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You don't own the car that's financed until you pay it off
by themitigating 5y ago
You don't own the car that's financed until you pay it off
- martin8412 5y agoHere you do. A lien is placed on the car, so any debt follows the car in the case of transfer of ownership. That said, repossession of things are not a thing here either.
- fxtentacle 5y agoIn some countries, you do. The contract for borrowing the money and the contract for purchasing the car are then separable.