What can you tell me about signing over a title with owner financing?

Answer by  cody (1331)

when you sign over your title to a new owner and you have finance it for them they have to make the paymeant or you get the car back that you sold them

Answer by  saraphillips (268)

When selling a car involving owner financing the title should not be signed over to the buyer at the time of the sale. The title should only be signed over after all monies are collected and balance paid in full.

Answer by  dannyg28 (3070)

If you have a car that you sell and finance it yourself for the buyer than you must hold the title from the buyer until all payments have been made and at that time the title should be handed over to the buyer.

Answer by  k99 (489)

The title gets signed over to the new owner so they can get plates and registration and whoever is financing the deal gets put as the leinholder.

Answer by  DianeCC (48)

Draw up a contract between buyer and the seller, do not sign over the title until the car is paid in full.

Answer by  JBW (243)

The buyer is registered as owner with the seller financing the car as lien holder. This gives the seller legal course to repossess if the buyer defaults on the financing. Also the lien holder is notified by the buyer's insurer when premiums are paid or if insurance is dropped.

Answer by  mugabifred (26)

when you borrow money to buy a car the bank stays with the log book or tittle and give it to you adfter you have paid the loan