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Is it possible to sell a car that you are currently making payments on?
Yes, it is possible to sell a car that you are still making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the new buyer.
Is it possible for me to sell a car that I am currently making payments on?
Yes, it is possible to sell a car that you are currently making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the buyer.
Can you sell your car with payments left on the loan?
Someone cannot sell his car if there are still some pending payments on a loan. It is however possible to enter an agreement with the financier so that the remaining payments can be financed by part of the proceeds from the car sale. An extra interest payment may be charged for that.
Who holds the collateral in a loan with collateral?
Normally, unless it is a sort of pawnshop or personal type of loan, you the borrower hold the collateral. For example, if you get a loan on a vehicle, you have possession of the vehicle as long as you are making payments as agreed. If you stop making the payments, the one to whom you owe the money (the lien holder) can take possession of the vehicle, sell it, and you would be responsible to pay the difference between what it is sold for and the amount you still owe, if there is a difference.
What do you do if you owner financed a home and now the owner is not making payments and the mortgage company is going to foreclose?
You have to make the payment, but you also need to start forclosure yourself. Get the property back and sell it again.
Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
Is it possible to sell a car that you are currently making payments on?
Yes, it is possible to sell a car that you are still making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the new buyer.
What can you do with a car that is broken down and still has payments owing?
You can pay it off and sell it, or you can get it fixed, or you can just let it sit there and keep making payments on a car you can't use.
Can you sell a car you are making payments co-borrower?
Co-borrowers would both have to agree to sell and sign the paperwork to sell a car you are making payments on. This could not legally be done by one person.
Do you need a title to sell your auto?
If the vehicle is paid off yes...If you are still making payments and you want to sell to an individual you will need to talk with your lienholder. If you are selling to a car dealer they will handle it for you.
Is it possible for me to sell a car that I am currently making payments on?
Yes, it is possible to sell a car that you are currently making payments on, but you will need to pay off the remaining balance of the loan before transferring ownership to the buyer.
Can you sell your car if you are making payments?
Yes as long as you pay off your loan.
Can a repair shopin Wisconsin sell a vehicle if im still making payments on it and it still has a lien on it.the repair shop chareged me for storage that i could not afford and turns out they sold it?
Yes, after a certain amount of time they can post it for sale and then if it doesnt sell they can go about getting a title then really sell it.
If you give your manufactured home back to the bank are you still responsible for the payments?
You may be responsible for the difference in what you owe on the home and what the bank is able to sell it for. You are not still responsible for the payments.
What do you do if you can not afford to continue making the car payments on the totaled car while making payments on the new car loan?
Sell the newer car and buy something cheaper. It's a bad idea to default on a loan and screw up your credit. Sounds like you overextended yourself financially!
How can you get rid of a your car when you still have payments?
Sell it or trade it in. Then take the proceeds to pay off the loan.
If the bank repossess your car do you still have to pay your car payments?
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
