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Does the finance company own your car if the dealership is out of business?
Wiki User
∙ 13y ago
If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.
Wiki User
∙ 13y ago
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Can dealership repossess car if i bring it in for service?
No, but the finance company can.
Can the dealership take your car?
If you mean can the dealership take your car, if you don't make your payments. Yes. Usually the finance company will take your car, because the dealership has already passed your account to the finance company. If you have made a deal for a car that the dealership later discovers you don't meet the financial criteria, they will take your car back and offer you a lesser model for deal that suits your budget better.
What if the dealership you bought your car from went out of business and the finance company does not have the title your car is paid off how do you sell the car without the title?
You should be able to go to the DMV and get a duplicate. It takes about 5 days.
What car dealership offers the best car finance deals?
Most toyota dealerships off the best car finance deals through their own finanace company. In Dallas Champion Toyota is noted as probably the best dealership to get a car financed through.
Dealership can not finance car do we have to give it back?
find out another dealer who can finance your car.
What can I do My Car Finance Company Went out of Business?
what will happen now since the auto finance went out of business I just lost my job what do I do
If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.
How do you locate a car dealership that has went out of business?
If theyre out of business there wont be a car dealership
Can purchaser cancel auto financing?
The only time the purchaser can cancel auto financing is in the begining of the loan during the "interview" with the finance company. That is one of the reasons the dealership will not tell you who the finance company is before they get "funded" by the bank. If you knew who the finance company was before the dealership gets funded then you can cancel the financing. The other issue you have is the contract signed with the dealership. They can still say they will be the bank and stick you with the car and the financing.
Will dealership notify finance company to repo your car if you bring it for service?
Nope. The dealer is completely unaware of your financial situation.
Car was purchased from a dealership car was traded for another bank paid off car and car title says that I am the legal owner and registered owner Is the car legally mine dealership out of business?
Just becasue the car dealership went out of business does not mean you now own that car. It is more than likely that the finance that was used for your car was provided by another party..... Sadly, you will have to continue making payments
Can a dealership reposes your car for a downpayment even if you are up to date with the finance company and the finance company paid them already?
No, the dealership cannot repossess your car for a downpayment. However, if there was a downpayment paid, and your check bounced, that's passing bad checks, which depending on the amount of the down payment, could be a felony. Read the fine print on your contract and you'll see that if the car is related to the commission of a felony, it puts you in default, which means the finance company can repossess your car. It's all in the fine print, but dealerships and finance companies are all in business to make money, and they pay people like myself very well to make sure their interests are covered. I'd suggest paying your downpayment.
