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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.

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AnswerBot

5mo ago

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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 your car be repossed by the car dealership if i was never approved for financing?

You were never approved for financing to buy the car thus you do not own the car and the dealer has the right to his property....so yes they can


How long does a dealer of a used car have to find you financing you have had a car for over 45 days and the dealer keeps saying they are searching for financing?

Why don't you go find your own financing. It is not his responsibility, it is yours. You are the one buying the car.


What are the benefits of buying a car on PCP financing compared to traditional financing options?

PCP financing offers lower monthly payments and the flexibility to return the car at the end of the term or trade it in for a new model. Traditional financing typically involves higher monthly payments and you own the car outright at the end of the term.


Does Nissan provide their own finance?

The Nissan Corporation does provide its own financing for new car sales. If you cannot find financing through your own bank, Nissan offers competitive rates and options for your purchase.


Can I have someone take over payments of my car?

You can have someone take over the payments if they meet the credit requirements of the bank you have the financing with. You might also be able to get someone that wants your car to get their own financing to pay off your car.


If you finance a car, do you ultimately own it?

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.


How can you take over a car payment?

Pay someone else's note while the car is in their name. Disaster in the works. Get your own financing.


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.


Can a car dealer change his mind and get his car back?

They usually don't change their mind. What happens is a dealer sales you a car and lets you drive off thinking the purchase is complete when in fact they do not have the financing secured. This happens mainly on weekends and after normal business hour purchases. If they are unable to secure the financing they will want the car back or you to get financing of your own.


Can you pay off the car at the dealership you bought it from?

The answer depends on who loaned you the money to buy the car. The answer is yes if the dealer does his own financing. I think most dealers arrange financing with a bank or loan company. If that is the case, you make you payments to them.


What is car financing?

car financing is basically when u get 10lac car at 2 lacs thry financial institutions