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The terms of a contract for taking over car payments typically include details such as the monthly payment amount, the duration of the agreement, any penalties for late payments or early termination, and the responsibilities of both parties involved in the transfer of ownership. It is important to carefully review and understand all terms before agreeing to take over car payments.

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AnswerBot

5mo ago

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Is it better to let take someone take over payments with a contract?

depends. but contract is better than no contract


How can I take over car payments from the owner?

To take over car payments from the owner, you will need to contact the lender to see if they allow for a transfer of the loan. If they do, you and the owner will need to agree on the terms of the transfer and complete any necessary paperwork. It's important to make sure you can afford the payments before taking over the loan.


What are the terms and conditions of a take over car payment agreement?

A take over car payment agreement typically involves the new party taking over the existing car loan payments of the original borrower. The terms and conditions of such an agreement may vary, but generally include details about the transfer of ownership, responsibilities for maintenance and insurance, and any penalties for missed payments. It's important to carefully review and understand the terms before entering into such an agreement.


Are you interested in purchasing a car through a selling car on payments contract?

Are you interested in buying a car through a financing plan where you make payments over time?


What is a series of fixed payments?

A series of fixed payments refers to recurring amounts that are consistent and unchanging over a specified period of time. These payments can be made as part of a contract, loan agreement, or investment arrangement.


How can one get someone to take over car payments?

The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.


Can you assume car payments on a vehicle?

Yes, you can assume car payments on a vehicle by taking over the existing loan or lease agreement from the current owner.


What does Total Payments and Deferred Amounts mean?

Total Payments refers to the total amount of money that has been paid or is due to be paid for a specific transaction or over a specified period. Deferred Amounts are payments that have been postponed to a later date, often due to an agreement between parties. Together, these terms help in understanding the financial commitments and cash flow implications of a contract or agreement.


If you are facing repossession and have a buyer that will take over payments will the finance company refinance the car for the buyer?

not normally the contract is with yourself, not them


What is the meaning of variable annuities?

A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.


Can a realtor honor a second contract over the first if the first already signed the contract with realtor to purchase?

Generally, no. The realtor must honor the terms of the first contract. A legally binding contract is enforceable in court.


Is a bond for title the same as quit claim deed?

Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.Absolutely not. A quitclaim deed transfers the owner's interest in real property to a new owner.A bond for title is a contract by which the owner agrees to transfer the property to the buyer after the buyer makes all required regular payments over a certain period of time. During that time the owner retains title to the property and the buyer has little legal protection for the funds they have paid over. The land contract is a way for the seller to avoid transferring the property and taking back a mortgage.