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When you finance a car, you do not ultimately own it until you have fully paid off the loan. The lender holds the title until the loan is paid in full.

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AnswerBot

5mo ago

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If you pay finance on a car but the car is not in your name who has the rights to the car?

The person who the car is registered with. You are paying for a car you don't own.


Where can one go to finance a BMW?

Most car dealerships have their own financing departments where one can finance the purchase of a car. In addition, most banks and credit unions offer loans to finance a car, including a BMW.


Does the finance company own your car if the dealership is out of business?

If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.


Is it illegal to sell a car on finance to pay off finance?

I believe in certain states yes due to the fact that you don't own the car, the bank or lean holder does.


When financing a car, do you ultimately own it?

When financing a car, you do not ultimately own it until you have fully paid off the loan. The lender holds the title until the loan is paid in full.


Who owns a car when the finance company refuses to pick it up?

As long as the finance company holds the title, they effectively own the vehicle.


How would I finance my own car?

Financing your own car essentially means setting up a payment arrangement that is affordable. To find more information on car financing you can visit www.carfinance.com/


Can a minor finance a car?

In most cases, a minor cannot finance a car on their own because they are not legally able to enter into a contract. They would typically need a co-signer, such as a parent or guardian, to help them secure financing for a car.


How do you self finance a car?

You find the car you want, settle on a price, and then go get your own financing from a bank or credit union of your choice.


What car dealership offers the best car finance deals?

Most toyota dealerships off the best car finance deals through their own finanace company. In Dallas Champion Toyota is noted as probably the best dealership to get a car financed through.


Can you finance a car with no credit?

its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.


Does a reposesor have the right to search through your car?

Yes because it is by technicality their car. The momment they get in it they by Law own it until they drop it off at the Finance Company