What if i bought a car which is still under finance (not my name)? Can I resell it?

Question:
I bought a car from someone. He didn't tell me about the car is under finance . I have successfully registered the car with RTA under my name and now I'd like to resell it, here is a few questions:

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1. Do I have to notify the bank? But I just bought the car from trading post, I have lost the contact of previous owner.

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2. What will happen if the previous owner not paying the installment?

I want a car which is bet er?

3. Will the car be towed because the ex-owner not paying the finance?

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P.S. I found it under finance because I tried to sell it to dealer and they told me so.

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THANK YOU FOR ANSWERING!!

Answers:

I need to buy a car ..my range to buy one is 1000 to 1500..anyone got one..let me know?

It was not his to sell And there for not yours to sell.The finance has to sign off for it to be sold.Yes they can take it back for nun payment.Try to fine the finance co. tell them what happen maybe they will let you make the payments

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Do you have the title in your name? If not I would think not.

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Car owners: Hyundai, any model. What do you think about your car?

yes but you are better off selling it to car max cause they pay off your balance for you and give you a check for what is left after the balance has been paid. You get the check the same day.

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