If someone wants to take over the note on my car, do I need them to give me a downpayment and also do they need to go through my bank to finance it, or through their own bank to do this? What do I need to do to get this done?
What are the steps in signing over the note on a financed car?
If they are going to take over the note, this will not relieve you of the burden of payment. The buyer must get a new loan in order to release you from the original one. In any case, all you have to do is allow the bank or financial institution to handle the entire transaction.
What are the steps in signing over the note on a financed car?
take that person to your bank and let them handle things
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