Cosigners may think that they have ownership rights to the car since they signed on the auto loan, but that's a misconception. Here's what you need to know about cosigners, primary borrowers, and ownership rights.
Continue ReadingCosigners may think that they have ownership rights to the car since they signed on the auto loan, but that's a misconception. Here's what you need to know about cosigners, primary borrowers, and ownership rights.
Continue ReadingIf you go over your mileage limit on a car lease, the leasing company can charge you for each extra mile. Here's what a lessor may charge you if you go over miles, and four options to explore if you're excessively over the mileage limit.
Continue ReadingIf someone had an active car lease and has passed, it's not always cut and dry as to what happens next. Here's what you should know if you're the one left holding the keys to a leased vehicle that isn't in your name.
Continue ReadingIf you and someone else are both responsible for a joint car loan and you want to sell it, here's what you need to know.
Continue ReadingYour down payment plays a role in determining the size of your monthly payment and how much you end up paying overall, so the decision as to how much money you should put down isn't easy. Let's look at some of the pros and cons of a large down payment on an auto loan.
Continue ReadingSometimes, borrowers have the option to roll over some negative equity onto their next auto loan. Here's what you need to know before you go through with it.
Continue ReadingYour cosigner doesn't need to be present when you trade in or sell a car they cosigned for. Let's clear things up with cosigners and how they work when it comes to auto loans.
Continue ReadingIn order to trade in your car, you must have the title ready and available for the dealership. Unless there’s a lienholder involved, dealers won’t accept a trade-in unless they can see the title with your name on it.
Continue ReadingOnce your vehicle is repossessed, it can be hard to get it back right away, let alone on the same day. However, there are processes in place to get your car back after a repossession.
Continue ReadingThe simple answer is yes, your car can be repossessed on private property if it's out in the open. But, there are laws that protect you and your vehicle when it comes to repossession.
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