0
If you are within your three days of rescission, you return the car and are good to go. Otherwise, you are liable for the loan. You probably need legal advice to do otherwise.
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Can you cancel your car loan before you receive the money?
3 days after signing contract
How do you cancel a Loan. I want to cancel my loan of 400. How can I do that?
The only way to cancel a loan is to pay it off. The lender owns the loan and you have no control over it at all.
Can you legally loan your car to a friend if it's insured to you?
You can legally loan your car to a friend, if you own it, but be prepared to pay for any damages done to or by your friend, because your insurance won't and they might cancel your policy. You must inform your insurance carrier if other persons will be driving your car.
Can I cancel my business loan request before getting the funds?
Yes you can, but you have give some charges.
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
Can you cancel your car loan before you receive the money?
3 days after signing contract
Can a finance company cancel the loan if the signer doesn't drive the car?
No. The loan was made and the person who made it owes for the loan. To take this one step further if the car was wrecked the loan is still owed. So, it doesn't matter who drives the car.
How do you cancel a Loan. I want to cancel my loan of 400. How can I do that?
The only way to cancel a loan is to pay it off. The lender owns the loan and you have no control over it at all.
What do you do when the bank tells you they will cancel your arranged payment on a car loan account?
== Arranged payments== In my experience they will repo your car, if you dont make other arrangements.
Can you Cancel a parent loan?
no
Can you cancel a car loan if private seller won't sell car?
Only if you return the check issued to you intact before it was cashed or deposited it into a bank account. Deposit/cashing of check acknowledges loan money has been used.
Will insurance pay for a repossessed car?
Of course not! It wasn't stolen or wrecked, it was taken from you for failure to pay on the loan!Be sure to cancel the insurance.
How many days do you have to get out of an auto loan if you do not like the car?
On any loan agreement, in the US, a person normally has three days to cancel a loan contract. There should be problems with this at all. If there is, contacting an attorney will set things straight.
Can you legally loan your car to a friend if it's insured to you?
You can legally loan your car to a friend, if you own it, but be prepared to pay for any damages done to or by your friend, because your insurance won't and they might cancel your policy. You must inform your insurance carrier if other persons will be driving your car.
Can I cancel my business loan request before getting the funds?
Yes you can, but you have give some charges.
Can you cancel a car loan within a 3 day period?
No there are no laws which promote a 3 day grace period. But, some banks may have this in their contract which will offer a consumer more confidence in taking a loan.
How do you cancel a bank lien?
pay off the loan
