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After signing contracts papers for a vehicle can a dealership say bring the car back because i have already had a open loan with the same company?
Wiki User
∙ 15y ago
Well yes and no, but really it's not right and in the same way they just about can do what ever they want to you undestand ?
Wiki User
∙ 15y ago
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Can the dealership take your car?
If you mean can the dealership take your car, if you don't make your payments. Yes. Usually the finance company will take your car, because the dealership has already passed your account to the finance company. If you have made a deal for a car that the dealership later discovers you don't meet the financial criteria, they will take your car back and offer you a lesser model for deal that suits your budget better.
What happens if a dealership goes bankrupt and you still owe money?
The accounts and contracts held by the dealership will be acquired by the creditors of the dealership. Any debts owed to the dealership will then be owed to the new holders of those contracts. Typically, those creditors will turn them over or sell them to a consumer finance company that specializes in servicing consumer loans. Bottom line: you still owe the money, you just owe it to someone else, now.
Can a dealership take your car if financing was approved already and the car was signed off on with title and ownership already belonging to us. The dealership made the error and want the truck back.?
Technically you are not the owner of the vehicle until you have paid every repayment it is the property of the finance company. Just because the vehicle is in your possession does not mean that it is yours as the contract that you signed has not been forfilled (the paying in full part)
How do you get a pay off quote on a vehicle?
went to a car dealership where I bought a car because I had a accident the insurance pay off the car but the dealership will not give me my payoff --- Contact the loan company.
I want to establish a new company in my name. already I have a company in the same commudity is it possible?
maybe. because u already have one
How can you cancel contracts with pre paid credit cards company?
According to my knowledge, prepaid credit cards do not have contracts. The reason being is the credit card is prepaid. This means that the card is already paid for, therefore there is no contract to be signed in the first place.
If you are current on your payments can the car dealership who sold you the car repo it or is the bank that is financing the vehicle the only one who can do that?
The bank/finance company. The dealer has already been paid for the vehicle
Is it feasible to start an internet lending company for teens?
It's really not feasible because minors cannot enter into contracts.
Dealership no longer exist and financial company doesnt do loans anymore?
the dealership doesnt exist anymore and the financial company doesnt do auto loans anymore
What is the job of the dealership officer?
janatha trading company
What company want dealership in Madurai?
auto mobile
Does the finance company own your car if the dealership is out of business?
If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.
