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Depends on the state you made the purchase in. In California, for instance, there is NO COOLING OFF period, meaning that once you sign the finance agreement, you are stuck. Unless there is fraud on the part of the origianator of the contract, you are likely under full recourse.
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Do you have to pay the finance company if the tow people sell your car?
Yes, the loan from your finance company is a legally binding contract between you and them. You are solely responsible for the fulfillment of that loan.
When can a finance company can legally repo a car?
In most cases immediatly upon default (non-payment) Read your finance contract, there should be a due on demand clause. Hope this helps.
Can a car only get repossessed for no insurance?
Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.
How do you legally get out of a car financing contract after 3 years if you signed up for a 5 year finance contract?
Borrow the money someplace else and pay the note off. As far as just walking away, that is not an option.
Uninsured finance vehicle has been stolen Cancelled insurance because car was being repossessed by finance company?
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
What do you meant by contract?
A contract is a legally binding agreement.
what are Difference between a contract and an agreement?
a contract is LEGALLY BINDING, an agreement is not necessarily legally binding depending on the circumstances
Is the contract for a timeshare legally binding?
Yes, a contract for a timeshare is legally binding. However, the contract usually has an opt out period of at least ten days. The salesperson can also choose to let you out of the contract.
What is a simple contract?
A simple contract is a contract that is made orally or in writing. This type of contract is not notarized or legally recorded.
Can a 12 year old make a legally binding contract?
Yes, a 12 year old can form a legally binding contract.
What does a futures contract mean in finance?
A futures contract is a legally binding contract that agrees to buy or sell something at a previously agreed upon time with a previously agreed upon price. For example, a company might agree to purchase another company in July next year for 1 million dollars today.
How old must you be to get a cell plan with US Cellular?
A cellular contract is a legally binding contract; you must be 18 to enter into a legally binding contract. The answer is 18 years old.
