When purchasing a new car with financing, the process of getting a title for a car is generally the same as when purchasing a new car in cash. The major exception is that the title will instead go to the lienholder (usually the lender), giving them the right to potentially repossess yo...
1. Check to see if there are liens on your vehicle If you’re making payments on a car loan, you most likely have a lien on your vehicle. In rare circumstances, a vehicle may have a lien on it that you weren’t aware of when you purchased it. This can sometimes occur in private...
To qualify, you need to provide a clear or lien-free car title. However, if you’re asking, “Can I get a title loan with a lien?”, some lenders may offer options depending on the equity in your car. Car Condition and Value Lenders evaluate the condition, mileage, and value of ...
When you sell your car, the title must be legally transferred to the new owner. Here’s how to handle the paperwork for a car title transfer.
We walk you through the steps a smart car buyer should take to remove intimidation from the process and end up with the best deal on the right used car.
How to Sign Over a Car Title with a Loan Transferring ownership is straightforward when only one name is on the title, but in many cases, a seller may have an outstanding loan on their vehicle, which means the lienholder or lending institution are listed on the title as having ownership ...
Tip #2 – Check your credit report Building a solid credit profile may help you get the best deal on your home loan. So, it’s a good idea to obtain a copy of your credit report before starting the home buying process. That way you can see what your credit looks like to potential ...
If you need to break a lease on a car, it can be costly and difficult. Thankfully, there are other options. Transferring a lease is one option, you can buy your car outright or trade it in for a brand-new lease.In this post, we review the options if you want to break your ...
a check, getting a release can be simple if you sell your car to a dealership. Car dealers have the experience and resources to streamline the process. It gets trickier when you're making a private sale. You'll need to go to a branch of the bank or credit union with the lien and ...
2. Sell the vehicleBest for borrowers who can turn a profit on their current vehicle and get a cheaper replacement. Another strategy is to sell the car with the lien. Because you don’t own the car outright, you need to get permission from your lender first:...