What does it mean when you are selling the account of a car?

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  • 8 years ago
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    You haven't given us much information but I'll take a guess at what you mean.

    When you get a loan for a car from a dealer, the dealer "assigns" or "sells" the loan account to a bank or loan company who will be the actually source of your loan and the bank or company to which you send your loan payments.

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