2 Octobre 2015
To have ownership of the vehicle title and a contract with the person that purchased will be in force until the vehicle is paid off. If the Bank is not a question that allows the loan to rewritten, shall be the exclusive remedy for the seller and the buyer to write what amounts to a lease between the parties and can be complicated.
The new buyer or part of the payments you must make payments that can pay for the help made the previous owner, so then it can meet its obligation to the Bank or lender, with whom he made the initial agreement. There are insurance should be considered. www.MagnumLoan.com - The vehicle remained in the name of the first owner, an insurance policy must also be in your name. What usually works best, while they are negotiating to make support payments, is insurance purchased on behalf of both parties.
www.MagnumLoan.com - A large down payment will help you make sure that the buyer has up to its end of the contract when you take payments and gives the seller a supplement to pay off your loan, taking in amounts due to the Bank or the list. Finally, once the title is clear they are sent directly to the part that took the loan.
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