Difference between revisions of "Buy a Car That Money Is Owed On"

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{{fa}}Buying a car from a private seller who still owes money on the car can be complicated. The seller will not be able to transfer the title of the car to you until the loan is paid off. A lien will remain on the car until the loan is paid off, and as a buyer, you do not want to be held responsible for that lien in addition to what you pay for the car. By taking certain precautions, you can ensure that you will not find yourself with an unexpected financial burden.
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Buying a car from a private seller who still owes money on the car can be complicated. The seller will not be able to transfer the title of the car to you until the loan is paid off. A lien will remain on the car until the loan is paid off, and as a buyer, you do not want to be held responsible for that lien in addition to what you pay for the car. By taking certain precautions, you can ensure that you will not find yourself with an unexpected financial burden.
 
[[Category:Car Finances]]
 
[[Category:Car Finances]]
 
[[Category:Buying and Selling Cars]]
 
[[Category:Buying and Selling Cars]]
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