If you still owe money on a car can you still give it to someone

[Bigbill365]

i owe 6k on my car but im going to have to give it up for money i owe will i be able to do that

[ssmann]

what?

[UntilTheNDofTimE]

If you dont own the car you cant sell it because you dont hold the car title. If you have equity in the vehicle( very unlikely) you could sale the car to someone, and have them agree to give you the money, you pay off what you owe and keep the rest. Then give that person the title. No one in their right mind would agree to do this. 3rd you can grt someone to take over payments.

[neverstoppers23]

um no, unless you can pay off that loan with the money you sell it with. the loan you got has the car as collateral, which will make your loan void, probably has some provisions in it with big fees.

[PAULYPOKER]

Yes run it into a tree.................

[UntilTheNDofTimE]

um no, unless you can pay off that loan with the money you sell it with. the loan you got has the car as collateral, which will make your loan void, probably has some provisions in it with big fees.

Even at that even if he gave the car to someone, he couldnt give them the title, so they wouldnt want it. Who wants a car without title.

[ChalkyDog]

Of course you can give it to someone, you will still be responsible to pay for the lean on the car.

[RyanLeafOfBets]

I thought you were part of the 1K bettors group on SBR. Unreal.

[UntilTheNDofTimE]

Of course you can give it to someone, you will still be responsible to pay for the lean on the car.

If someone owed you 8k would you accept payment in the form of a vehicle you cant sell because you dont have the title, and can be reposessed if you degeenerate client dosent continue to pay payments on a car he dosent own anymore.

[crustyme]

yeah, you can.

but they won't get the title unless the $6k is paid off. so you're basically giving them your debt..... unless there's lot of equity in the car meaning the car is worth more than what you owe. if there's a lot of equity then they could sell it to carmax and make some bucks.

[Ernie Mccracken]

Bill your degen attention whore threads are getting old. Come up with a new gimmick.

[PAULYPOKER]

Sell it to a chop shop,then report it stolen...............

[Ghenghis Kahn]

saloon this shit.

[ChalkyDog]

If someone owed you 8k would you accept payment in the form of a vehicle you cant sell because you dont have the title, and can be reposessed if you degeenerate client dosent continue to pay payments on a car he dosent own anymore.

Hell fukkin' no.

Although he could sell, easily - and cash in on the remainder less the lean.

The question was if he could give it away.

[spike420211]

OP,
which of the 2 creditors is least likely 2 bust ur kneecaps?