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Can a repair shop keep a vehicle as collateral for repairs if the owner is still making payments on the vehicle to a used car dealer?
Wiki User
∙ 18y ago
YES! Pay your repair bill and the problem goes away.
Wiki User
∙ 18y ago
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Can a lien on car you perchused full in cash but dealer has a lien on the car still be reposessed?
If you purchased the car in full with cash then there shouldn't be a lien. Look at your paperwork to make sure it says "Paid In Full" if it does the dealer has no right to repossess a paid in full vehicle. A lien is where you are making payments for a vehicle and the vehicle is being used a collateral until the vehicle is paid off.
Can a car dealer take your car back?
If the dealer holds the lien and is the one that loaned you the money to purchase the vehicle he can repossess the vehicle if you fail to make your payments on time. Otherwise the selling dealer has no claim on the vehicle whatsoever.
Who is responsible to repairs to a financed car?
For items covered under warranty, the dealer. For items which are not, the person who is making the payments on the car.
Buy here pay here dealer breached the contract and didn't make the necessary repairs to the vehicle Two payments were not made and the vehicle was repossessed What can we done?
Seek an attorney for a lawsuit! Make sure you have all of these documents for proof. Good Luck with this process! Wanda Improve Credit, LLC
How long does dealer have to keep insurance on vehicles after bought?
a dealer should have a bond. The coverage on the vehicle is like having a liability policy. If the dealer was driving the car and had an at fault accident, he will have to pay for repairs on his vehicle and the bond will cover the other persons car. Once you buy a car from a dealer, you are responsible for purchasing insurance for the vehicle, the dealer is no longer liable. In fact, the dealer should require that you have insurance before you drive the vehicle off the lot.
Can a used car dealer repossess a car that is not in delequent of payment?
No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.
What is finance at a car dealer ship?
Finance means you take out a loan to pay for the vehicle, then you make regular payments to repay the loan.
If you are current on your payments can the car dealership who sold you the car repo it or is the bank that is financing the vehicle the only one who can do that?
The bank/finance company. The dealer has already been paid for the vehicle
How long does dealer have to ask for car back in Virginia?
Why would a dealer ask for a car back? If you are referring to how long he has to repossess the vehicle after you stop making payments, the answer in most states is immediately.
What are the differences between an automobile lease and an automobile loan?
When you take out a loan to buy a vehicle, you will be asked to make monthly payments for a certain number of years. At the end of that time you will own the vehicle. When you lease a vehicle, you make monthly payments for a certain number of years and then you give the automobile back to the dealer.
If the car dealer lies to you?
can a car dealer promise to make repairs and not do it
What do you do if the dealership where you purchased your vehicle closes and you have problems with your car?
IF its warranty repairs, go to another dealer of the same brand. If not warranty, go anywhere you feel comfortable.
