buy selling it for more than you owe on it .or pay the finance company the difference if sold for lees than the balance owed.
Actually a company can reposses your vehicle without notice. When the terms of a finance contract is broken the company has all rightd at that time. They are under no obligation to notify you.
It is probably stated in your finance or lease agreement that if you don't make your payments on time that the finance company has the right to repossess the vehicle. Consider yourself informed. Long story short, if you don't want your vehicle repossessed you need to make your payments.
They can take it and then try to collect the balance due on the contract.
Yes, a finance company can call to verify employment if they deem necessary.
Absolutely. Here's the thing of it - as long as they hold a lien on it, it is not YOUR vehicle - the finance company is the sole legitimate owner of it until you pay off that lien. When a vehicle gets impounded, there's a limited window in which it can be reclaimed before they auction it off - the priority of the state collecting on a debt outweighs those of private institutions, and they can sell the car with the purchaser being free and clear the moment they buy it and effectively break the finance company's lien on the vehicle. The finance company isn't going to be keen to let this happen, and will take steps to ensure that it doesn't, including repossessing a vehicle they fear will be lost in impound.
At the time South Canterbury Finance was the largest local finance company in New Zealand. The company started it's collapse in the summer of 2010 before collapsing August of 2010.
Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.
It depends on where you are. Here in Tennessee, there is no "cooling off" period. Once you sign the paperwork, the car is yours. The only way to change it is if the dealership and/or finance company agrees.
Welcome finance is a loan company in which they have a limited amount of loans. They are fair and helpful so if you have the chance of joining I recomend you do before they no longer have space.