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You cannot. You could get alternative financing from another finance company and they buy out the original and everything transfers to them. When you signed the paperwork for the car, you promised to make payments and you are legally bound to do so. If you dont then the loan is secured by the car and the finance company comes and takes the car. IF you dont make arrangements to pay for what is owed, then the company sells the car for a huge loss, but they come back after you for the difference.
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Can you cancel a car purchase in NJ?
No you can not cancel a car purchase in New Jersey. There are however exceptions to this such as if the car has a serious mechanical defect.
Can a car dealership cancel a purchase?
A car dealership can cancel a purchase if they haven't received the right amount of money to honor the contract. Otherwise, they can't cancel a contract that has already been signed.
How long do you have to return a new car in Arkansas?
There is no 3 day right to cancel in Arkansas after buying a new car. A car can be returned however if the financing is not approved. Dealers can if they choose to offer a right to cancel.
What is the best way to finance a car purchase?
There are several options for financing a car purchase. If you are buying through a dealership, they may offer financing for their customers. You can also get a loan from your bank or credit union.
Can purchaser cancel auto financing?
The only time the purchaser can cancel auto financing is in the begining of the loan during the "interview" with the finance company. That is one of the reasons the dealership will not tell you who the finance company is before they get "funded" by the bank. If you knew who the finance company was before the dealership gets funded then you can cancel the financing. The other issue you have is the contract signed with the dealership. They can still say they will be the bank and stick you with the car and the financing.
Can you cancel a car purchase?
No you cannot. The Buyer's Remorse law does not apply to the purchase of a vehicle.
How do i finance a car?
Find the car you want, then apply for a loan w/ financing institution..
Can you return a new car in Ohio?
You cannot return a new car in Ohio. You can contact the bank and tell them you don't want the car and cancel financing but you could still be stuck with the deal you signed with the dealer.
Can a new car dealer finance a new car purchase?
Yes, new car dealers can finance a new purchase. Many dealers work with multiple banks to help find financing for their customers.
How long do you have to cancel a loan when you buy a used car from a dealership in Kentucky?
According to Kentucky's Attorney General, you have no right to cancel the purchase of a used car in Kentucky. One trick to get around this is to cause your loan not to be funded by the bank or credit union - this does not work if you got the financing from the dealer. Our credit union often advised people to write 'subject to financing by the xyz credit union' on the sales contract. Then, if they wanted to cancel the sale, they could tell the credit union to reject the application. A little falsehood might get you off the hook, or not. Call the dealer and tell them you are about to be fired from your job. That will generally cause them to cancel the loan but good luck getting the deposit back.
Where can you find financing to purchase an RV after bankruptcy?
where can you find financing to purchase an Rv after bankruptcy?
Can a car dealer change his mind and get his car back?
They usually don't change their mind. What happens is a dealer sales you a car and lets you drive off thinking the purchase is complete when in fact they do not have the financing secured. This happens mainly on weekends and after normal business hour purchases. If they are unable to secure the financing they will want the car back or you to get financing of your own.
