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How do you legally get out of a car financing contract after 3 years if you signed up for a 5 year finance contract?
Wiki User
∙ 16y ago
Borrow the money someplace else and pay the note off. As far as just walking away, that is not an option.
Wiki User
∙ 16y ago
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What happens if you contact a finance company about your car loan they will be financing and tell them know you don't want them to finance it?
As long as you haven't signed the contract, you will just have to find other financing.
If i signed the contract for a used car but have not put a deposit down or had the financing go through Is the contract legally binding?
it depends on what the contract says - did you read it ?? Yes, it states and signed I paid $2000 down.
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.
Can dealership back out of signed contract once approved financing and drove the car off lot?
after approved financing and signed contract, have had car 8 days, can a dealership take car back?
Can you cancel buying a car after you have signed a contract for finance?
No you cant because you have signed a contract and it means you have to deal with it till it ends.
If you signed a purchase contract stating that the buyer would finance can you cancel the contract if you can't get a loan?
It depends upon the specific terms and conditions of the contract. If the contract simply states it is the buyer's obligation to secure financing, then you can NOTcancel the contract. If the contract states that the agreement is conditional upon the buyer's ability to secure a loan, then you CAN cancel the contract.
Can a dealer back out of a contract before the car is delivered?
As a general rule - no. A 'contract' is a legally binding instrument. Both parties to the contract agree to abide by the provisions of the agreement which they have signed. There may be circumstances which 'breach' the provisions of the contract and make it invalid (i.e.-financing is unavailable - the contract wasn't signed by by a 'lawful signatory' of the dealer - etc.) More specifics would have to be known for a more specific answer.
If you signed a contract to purchase a used car from a dealership and they have not told you who is financing the car after a week and didn't pay off the balance of your trade can you return the car?
If they do not know who the financing is then you havnt signed a finance agreement so in that case you should be able to return the car and get your trade back. sounds like to me they are shooping your loan to different lenders. Just make sure you didnt sign a finance agreement.
How many days do you have to return a used car in Tennesse?
Once you have signed the papers or finance contract, if financing, and you drive the automobile off the lot, it becomes yours. There is no 3 day right of recision in Tennessee.
Do you have to sign a new contract when financing a vehicle to make the payment higher?
Whenever terms on a contract are changed, a new contract should be signed.
Is a contract legal if the offer is not made seriously?
A contract is a legally binding document. If it was signed, it is serious.
If you signed contract on car but did not pay can you get out of contract?
Having worked for many years as the director of the finance department in an auto dealership, I can tell you with certainty that signing must accompany "delivery". That is, if you both signed AND drove off the lot -- OR -- signed AND had it delivered to your home, then you own it -- you might as well start paying the bill. If all you did was sign but never took delivery, then the dealer cannot legally force you to take the contract or vehicle. If the dealer attempts to "get funded" for the contract (get the money from the bank who is financing your vehicle), then all you have to do is simply call the bank and tell them you never took delivery of the vehicle -- they will pull the funding immediately. Furthermore, if the dealer is requiring you to sign another contract, this is illegal. You can re-sign if you want, but the first contract is legally binding (assuming you also took delivery).
