Can you get a secured personal loan using a car that you are financing as collateral?

Answers:3   |   LastUpdateAt:2012-08-09 13:04:02  

Question
collective proper noun ADJ
Asked at 2012-08-07 15:23:02
Can you get a secured personal loan with a car that you are financing as collateral?
Answer14everAnswered at 2012-08-08 05:23:44
You mean the car is already financed with someone else? No, because you do not have full rights to the car in case of default.
Answer2mikeAnswered at 2012-08-08 07:06:44
No, you can not use something that is not your property as collateral.
Answer3ESLstudentAnswered at 2012-08-09 13:04:02
No, you do not own that car, not the financial institution
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