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Can a car dealership who in-house financed the car repossess it?
Wiki User
∙ 8y ago
YES, if they have the folks, ect. to do it. A lot of note lots do so.
Wiki User
∙ 8y ago
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What can a car dealership do when your car has a lean on it?
If a car dealership has a lean on your car and you have not made the required payments they may repossess your car.
Can a dealership repossess your car if they are not the lien holder?
No. The lienholder is the only entity with a right to repossess.
Can dealership repossess car if i bring it in for service?
No, but the finance company can.
Can a car dealership repossess your car if they say you owe them more money for a down payment?
A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.
Can a car dealership repo your car if you already have a lender for the vehicle?
The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.
Does a Florida car dealer have the right to repossess a car if financing fails and if so can a sales rep repossess the car without being a licensed repossession agent?
Yes, in both circumstances. When you sign the contract it is pending approved credit. The dealership owns the car and figures it can get you financed by the banks but when that fails to happen the dealership still owns the car. You are just driving till the contract is bought by the bank. The Sales rep can and will get the car because it isn't being reposed. They own it and he is representing them in getting it back. Sorry it happened to you but it does happen out there
Is it illegal to scrap a financed car the dealership did not want?
I'm not sure what the "dealership did not want" has to do with it but it is always illegal to sell anything that is financed. This is called "Selling of mortgaged property" and I believe is a felony
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.
How can you be removed from legal ownership of your sons car that you financed through the dealership?
If you own the car, sell it to him for $1. That should solve your problems.
Can a dealership repo a car for not paying all downpayment?
A "car dealership" CAN NOT legally repossess a car for any reason unless the are operating as a financial institution (bank/ Lien holder). And they had better be license as a bank if they are. (New York).
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.
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.
