Saturday, January 26, 2013
Motorcycles - Where Can You Get a Loan For a Used Motorcycle
A logbook loan on a car means that the finance company is legally the vehicle's owner until such time that any loan taken out against it is re-paid in its entirety. If you by chance purchase a vehicle with such a loan taken out against it, and the original borrower ceases payments on the loan, it is within the financial company's rights to repossess the vehicle until such time that the loan is fully repaid. In addition, no court order is required for the financial company to repossess the vehicle.
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