0
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.
What else can I help you with?
Who is responsible for the insurance if a car is financed in your name but your sister is making the payments and driving it?
If the car is in your name then you are responsible for everything. If she wrecks it and is at fault, the person that she hits is going to go after you because the car is in your name. But she is the one that needs to be paying for the car insurance. call a insurance company they will help you,
Can timeshares be financed?
Certainly timeshares can be financed; the companies which sell them do it all the time. On the other hand, finding a lending institution, such as a bank, or some other lending institutition to finance the timeshare is sort of like trying to find a bank to finance a piece of real estate on the Moon. Timeshares are profoundly illiquid. Purchasing a timeshare interst is easy; selling it is much more difficult. Getting some company other than the company which originally sold it to the buyer to finance the purchase is really difficult. (Obviously, the paper can be transfered to another company which basically collectes for the probable original vendor.) There are rare cases where timeshares are being financed. Usually, owners look for lending institutions to financed their timeshares. Yes, it can be financed. Some owners go to banks if they have a good credit history.
If you sell your car after using it as collateral on a loan can you be prosecuted?
You could go to jail for selling a car that you owe money on. Felonies are different in different states. Call a local attorney and ask for a free consultation. If it is a felony in your state, you're gonna NEED an attorney.
Where can one go to learn about buying and selling?
Buying and selling is a very broad topic that likely refers to buying and selling stocks. One can learn about buying and selling stocks from many sources including Investopedia and About - Stocks.
How can I go about selling a car in Indiana to a private party?
To sell a car in Indiana to a private party, you need to gather all the necessary documents such as the title, bill of sale, and maintenance records. Then, advertise the car online or in local classifieds, meet with potential buyers for test drives, negotiate the price, and complete the sale by signing over the title and transferring ownership at the Indiana Bureau of Motor Vehicles.
Can you go to jail for selling financed farm equipment?
Yes sir! or no sir! If you paid off the finance co. after the sale???
Your financed car breaks down and is not worth fixing what should I do?
You will have to weigh the costs of having a car repair verses financing a new car. Financing another automobile may cause your insurance rate to go up and increases your monthly payments. However, if it is unreliable you may consider selling the old car to a junk yard.
How do I go about selling my old car?
In selling an old car, you should take note all the information and details of your car. And in giving price it should be defend on the model of your car.
Can a car lot take back a car after you signed a contract with them they say the loan was not financed?
Yes. You expect them to let you keep the car without paying for it. Go out and get you own financing.
Do you go to college to be a car dealer?
Selling cars (or selling things in general) does not require a college education.
I am thinking of buying a new car and am seeking your advice Do you think that I should sell my old car privately or should I trade it on the new one Which method would give me the better deal?
You should definitely sell the car privately. Dealerships will rip you off. Try using a website like craigslist.com, upillar.com, or oodle.com to sell your car. Also put a for sale sign or stickers on your car that has the price and your phone number. Then once you've sold the car use the same websties as above to find the best deal. Once again do not go to a dealerships because they will only rip you off when selling or buying a car.
Where can one find a cheap used car for sale?
You can go down to your local car dealer to see if he has any used cars for sale or you can go to a car auction. Or you can buy used cars privately online from used cars sites.
How do you transfer car title when the car is financed with a different owner but I make the payments on the car?
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
Your mom is selling you her car what is the best way to go about that?
In some states she can transfer her car to you with no tax payments. Contact your local DMV about this.
Will you go out with me Cynthia?
Ask her privately.
Can you go to jail for selling financed equipment?
Selling financed equipment without the lender's permission may lead to legal consequences, including civil liability and potential criminal charges for fraud or theft. Depending on the circumstances, a person could face fines, civil penalties, or even imprisonment if found guilty. It is important to always adhere to the terms of any financing agreements to avoid legal trouble.
Who is responsible for the insurance if a car is financed in your name but your sister is making the payments and driving it?
If the car is in your name then you are responsible for everything. If she wrecks it and is at fault, the person that she hits is going to go after you because the car is in your name. But she is the one that needs to be paying for the car insurance. call a insurance company they will help you,
