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Help answer this question below.
If you have a loan for a car all you have to do is find a car and arrange the money(your loan) to be paid to the car place. Once that is done the "car place" has nothing to do with the payments anymore. A pink slip will be mailed to the lien holder, which is the bank who gave you the loan. You will have to pay the bank for your car now. The "car place" no longer has any interest or right to your car, unless it is about a warranty issue, then they are still responsible. Hope this helps.
No only one will have "Rights" to the car.
Unlike a house situation (Or casino where there are several "Owners" a car is different. The company "Loaning" you the money has ownership of car till paid off. So whoever loans the cash, has the "Rights" to the car should repo or something along those lines occur.
Can the VIN number reveal owner history?
by Answerbag Staff on July 27th, 2010
| 1 person likes this
What is the meaning of numbers on the windshields of used cars?
by Answerbag Staff on June 10th, 2010
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What has been the best car that you have owned?
by AndyP on September 5th, 2011
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What has been the worst car you havw owned?
by AndyP on September 5th, 2011
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car 1 year ago went to get it smog this week and he told me no way this vehicle passed smog last year can i do anything about this
by richcentanaro on October 28th, 2011
| 1 person likes this
You're reading I have a loan already through a loan company, and I want to buy a used vehicle and make payments on it through the car place. My question is..can both places put a lien on the title of the car?
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