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.
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.
Depends on your jurisdiction. If you're late on a payment for just 1 month, it's legal for the car dealer to repossess your vehicle, but 27 days seems a bit uncalled for.
Returning the vehicle will not relieve you of the responsibility for the debt. Typically your lienholder will sell the vehicle and charge you for the deficiency balance. However, if you cannot pay for the car the lienholder will repossess it and follow the same procedure. Also, unless the dealer provided "in house" financing they probably have no further interest in the vehicle. You are now obligated to pay the bank or finance company. In this case the dealer may not allow you to return it to the lot.
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.
The bank can repossess their (not 'your' vehicle until you possess the pink slip) vehicle at any point where it's accessible to them, including places of business.
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.
The buyer has the right to surrender the vehicle before he picks it up. Or pay for it.
If the car is financed through a bank, the bank is the only agency with authority to repossess the vehicle. The dealer, once paid by the bank, no longer has any claim to the vehicle.
No, they'd repossess your car.
Yes - if the car loan was with the dealer, the dealer can sue the debtor for the balance of the car loan after the car is sold to someone else.
what is the MSRP on this vehicle what dealer has the vehicle
Dealer invoice is a term used to describe dealer cost of the vehicle.
There is no set time when a lender may instigate repossession action. If the contract is defaulted on for even a day, in most states the lender can seize the vehicle, although it is not usually in their best interest to do so.
Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.
depends what you're trying to return it for. if it falls under your local "lemon" laws then you have grounds for a refund of purchase otherwise you're stuck with the vehicle or you can stop paying and they'll come repossess the car.
No. They can only collect the total owed them once. They can repossess your vehicle, sell it for next to nothing, and collect the remainder from you and the co-signer, part from each, or all from one or the other, but not all from both. (If they're smart, they'll just go straight to the co-signer, since the co-signer is presumably creditworthy, and will pay up without much argument. Of course, then you have Dad to deal with!!)
You will have to pay any balance due after the car is sold and then it ruins your credit.
A dealer cannot just "take your car back" which is quite simply, "REPOSSESSING THE VEHICLE" for no reason. There would have to be some kind of violation of the terms of sale/payment for them to repossess it, & they would still have to file some kind of legal action or go to a COURT and obtain approval and paperwork authorizing them to repossess the vehicle. If this had been the case, you would have been served notice that you had to appear in court to admit/dispute the dealer's claim, and would have been given the opportunity at that time to work out an agreement with the dealer over the dispute, & the court would have sanctioned either the agreement between you & the dealer, or ruled in favor of you or the dealer. Any way that the court ruled would have been entered as a court ordered judgment and entered in the court records and both parties to that action would have been given a written copy of the ruling. If none of this occurred, and the dealer cannot show written proof that he obtained the legal right to repossess your car, quite simply, the dealer has STOLEN your car. If that is the case, call your local Police Department and file a stolen car report, and give them all the information as to where the vehicle was taken from and if you have spoken to the dealer and know for a fact that they have the car (as in they admitted to you that they took the car) and the car's location.
The requirements for getting a Vehicle Dealer License in California can be found on the DMV website. Some of the linked documents can be found on the website for information. Some of the examples of what is required are the vehicle dealer handbook and the original dealer license forms.
SRS malfunctioning. Take the vehicle to the dealer for repair. take the vehicle to a dealer
in most cases they will sell the vehicle at dealer auction, then bill you for the rest. example: you owed $13,000 at time of repossion. and the bank got $5000 for the car at auction, you would legally still owe the bank $8,000 . at this point you may be able to work out a payment plan with the lender, but failure to pay will result in a lawsuit.
It depends on the dealer and vehicle. Usually the mark ups the dealer add on like special mats, wheels, accessories and market mark up etc...
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.