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It is best to have the person buy the vehicle off you straight out. Then in turn, with the money you receive from him/her you pay the remainder of the loan. It gets too complicated for someone to take over car payments and you sure don't know this person. They could well leave the country and leave you holding the bag.
Good luckMarcy
What else can I help you with?
If you make monthly payments can you be turned over to collection?
no you can not
Can a cosigner take over a car loan if the primary borrower is unable to make payments?
Yes, a cosigner can take over a car loan if the primary borrower is unable to make payments. This means the cosigner becomes responsible for making the payments on the loan.
How can one make payments for their HSBC mortgage?
You can make payments to HSBC for your mortgage very easily by visiting their official website. You can pay there with no extra charge. You can also make your payments over the phone or through the mail, although these methods may have additional surcharges.
How to work out loan repayments effectively?
To work out loan repayments effectively, calculate the total amount borrowed, the interest rate, and the loan term. Use a loan repayment calculator to determine the monthly payments. Make sure to budget for the payments and consider paying extra to reduce the total interest paid over time.
Can a cosigner take over a car loan?
Yes, a cosigner can take over a car loan if the primary borrower is unable to make payments. The cosigner would become responsible for the loan and would need to make payments to avoid default.
Are you interested in purchasing a car through a selling car on payments contract?
Are you interested in buying a car through a financing plan where you make payments over time?
When a lender takes over ownership of a property from an owner who has failed to make loan payments?
Foreclosure.
How to overpay mortgage payments to pay off the loan faster?
To overpay on your mortgage and pay off the loan faster, you can make additional payments towards the principal amount of the loan. This reduces the total amount of interest you will pay over time and helps you pay off the loan sooner. Contact your lender to ensure the extra payments are applied correctly to the principal.
How do you deal with stranger anxiety?
It is not uncommon to have some anxiety when meeting a total stranger especially if it is one on one conversation or one sided. If you are in a group and there is a stranger there and they try to make conversation with you then you are safe because your other friends of there. It is far wiser to be suspicious of strangers and have a little anxiety over it rather than trust every stranger you meet. If you obsess over it and think every stranger you may meet at a party or some social event is a danger to you then you need to engage in conversation with them if they start the conversation and stay with other people at the social event so you will feel safe. Many people are strangers before they become friends or lovers.
Took over car payments can they take it back even if i made car payments on time?
I assume you took over the payments after the other owner missed payments. If you are caught up on all the payments then there would be no reason for them to repossess the vehicle. You need to contact the lender ASAP to make sure everything is fine. Failure to contact the lender may create a bad situation.
How can I take over car payments from the owner?
To take over car payments from the owner, you will need to contact the lender to see if they allow for a transfer of the loan. If they do, you and the owner will need to agree on the terms of the transfer and complete any necessary paperwork. It's important to make sure you can afford the payments before taking over the loan.
What does Total Payments and Deferred Amounts mean?
Total Payments refers to the total amount of money that has been paid or is due to be paid for a specific transaction or over a specified period. Deferred Amounts are payments that have been postponed to a later date, often due to an agreement between parties. Together, these terms help in understanding the financial commitments and cash flow implications of a contract or agreement.
