I believe in certain states yes due to the fact that you don't own the car, the bank or lean holder does.
Yes, you can sell a car on finance by transferring the financing agreement to the buyer or paying off the remaining balance before selling.
Yes, you can sell a car on finance by allowing the buyer to make payments over time with interest until the full amount is paid off.
i doubt it No, you must pay it off and get the title first
Yes, you can privately sell a car that is still being financed, but the process can be more complex. The buyer would typically need to pay off the remaining balance on the loan before taking ownership of the car.
You should speak with the manager of the finance company and explain that you are willing to pay the car off and keep your credit in good standing.
Yes, you can sell a car on finance by transferring the financing agreement to the buyer or paying off the remaining balance before selling.
Yes, you can sell a car on finance by allowing the buyer to make payments over time with interest until the full amount is paid off.
If you have a clear title, then you can sell it. I don't know why a finance company would charge the car off and give you the title, but if through some miracle that did happen, then you could sell it.
i doubt it No, you must pay it off and get the title first
Legally you can't ! The car belongs to the finance company until it's paid off !
You can sell your car to a dealer.If you do not owe more then bule book. on a trade in they will pay off the loan. But have some cash for a down payment at lease $1,000 dollars
Yes, you can privately sell a car that is still being financed, but the process can be more complex. The buyer would typically need to pay off the remaining balance on the loan before taking ownership of the car.
Pay the bill off and sell it or borrow enough on the new car to pay off the old car and finance then new one. My advice is to not consider trading until you pay off the car you now own. That way you will be in a much better financial condition to purchase another car.
It is illegal to sell a car that you do not have a title to, and someone else will not be able to register it until they have one. To be in default means you do not as yet own the car the finance company does, any arrangements made to get rid of the car must include paying off the loan in its entirety or letting it go back to the holder of the title.
You should be able to go to the DMV and get a duplicate. It takes about 5 days.
Normally it is not auctioned off but it can be. Normally they accept bids on it. The lender owns the vehicle and can sell it to anyone they wish, even the dealer you bought it from. You have no say in who they sell it to, and you are also going to be responsible for the difference in what it sells for and what you owe on it.
Lease or retail installment loan-dosen't matter. You call your lienholder, get your pay-off and sell your car. If your pay-off is greater than what you are selling the car for, "you" simply pay that "negative equity" to your lienholder. If you sell your car for $15,000.00 and you owe $20,000.00 you have to pay your finance company $5000.00 and you are done. The $5000. is called negative equity.