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To privately sell a car with an outstanding loan, you can either pay off the loan before selling or work with the buyer to transfer the loan to their name. It's important to communicate with your lender and the buyer to ensure a smooth transaction.

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6mo ago

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What is the difference between the principal balance and the outstanding balance on a loan?

The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.


What is the difference between the outstanding principal balance and the payoff amount on a loan?

The outstanding principal balance is the amount of money you still owe on a loan, while the payoff amount is the total amount needed to pay off the loan in full, including any interest or fees that may have accrued.


Can you withdraw money age 595 if you have an outstanding loan on your 401K and still working for employer?

Typically, you cannot withdraw money from your 401(k) at age 59½ if you are still employed by the company sponsoring the plan, especially if you have an outstanding loan against it. Most 401(k) plans restrict in-service withdrawals while you are still employed. However, some plans may allow for hardship withdrawals or loans to be repaid, but this varies by plan. It's essential to check your specific plan's rules or consult with your HR department for clarity.


How can I sell part of my land while still having a mortgage on the property?

To sell part of your land while still having a mortgage on the property, you would need to get approval from your mortgage lender. This typically involves paying off a portion of the mortgage with the proceeds from the land sale or adjusting the terms of the mortgage to reflect the new property boundaries. It's important to consult with your lender and a real estate attorney to navigate this process effectively.


How can I start over in Quicken without losing my accounts?

To start over in Quicken without losing your accounts, you can create a new data file while keeping your existing accounts intact. This allows you to begin fresh while still having access to your previous financial information.

Related Questions

Can a parolee join the navy?

You cannot join the military while still on parole or probation, or if you have any outstanding fines.


What is the difference between the principal balance and the outstanding balance on a loan?

The principal balance is the original amount borrowed, while the outstanding balance is the amount still owed on the loan after payments have been made.


Can you take a pregnancy test while you are having your period and it still be accurate?

If you are having a period you cannot be pregnant


What is the best contract phone website that offers low prices?

Verizon, AT&T, and T-Moble all offer reasonably priced contract plans while still having outstanding service. In many cases when you sign up for a contract plan you can actually get the physical phone for free.


If your girlfriend wants to break up but you still love her deeply is it possible to be best friends while still having these feelings for her?

NO


Is outstanding a noun?

No, the word 'outstanding' is an adjective, a word used to describe a noun as exceptionally good, or to describe something as due.Examples:The soloist gave an outstanding performance.The outstanding amount can be paid over time.


Who privately owns the district if Columbia?

The District of Columbia is not privately owned; it is a federal district created by the United States Constitution. It is governed by both the federal government and local officials, with the U.S. Congress having ultimate authority over it. While residents of D.C. can own private property, the land itself is owned by the federal government.


Can you get pergant while on your period?

Yes when having sexual intercourse you can still get pregnant so be careful


What is the difference between the outstanding principal balance and the payoff amount on a loan?

The outstanding principal balance is the amount of money you still owe on a loan, while the payoff amount is the total amount needed to pay off the loan in full, including any interest or fees that may have accrued.


What is the oldest still updating privately and individually owned website?

The oldest still-updating privately owned website is believed to be "Symbolics.com," which was registered on March 15, 1985. It was originally created for Symbolics, a computer manufacturer, and has been maintained ever since. While it primarily serves as a historical artifact, it continues to be updated occasionally with new content, making it a notable example of longevity in web presence.


If you are in the coast guard can you buy your own gun?

You can privately own firearms while you're in the military. You can't use a privately owned firearm as your service weapon, however.


Can you still take Primolut while having your period?

Primolut N is usually taken to postpone a period.