the car is no longer running and it had to be moved off of a property that does not allow two vehichles can you get in trouble with the loan company and there still holding the title
2007-09-11 08:18:29 · 5 answers · asked by queenie j 1 in Cars & Transportation ➔ Insurance & Registration
if they have a lien on the title you can not get rid of the car until they sign off on the title other wise you will be in trouble with the state ... but if they don't have lien wrote on the title as long as you pay off the loan they will never know ... if there is a lien on the title go talk to your loan company and tell them why you have to get rid of it they might give you a personal loan for the balance of the loan or they can transfer the loan over to your other car...
2007-09-11 08:29:51 · answer #1 · answered by Dale (aka drc40m) 4 · 0⤊ 0⤋
Title Loan means just that. They are in possession of your title or a contract that gives them ownership of the car. If you default on the loan, you will need to turn over the car. It's called fraud. You cannot get rid of the car legally without a title.
2007-09-11 09:20:57 · answer #2 · answered by sensible_man 7 · 0⤊ 0⤋
Unfortunately, there's no handy reply. You cannot promote the Neon till it's been paid off. Sure, you'll take it again to the dealership you purchased it from, however you're so the other way up for your repayments, that you simply owe a lot more than it's valued at, they usually in general may not desire it again at that fee. Since it's financed, you have got to maintain your coverage on it, so I could suck it up and maintain making the repayments and force it till your agreement is up. Then attempt to promote it. You at the start signed the agreement and dedicated your self to the repayments. And now you're caught with it. I want there used to be a higher reply for you, however there is not.
2016-09-05 10:20:17 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Not if you keep paying on the note. If you default, then, yes, thay could actually take anything of yours that has value. Read the contract on your note. You signed away your soul when you took out that title loan
2007-09-11 08:23:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I assume that the loan co. has your title. You can't properly dispose/sell without the title and noone else can register it while loan co. still hold lein on title. As long as you pay them, there should be no trouble.
2007-09-15 06:18:27 · answer #5 · answered by steven wes and les 2 · 0⤊ 0⤋