I'm pretty sure a minor couldn't get a loan
Only if the two loans were "cross-collateralizied".
Yes.
Yes, if you are not making the payments the bank can repo your truck.
They can if you did not comply with the terms of the loan.
The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.
There is no licensing requirements to repossess cars in Arizona. The truck has to pass DPS inspection but that is it. So buy a truck and happy hunting.
== ==
No. They can only repossess the power unit they were sent to repossess - they cannot take the trailer. At that point, it's theft. Especially if it's loaded.
If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.
he cannot take the truck while the trailer is attached. But he can unhook it then take the truck. Just put locks on the chains and the hitch. He could still cut the locks off...but ???
If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.
To tow an exhibition trailer, a large truck and hitch will be required. In a general sense, a medium duty truck is required. The best way to describe this is the average tow truck that is used to repossess or tow away standard vehicles.