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When using assets for the I 864

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If I use a car for my assets to help me with the income requirements, does the car have to be paid for? I still owe like 15,000 on the loan, but I do have another car that is paid for and values about $2000.

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  1. No lender will take a care as collateral on another loan.

    1. Another lender has title.

    You can sell the other car and take the cash for a loan. BTW, Blue Book Values are not accurate. The used car market is the worst it has ever been in US History right now.

    A car is worth only what a buyer is willing to pay.

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