Need payoff for a loan
To sell a financed car privately, you will need to first determine the payoff amount of the loan. Then, you can find a buyer and negotiate a price. Once you have a buyer, you can arrange for the sale to take place at a location where the buyer can pay off the loan directly to the lender. After the loan is paid off, the lender will release the title to the buyer, completing the sale.
To effectively sell a car that you are currently financing, you should first check with your lender to understand the payoff amount. Then, find a buyer who is willing to pay at least the payoff amount. Once you have a buyer, work with your lender to transfer the title and pay off the remaining balance. Make sure to provide all necessary documentation to the buyer and complete the sale legally and transparently.
iwant to know pay off on my car
Line of Credit Payoff When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.
The title opinion is a written statement confirming the ownership rights of the property. Both the buyer and the buyers lender need to know that the seller is in a position to convey the property. Since the attorney prepares the title opinion on the buyers behalf it's the buyer who pays for it. (This would be considered a closing cost on the buyer's side).
You don't need to know what a loan payoff calculator is if you are only 16. It's a good thing to know and understand but it's not a manadtory thing unless you're in school and you need to know that.
To sell a financed car privately, you will need to first determine the payoff amount of the loan. Then, you can find a buyer and negotiate a price. Once you have a buyer, you can arrange for the sale to take place at a location where the buyer can pay off the loan directly to the lender. After the loan is paid off, the lender will release the title to the buyer, completing the sale.
To effectively sell a car that you are currently financing, you should first check with your lender to understand the payoff amount. Then, find a buyer who is willing to pay at least the payoff amount. Once you have a buyer, work with your lender to transfer the title and pay off the remaining balance. Make sure to provide all necessary documentation to the buyer and complete the sale legally and transparently.
How can you possibly expect there to be one answer for a question such as this! First and formost, ask your lender. They ALWAYS know what the loan payoff is.
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Turn it in?? YES sale it to a dealership? YES, IF they pay it off. make payments on the rest?? Maybe, the way to do it is to find a buyer(highest price you can get), subtract what you can get for it from the PAYOFF on the loan, BORROW the difference needed from another source. Then you can payoff the loan, get title to give to buyer, and make payments on a smaller amount that you can handle. This will have to be done with the LENDERs help. Contact the lender and make all the arrangements ASAP after you find a willing and READY (CASH wise)buyer. You will have to convince the lender that you HAVE a buyer and convince the buyer that they will get title,ect to make it work. Good Luck
How else would a buyer know whether or not there was a lien against the property?
payoff phase
If there is a lien on the title to the property, it would have to be satisfied for the seller to give "good and marketable title" to the buyer. I have never heard of a situation where a payoff could not be obtained and anyone was okay with it so I don't think the sellers can "dismiss the mortgage" under an circumstances.
Contact the bank for the payoff amount. Send them that amount and they will send the title. You can then transfer the title to the new owner.
this is when the buyer recognises a problem or a need
iwant to know pay off on my car