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Answered 2014-08-22 01:35:40

The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.

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How long a dealer will hold a car with a down payment depends on the dealer. It is a good idea to get a time frame in writing. Some dealers will sell a car within a couple of days if you do not complete the transaction.


This is not your car. The down payment enables you to have the privilege of a contract. So, pay up.


Sure if the dealer will accept it.


I THINK SO. THE CONTRACT HASN'T BEEN COMPLETED UNTIL THE DOWN PAYMENT IS MADE. HE'LL PROBABLY VOID THE CONTRACT FOR FAILURE OF PAYMENT.


A dealer can do whatever they want, they are not legally obliagted to sell you any car.


I believe you can get your down-payment back if you do not have the car. But, if the dealer is doing that to sell the car after you have made a downpayment (depending on what the contract/receipt states) then you mave have legal options against the dealer. Some lawyers have free consults. I would contact a lawyer for free consultation before getting my down-payment back because the dealer may have breached a prior agreement/contract, whether verbally or written. State laws may differ.


In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?


i cannot afford my truck payment can i sell it 2 dealer and get cheaper car



It means that the dealer might accept your car as a part of payment but of course the dealer and you have to agree on a price for your car.


Depending on what you signed when you made the down payment, yes. Take a look at any papers you signed. Depending on the size of down, take them to small claims court.


A car note is a car payment...paying a portion of money you and the dealer agreed on the car you bought.



It will depend on the terms you have with the dealer. If all of the down payment is going to principal on your car then you would subtract that amount and that would be the amount left on your loan. If only a percent is applied to the amount then subtract that percent from the amount.


If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.


Yes, of course. But the dealer will only do a trade this way if your car is worth much more than the car he is selling to you.



Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.



Buying a new car can be very exciting and very expensive. The down payment for a car is dependent on the buyers credit, how they are planning on financing, and the lot in which the car is bought. A down payment for a car can range from $50 to $2-$3,000.


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.


When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.


btw the dealer never got deal bought by a lender because down payment was not paid is partial deposit refundable?


YES, if you are in default of the contract, the collateral can be repossessed. Read your contract again.


Yes, if you pay your car payment at a car dealers office they will charge a late fee. Anytime a payment is late, the dealer has a tight to charge late fees.



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