answersLogoWhite

0


Best Answer

Yes. Banks and credit unions can keep a copy of key. This is so because if your financial institution has to repo your vehicle for any reason, they already have a copy of the car key to get it where ever the vehicle may be.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can a bank keep a copy of your car key they finance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Will a bank finance a car missing a title?

No!


How do you finance buying back a totaled car?

Home equity loan perhaps. No bank is going to finance a totaled car.


How does one obtain finance when buying a new car?

To obtain finance when buying a new car you can go to a bank and take out a personal loan or a car loan. Your local bank will be able to help you get financing.


Can you get a copy of your car title from your bank?

Yes. Call up and ask for another copy to be sent to you. Some banks will do this at no charge. Keep in mind that unless it is a legal, notarized copy of the title, it is not good for much.


What should I understand car finance calculator ?

Finance calculators can be found online or through your local bank.


Is Capital One Bank considered a finance company?

They do make car loans, so they finance auto loans.


If you sign a finance agreement and now the bank wont finance you do you have to give the car back?

You have to look at the papers that you sign with the car dealer. Typically they make you sign an agreement to bring the car back in the event that they can not get you financed. If they did not have you sign something, then they will probably hold the note themselves and then you have to pay the car dealer. But the short answer is yes, you can not keep the car if you can not pay for it.


Where does one go to obtain personal car finance?

One can obtain a personal car finance from various websites like DMV and RBCRoyalBank. One could also visit a local bank and ask if they can have a personal car finance.


What is the difference between a car loan?

how do interest rate calculated in a car loan finance by chase bank


Can a car dealer keep your deposit if I am not approved for finance?

yep, do it!


Is it illegal to sell a car on finance to pay off finance?

I believe in certain states yes due to the fact that you don't own the car, the bank or lean holder does.


If you bought a car would you want to bring a bank draft with you?

When going to buy a new car, I would not bring a bank draft with me unless I was buying that I wanted to out right pay for and not finance. Otherwise, instead of brining a bank draft to pay for the car, I would have some other means, such as being prepared to finance, in order to purchase the car.