Auto Loans and Financing

The language changes depending on where you live.

If you borrowed directly to buy the car the Bank or Finance company will Be registered with your insurance company and they will be paid.

If there is money left over you will get a check from the bank or the insurance company depending on what lender and where you live.

If you went to the local title loan place you may be paid direct but if you don't pay the title loan guys they can both sue and charge you with fraud.

To get out of a used car loan, pay off the loan or find someone else who will do that.

Idaho does not have a cooling off period.

So any return will be at the descretion of the Dealer (meaning they can say no and make it stick)

IF YOU SIGN THE PAPER YOU OWN THE CAR

Yes. You should visit the local court for information about filing a lawsuit against the primary lease holder.

Remember you still have to make the payments!

1st The nice Policeman comes and takes the car away.

2nd The nice Policeman makes you prove you paid for the car (or finaced it) so make sure you keep all that paper.

3rd You call your insurance company and find you are not covered, you still have to try, but you aren't.

4th Once the salesman gets out of his interview with the nice Policeman he wont call you back. So you have to schlep down to the dealership and speak to the sales manager or the "Dealer Principle" and they wont make any commitments. A Reputable Dealer will "Help out the Buyer" once the car is impounded, but they don't have to under the law.

5th The Dealerships insurance company will not payout unless they have written proof that this is a stolen car, that must be provided by the Nice Policeman, so right from point #1 don't make him mad.

6th Once the insurance company has their documentation they will pay out either you or the dealer, if they pay the dealer you will get paid by them.

Shortest possible time for you to get refunded from #1 is 14 days. There was a Fellow in Britsh Columbia, Canada that waited over two years because the Police would not write the letter to the Insurance company due to it being and "On-going" investigation.

Google's self driving car is a modified Lexus RX450h, which is normally $45,000, with $250,000 worth of sensors and equipment, so it will most likely cost over $300,000.

If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.

You can actually get a portable credit card scanner without even buying it. Call the toll free telephone number 877-685-9833. The portable credit card reader works with Android, iOS and Windows.

that depends on your term and rate. Use excel loan calculator and enter the information and if will give you a estimate.

No. As the one who originally took out the loan, they cannot refinance your car loan without your permission. The only thing they can do (and have to do) is to pay your payments if you default on the loan.

Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.

Payment Deferred was created in 1926.

I'm thinking it means u have to have a certain credit score

Each lender has their own way of disposing of a repo. Most will sale them at dealer only auctions. You can purse getting a used car dealer licenses from the state you reside and attending these auctions.

Is fraud punishable? You bet it is. It's also stupid; do you think they're not going to check?

Yes

Yes, if you did not pay back the loan. That is what "signing over" the car is all about.

No. Not unless her name is also on the title. The persons named on the title have equal ownership of the vehicle.

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.

of course you do dumb

Yes. This happens all the time. If you have a car you're still making payments on (and which will therefore have a lien on it), and you want to buy a new car, as long as your credit is good and you can afford the new payments as well you shouldn't have a problem.

You will need to make contact with the mortgage holder (people that loaned money to buy the house) and get their approval. Until the loan is paid off, the mortgage agreement is between the homeowner and the mortgage holder. That agreement cannot be changed without their approval, or a court order (such as bankruptcy) or the death of the borrower. In effect, you would transferring your mortgage to the other person- and that person might not be acceptable to the mortgage company.