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You are liable for the difference of the loan, for instance, you owed $9000.00 at the time of the write off, they are able to sell it for $5000.00, there will still be a $4000.00 deficit, you will be responsible for making up that deficit by paying the remaining $4 grand, settles the loan with the bank. If possible, ask the bank if they will remove the write off from your credit report, but at best they will note it as a paid repo.
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If you sign a promissory note for a down payment on a car and they do not sell you the car is the note still valid?
If you signed a promissory note and the person decided not to sell you the car, you do not have tobpaybthe down payment. The person has already voided the promissory note by not selling to you.
Can you back out of a car deal after the bill of sale has been signed?
Generally speaking you cannot back out of a car deal after the bill of sale has been signed. Some car dealers will allow you to, but this is seen as a contract once it is signed.
Is Hastings car insurance reliable?
Hastings car insurance is not entirely reliable. There have been many claims of bad customer service and a lengthy process in handling claims and resolution. The overall reliability of Hastings is not so reliable.
Are Volvo's a safe and reliable a car?
Volvo is a very safe car to drive. It has been manufactured to high standards. It is a very reliable car and lasts a long time. People who have purchased a Volvo usually keep it for a number of years.
Can you get your down payment back on a car even if ive have not signed any papers?
A person should be able to get a down payment back on a car if papers have not yet been signed. Only after the papers have been singed is the purchase official.
Can you cancel an agreement to purchase a new car?
If you have not signed a purchase agreement, yes. If you have signed, ask the dealer if you can back out. If the car has already been put in your name or you have driven it home, it is yours.
Can used cars be just as reliable as new cars?
Yes, by purchasing used car that is a few years old, you can acquire a car that is as reliable as a new car for substantially less. Ask your used car dealer for documentation to show that the car has not been involved in an accident or other disaster.
Is the Honda Civic Mugen a reliable car?
The Honda Civic Mugen has been rated as a reliable car on a few websites, including Edmunds Consumer Reviews. Car and Driver magazine also gave the Honda Mugen good marks.
Can a family member who is staying with you temporarily drive your family car occasionally?
If they are a licensed driver that should be OK. It's best to give them a signed note to carry in the car, saying they have your permission.
Does a auto dealer have the right to back out of a contract for a new car two days after the paperwork has been signed?
No they have already signed the papers agreeing to the contract
Are Audis a reliable car for every day use?
An Audi is a very reliable car for every day use. There were some problems with the reliability in the 80's and early 90's but those problems have been resolved.
Bought a car from the dealership and now they want me to go back and sign a promissory note they forgot to have me sign - should you do this - if theres not promissory note is the car free?
Likely, no the car is not free. You are in a position to bargain though. Your best bet it to contact a lawyer before you act. Either way, the vehicle probably does not belong to you and if not returned or if the note is not signed, it could be reported stolen.
