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This is on a car, and you are not paying the balance of the price of the car in full, then yes. You are buying on installments. It is common financial practice and has been for about the past three thousand years to charge interest. Legal, ethically, and morally they can charge you interest. Where it becomes still legal but less ethical or moral is the amount of interest they charge you.
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What is the purpose of buy here pay here dealers?
The purpose of Buy Here Pay Here by auto dealerships is to allow people who have poor credit history to still purchase a vehicle from the dealer. The interest rate tends to be higher though.
If your car is repossessed by a 'buy here pay here' dealer does it affect your credit?
Only if the dealer reports it to the credit bureaus.
What size of rocker stud would be the best the 3 8 or 7 16?
Use The Factory Size That Came With The Heads. It May Be To Your Best Interest To Buy New Ones. You Can Get Them At Your Dealer, Unless You Have Something There Is No Dealer Ship Here
How long can a buy here pay here dealer hold your car after repo?
A car dealer can hold a repo as long as he is the lien holder on the title.
How much interest is legal to charge for buying a vacuum?
If you buy it outright, there is no interest charged. if you finance it, laws on this vary by jurisdiction.
What does it mean to buy debt?
It means to buy peoples bills from a companies then you can collect the debt that they owe and charge interest
After repossession does a car dealer have to wait before they can sell your car.?
IT DEPENDS IF IT IS BUY HERE PAY HERE OR A BANK REPO BANK REPOS YOU HAVE 15 DAYS TO PAY THE CAR OFF IN FULL AND 30-60 DAYS TO RETRIVE YOU BELONGINGS OUT OF THE CAR. BUY HERE PAY HERE LOT WILL GIVE YOU YOUR CAR BACK AS LONG AS YOU PAY THE REPO CHARGE AND YOUR BACK PAYMENTS
Can a buy here pay here car dealer have you arrested if you stop making payments in tn?
No you cannot be arrested for stopping paymentsto any car dealer, they can and will come get the car, however.
What is the SOL on vehicle loan purchased at a buy-here-pay-dealer in Indiana?
10 years
Can a buy here pay here car dealer repo vehicles because they are going out of business?
I do not believe that they can do that, as long as your payments are current.
What score can you have to buy a new car?
It depends on the dealer you are buying from. Some 'buy here, pay here' lots only require that you have a job with minimum income, no credit required.
Can a buy here pay here car be repossessed?
Even though it is a buy here pay here dealer it is in the contract you signed. You dont pay they will take your car and you WILL have to pay the late payments on top of the repo cost before you get your car returned.
