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No its perfectly legal and if you are still making payments on it, that increases values.

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Q: Is it illegal to sell a car when your still making payments on finance?
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Related questions

Is it illegal to take a car out of state when you are still making payments on it?

Not as long as you continue to make payments on it.


If the bank repossess your car do you still have to pay your car payments?

NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.


If you own your car or house and are no longer making payments should you still have insurance on them?

If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.


Am you considered a homeowner if you are still making mortgage payments?

Yes


What happen if i donate my car to my cousin and i sign the title. is that all i have to do?

What happen if i donate my car to my cousin and i sign the title. is that all i have to do?


A temporary postponement of payments or making smaller payments while interest is still accruing is called?

deferment


If your car is in the shop but you are still making payments can they repo the car?

Not as long as the payments are current and have remained so.


I am thinking of buying a car from a seller who still has loan payments. How can i be sure i will get the title from him after i pay the finance company?

Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.


Do you still have to make payments after returning a car?

Making Payments After Returning a CarNo, you do not have to make payments HOWEVER.....once they sell the car you still owe the left over balance. Just because you don't have the car anymore DOSEN'T mean you didn't borrow the money #2No you do not have to make payments after returning a car as long as you are ok with having a repossesion on your credit history and as long as your ok with the finance company filing a judgment against you for the amount left owed after the sale of the returned vehicle.


Can you cash a check written to you by your insurance company for a car that was totaled but still has remaining payments on it to a finance company?

Sure you can, but you're still responsible for paying off the loan to the finance company. If the check will cover the pay-off, give it to the finance company. If it doesn't, give it to them, anyway. It'll reduce your debt by that much.


What can you do if your car blows up while you are still making payments and you can't afford to make those payments and buy another car?

Depends on what you mean by


Can repo man take car if you move out of state but are still making payments?

it all depends on the contengencys in your finance companies contracts! and all states have different repo laws and these companies pretty much write there own within the laws of the states they do biz in!