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Can a bank repo a car after the contract has expired and you still owe money on the loan?
A contract for a car loan does not expire. A borrower must pay the balance on the loan in full, according to the terms, in order to take ownership of a car. A lender can repossess a car at any time due to a default on the loan, even if there is only one payment left.
How do i break a contract on a car loan on a car you don't have because the car dealer couldn't fix the car?
write the car off
How are car loan defaults settled in court?
Under "contract law", in this instance the loan/payment agreement you signed at the time the car was handed over to you.
Is there a 3 day coolig period for reducing the size of a car loan on a signed contract?
No, the contract you signed is binding.
Can someone remove themselves from a car loan if you signed with another person as the car is being financed?
If they both signed the contract and were legally able to enter into a loan contract no names will be removed. All signers remain equally responsible for the loan until it is paid off.
What is the minimum age to obtain a car loan in California?
You must be 18 to sign a legal contract, i.e., to obtain a loan.
Can you cancel your car loan before you receive the money?
3 days after signing contract
Can a car be repossessed in California without a lien being placed on the title?
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
In a repossession do you have to pay off the entire car right then or just keep making your loan payments monthly for the duration of the loan?
It would depend on the contract you signed when you purchased the car.
Can a 20 year old get a car loan?
Yes, once you reach the age of majority, usually 18, you can signa contract and obtain a loan.
Can a bank repossess a car or sue someone with whom they have a signed contract even though the car owner has a clear title for the car?
YES, the contract is what they sue for unless the car is listed as COLLATERAL for the loan. Then they repo the car and sue ya.
If a car was paid for and then you took out a title loan against it for twice the vehicle's value can the title loan company repossess it?
Why would they NOT be able to repo a car they purchased the title to? READ your contract.
