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Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?
Wiki User
∙ 12y ago
A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.
Wiki User
∙ 12y ago
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Car dealer forgot down payment?
The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.
Can a car be repossessed by the dealership?
If the dealer ship financed the vehicle, or represents the financing party, such Ford Finance, or GMAC, then yes they can.
If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
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Can a CAR dealer repo a car for no insurance?
Usually the lender, not the dealer, will just tack it onto your payments, but yes, you probably signed an agreement to insure contract. However, they do not want the car back, so, most of them will just add it, then ad it to your payment. The dealer, unless it was a buy here, pay here, has nothing to do with the car, once it is financed. The bank owns it, once they finance it.AnswerYep, that's the way it works. Finance Company always requires Full Coverage Auto Insurance until the car is paid off. It's in your finance contract After pay off you can carry just liability if you like.
When getting a car and its being financed does the finance also cover the tags tax and title?
yes its does sometime. depending how you deal with the dealer. ask them to not charge you fee on tag, and title
If dealer Forgot to collect down payment?
Then he's a total plonker!The finance company will chase you for it, they won't miss a thing, believe me.
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.
How do I finance a car loan today?
See any dealer and they will find a way to get you financed for a car loan. When I bought my car the dealer found me a loan, found me a decent rate, and the bank that I loaned through. I did not have to do any work other than signing the papers and paying the bill.
I failed to pay the pick up payment can the dealer repo my car even if its financed through a bank?
Your car can definitely be repossessed because of nonpayment. The bank can actually send a company to repossess your car.
How do you finance a car with bad credit?
Sometimes you can still finance a car from a dealer with poor credit but with a higher interest rate. There are also independent car lots that will finance a car for you. The only drawbacks from an independent car lot is they usually charge more interest and down payment.
Can you get a discount off a new car if you pay cash?
just the opposite. If you finance the car through the dealer, he will realize a portion of your interest payment so the possibility of a discount is there.
Can you sue the repo man if he takes the truck after you filed bankruptcy?
(A): "Can you sue the repo man if he takes your truck after you filed bankruptcy?" (B): The answer is "No". The truck is the property of the dealer, or finance company, until your final payment to them is made, and the receiver in bankruptcy may not seize property of which title belongs to a second party (dealer or finance company). Chris
