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Does the same hold true for owner financing the car And if

Does the same hold true...
Does the same hold true for owner financing the car? And if so what is the max apr interest rate an individual can charge?
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Answered in 3 minutes by:
6/5/2011
lwpat
lwpat, Attorney
Category: Business Law
Satisfied Customers: 25,387
Experience: Attorney with over 35 years of business experience.
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You can owner finance a car but you need to be sure that your lien in put on the title. The law that governs financing of motor vehicle sales caps the effective annual interest at 27 percent.
lwpat
lwpat, Attorney
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Experience: Attorney with over 35 years of business experience.
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