannot get a loan from a bank or financial institution this proves they are not a good credit risk. You may end up not getting any money and then having to go through the legal hassle of trying to repossess the car. Sell the car to someone who can pay you cash.
How can I sell a car to someone who wants to make payments?
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.
Is it legal to sell a bought airsoft sniper?
It all depends on the country where you live. In the USA it's legal to sell it to someone else.
Is it legal for car dealers to sell overpriced cars?
It is legal to sell nearly anything at a price someone is willing to pay, high or low.
What can you do with a car that is broken down and still has payments owing?
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.
Can you sell your car with payments left on the loan?
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.
