You need to see an attorney (lawyer) for proper legal advice, but assuming you have a contract signed by both parties and assuming that you did not make any false statements in securing that contract and assuming that you have not defaulted on any payments required under the contract, No.
Equity finance is a way for a company to receive money in return for shares of its stock. It is a term generally used by small businesses as a vehicle to acquiring financing from investors who often require partial ownership or high returns for their investment in your business.
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Yes, if the bank refused to finance the car then the deal is off. The deal was contingent on the financing going through. It didn't so the deal is off. Look for financing somewhere else.
If you call the Bank; Finance Company and let them know that you are going to return the vehicle to them. They tell you where you can drop the vehicle off and you deliver it to that place. That is a voluntary repossession. The only other thing would be if the Bank; Finance Company agrees to pick the vehicle up at your residence at no charge.
Operating lease is a off-balance sheet financing because in operating finance company don't buy the assets but even then it enjoys to use the assets which helps the management to improve return on total assets as net income increased but no assets show in balance sheet.
Yes, you can return a used car to the finance company in Canada. However, you also can consider returning it to the dealer you bought it from as well.
Auto Pawn USA is a company which will accept your vehicle as security for a loan. Money can be handed over immediately in return for handing over your vehicle and the title to the vehicle. The company also sell used vehicles and can arrange finance options for the purchaser.
Return on capital employed means an accounting ratio used in finance, valuation, and accounting. Not to be confused with return on equity, it is similar to return on assets yet takes into account sources of financing.
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.
Yes, a voluntary repossession does not mean the buyer is not responsible for any of the remaining loan debt according to the original contract terms or for any additional fees.
talk to a lawyer type person in your state.
When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.