L
Lexa
Guest
I recently decided to sell my car in order to purchase a new one. I have a buyer for the car, but they just moved here from Arizona, so they have no relationship established with a bank as of yet and asked if they could make payments for a few months til they could obtain a loan. I have no problem with this as long as my bank payment is being met. The dilemma is that I still have a loan on this vehicle and by letting her make payments, I cannot give her the title until it is paid in full. My question is this, since my license tabs are good til September 2001, can she drive my car as a "rental" or a "leased" car until she pays in full at which time she receives the title? And will an insurance company go for this? Or do I keep insurance and charge her what my bill is?
I live in the state of Minnesota if there are laws that pertain to this for our state.
I live in the state of Minnesota if there are laws that pertain to this for our state.