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What else can I help you with?
Can someone purchase a vehicle then register that vehicle to someone else but continue to pay for the loan?
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
Can someone take over car payments in a vehicle sale in Texas?
Yes
Are you responsible if someone parked in front of you left a note on your car stating that you hit their back bumper?
Only if it can be proven that your vehicle hit their vehicle.
How do you get rid of a vehicle with negative equity?
Let someone else take over the payments.
What can you do if someone owes you money on a vehicle and you have an open title and a promissory note?
If someone owes you money on a vehicle and you have an open title and a promissory note, you can take a few steps to recover the debt. First, you should contact the borrower to discuss the situation and attempt to arrange a repayment plan. If that fails, you may consider sending a formal demand letter outlining the amount owed and any potential consequences for non-payment. As a last resort, you could explore legal action or repossession of the vehicle, depending on the terms of the promissory note and local laws.
If someone made payments to purchase vehicle and to pay remainder of balance when picking up the vehicle then changes mind is there a refund owed on payments?
No. You are not entitled to a refund if you made payments toward the purchase of a vehicle. In truth, if you signed a contract to purchase the vehicle, that vehicle is now secondary to the contract, you could still be held responsible for the balance of the loan, whether or not you still have the vehicle.
When someone assumes your finance payments are you no longer responsible for the vehicle?
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
What laws govern tow yards when releasing a vehicle with a promissory note?
Not enough information is given. Promissory note for WHAT? To pay the towing bill? To prove ownership of the car? Is the towing company asking YOU to sign a promissory note? Re-word and re-submit the question.
Can a car dealership sell a vehicle if I have placed a deposit on it?
Yes, a car dealership can sell a vehicle even if you have placed a deposit on it, unless there is a specific agreement or contract stating otherwise. Placing a deposit does not always guarantee that the vehicle will be held exclusively for you. It is important to clarify the terms of the deposit with the dealership before making any payments.
How do you take over the payments of a vehicle?
You must talk to the lender who has a lien on the vehicle. It is up to them if you will be allowed to take over the payments.
How does one let someone take over your 2006 Ford Escape payments?
Contact the lender. They wil have to agree to this. After all they hold the lien to the vehicle, and legally it is their vehicle until you pay fo it.
If the bank sent you a title without a lien holder on it can you stop making payments on the loan and keep the car?
Your obligation to repay the loan is based on the promissory note you signed, and has nothing to do with a lien on the vehicle. Without a lien on the vehicle, the lender will be unable to repossess the vehicle, but they can still collect on the debt. They can also impose substantial penalties. Without a vehicle lien as collateral, most lenders will convert your auto loan into a signature loan at an interest rate of 12% or higher.
