If you are purchasing an automobile can the dealership file a warrant for your arrest if you miss a payment?
Yes, rightly or wrongly. So it is important to follow the proper procedures when dealing with financial contracts.
anybody care ? nO !
Im having car problems I just have days that I took it out from the dealership can I take it back and take another car out?
Easy, take it back to the dealer.
after approved financing and signed contract, have had car 8 days, can a dealership take car back?
A credit card, a small loan, do not take a big loan out your time cause it will take time to pay it back an if u miss one payment it will hurt I done that on my first loan and it almost messed me up
Take your papers down to the dealership and discuss it. Unless they picked up the wrong car, it is likely you missed a payment or so.
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.
yes and no
When they miss you.
Possibly. It depends on what is written in the loan agreement you signed. Read it. They are not likely to repossess the car if you miss one payment. Miss two and they will be looking for it. How about calling the lender and talking about this face to face? Do not allow your car to be repossesed. You will regret this for at least 7 years.
They cannot keep the car you were attempting to trade. They can and will take back the car that they were trying to get you financed on. They would be in possesion of a contract for the sale of a vehicle for a certain amount. If that amount cannot be collected from you in cash or a bank in the form of a loan, then you are in default of payment.