Washington Loan Agreement for Vehicle

State:
Multi-State
Control #:
US-0551-WG-6
Format:
Word; 
Rich Text
Instant download

Description

A Loan Agreement is entered into by two parties. It lists the duties, obligations and liabilities of each party when entering into the loan agreement.
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  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle
  • Preview Loan Agreement for Vehicle

How to fill out Loan Agreement For Vehicle?

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FAQ

Bushing occurs when a dealer attempts to change the terms of a sale agreement more than four business days after the deal was signed. Also known as ?spot delivery? or ?yo-yo? sales, this switcheroo is strictly forbidden under Washington state law, RCW 46.70.

There's no late fee for filing after 5 days, but you may be held liable for any financial, criminal or civil liabilities that the new owner may incur. It's in your best interest to file as soon as possible. You must report the sale of your vehicle if you: Sell privately.

Will CarMax buy my car if I owe on it? Yes. You'll need to provide loan information so CarMax can pay off the lender. If you owe more than your offer, you will need to cover the difference.

Yes. To begin, you'll provide your loan payoff information, and in some cases, we can assist in collecting that information from your lender.

Washington consumers have a right to trust that any purchased vehicle will be reasonably safe, efficient and comfortable. If a customer has major problems with the vehicle, then the dealer may be obligated to meet the customer's request for repairs or repayment of the purchase price.

You can still sell to a car dealership. But if you would like to sell to a private buyer, you'll first need to pay off the remaining balance of the loan. Once you have paid off the loan, it will take a few weeks to get your replacement title, so make sure to handle any payments well in advance.

Petition a Washington State superior court or district court to have us remove the lienholder and issue you a clear title. You'll need to show the court proof that you've paid the lienholder in full. The court order will need to identify your vehicle by year, make, model, and vehicle identification number (VIN).

You can withdraw from the deal before signing the contract without any penalty. If you need to cancel the contract after signing, the dealer may ask you to pay 'pre-estimated liquidated damages' (PELD) for losses they have incurred as a result of the sale termination.

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Washington Loan Agreement for Vehicle