0
Does a bank have to pay tickets on a car it has financed or leased?
Wiki User
∙ 13y ago
No. Tickets must be paid by the driver or the individual leasing the vehicle, and not by the bank. However, once the vehicle has been repossessed, the bank is then responsible for the vehicle (including any tickets which may accrue).
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
How do you get rid of a financed car and or leased car?
Get someone to take over payments, via an ad in the paper. Trade it in, or give it back to the bank, and take the hit on your credit.
Why would a bank sell someone's car?
Because the bank owns the car. The person that financed the car did not pay the bank.
What is the collision deductible for in auto insurance?
You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.
Is it a crime in Kentucky to pull the motor out of a financed car?
no its not!! it is technically your car so you can pull it out but you still have to make the monthly payments! you can't pull the engine out of a leased car though!!
What is it called when a car dealer gives the bank false information about a car in order to get it financed?
Fraud
If I take my car back to the bank that financed it will they process it as a repossesion?
Yes because that is what it is.
What if you bought a car that still has a lease?
When a car is leased at the end of the lease is a residual. This is the difference between what the car cost new and what was paid in the lease. Did you buy the car from the person who leased the car? Did they pay off the lease with the money you paid them? If not, there is a problem. A car with a lease is NOT owned by the person who leased it so that means the bank owns the car and has the pink slip. You have to get the pink slip from the bank. Actually, the person who sold you the car may have illegally sold the car. It would be like someone renting a house and then selling it. Check with the bank that holds the pink slip.
Can the registration be in your granddaughters name if you are financing the car?
yes, just as if the bank financed a car, registered in an operator's name.
Can a salvaged title car be financed?
Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
Can you return a used car purchased from a dealer?
A car bought from a dealer is usually financed by a bank they want there money not the car back
Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?
A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.
Where can one get low interest financing for a leased car?
One can get low interest financing for leasing a car either from the car dealer or the bank. The bank is likely to have lower interest rates and will accept the car as collateral for the loan.
