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Do you still have to pay car payment to the car dealership if your car was a write off?
Wiki User
∙ 11y ago
It depends. Normally, if you car was repossessed, the finance company will "write off" the balance, but that does not mean you don't have to pay it. The company normally sells the car at an auction and you owe any deficiency balance. In other words, if you owe $10,000 on the car and it only sells for $6000, you will owe the $4000 difference.
Wiki User
∙ 11y ago
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What stuff do you have to pay when you are going to get a new car at a dealership?
You will need to pay a down payment when you get a car at a new dealership.
Can a dealership repo your car for stop payment?
Yes they can.
Can a dealership take back a car due to miss payment?
If you are purchasing an automobile can the dealership file a warrant for your arrest if you miss a payment?
Can a car dealership repossess your car if they say you owe them more money for a down payment?
A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.
Can a car dealership or repo have your driver license suspended for 3 months of non payment?
No, they cannot.
Can car dealership keep your down payment after returning the car?
It depends on how the contract was written. It also depends on the laws of the state and the condition of the car when it was purchased.
Are there websites that can calculate car loan payments?
There are websites that calculate your car loan payments. Most dealership websites have a payment calculater on there site that will allow you to enter your down payment amount and will calculate your payment after taking everything into play.
Can you sell a car to a dealership if you still owe money on the car?
Yes, Because then they would be responsible for taking care and paying for the car. The slang term "upside down" refers to when you owe more than the car is worth. If you sell a car to anyone (including a dealership) for less than you owe you would be the one responsible for paying the difference. The dealership will verify with the fiance company what payment is required to release the lien. For example if you owe 10,000 on your car and the dealership will give you 9000, you would have to pay them 1000 to take the car. If you're trading in the car, then the shortage can sometimes be rolled over into the new car purchase.
What if a car is repossessed in error?
Take your papers down to the dealership and discuss it. Unless they picked up the wrong car, it is likely you missed a payment or so.
2 find a car dealership willing 2 take your trade in as a down payment and b able to make monthly payments for the remainder of car?
yes and no
Dealer did not sign contract?
The car dealership did not sign my contract, is it still binding?
Where can I find a car calculator?
You can find a car calculator by asking your local dealer for monthly payment options. You might also try asking someone at the car dealership for more information.
