READ your lease. The lender can repo as long as you are in DEFAULT. As long as there is money owed on a contract, the collateral can be repossessed IF the contract is in default. Subject to some state guidelines.
Schedule is listing out the total property area that has to be either leased or portioned or sold
Technically yes, he probably did, but you are entitled to your part of the payment.
IF you signed a contract, it wasn't forced on you. If you didn't sign a contract you can return it as you wish.
A finance lease is a form of financing that transfers substantially all the risks and rewards incidental to ownership over a leased asset from the lessor to the lessee. By signing the contract and delivering the leased asset, the lessor transfers economic ownership over the leased asset, while legal ownership is transferred only upon the expiration of lease, on payment of the final instalment. In a finance lease, the lessee uses the leased asset for most of its lifecycle, as with loans.An operating lease is a lease whereby all the risks and rewards incidental to ownership over the leased asset remain with the lessor. In this case, the lessor retains the economic and legal ownership over the leased asset, while the lessee has only right of use. Upon the expiration of contract, the leased asset is returned to the lessor. Under an operating lease, the lessee uses the leased asset for less than its useful life.
Fuel, insurance, maintenance and truck payment.
As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.
The contract is an asset of the estate and is going to be subject to the probate procedure.
You cannot legally sign any contract unless you are at least 18 years of age.
YES. Read your contract. Does it call for you to maintain ins???
As with any contract, you have three (3) business days to cancel the agreement.
Yes if equipment is leased on rent then rental payment is expense through income statement of that specific fiscal year.
Highly unlikely they will rescind the contract. All you can do is ask the selling dealer. Legally the answer is no.