Dec 14 2009

Buying Car With Auto Loan help?

I am buying a car with an auto loan and need the loan to cover the tax on the car as well… they said that they send the check directly to the seller, and also the financial institution that he still owes partial payment to on the remainder of the car – 2 different checks.

Will they split it yet again for taxes or try to not cover them for me?

1 Comments on this post

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  1. xx_satanic_mechanic_xx said:

    You would need to talk to the lender about that and make sure all the ducks are in a row. Usually they will send 1 check to the bank, 1 to the seller, and 1 to you to cover taxes and fees. But only if the loan is sufficient. You may want to verify the total of the loan and all these details with the bank.

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    December 14th, 2009 at 2:43 am

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