[EMAIL PROTECTED] wrote: >> Also check the legality, some finance agreements make the finance co as >> the legal owner until you pay the final instalment. If you sell it >> before it's paid then it's theft.. >> > > Since most banks hold the title, which is in the real owners name, until the > car is paid off, you can't really sell it. Even if you apply for a duplicate > title, their would be a lein showing against it. > > So, even if you could sell the car, it would not remove the debt. >
So I somehow need to secure a local for the entire amount (how I'd do that I don't know since the value is less than the car is worth!), pay it off officially, then re-sell it and take the loss of probably $5k. Ugh. Better to just keep it and deal with it I guess. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
