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  • Repossession

How long does a car dealership have to pay off the financing on a trade in?

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βˆ™ 2015-07-16 18:31:03

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I don't know but you might want to check out the following site:

http://www.consumeraffairs.com/automotive/dealers_nv.html

2015-07-16 18:31:03
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Q: How long does a car dealership have to pay off the financing on a trade in?
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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?


Is it legal for a dealership to sell a car to someone with only a permit?

it is legal as long as they meet the financing requirements and insurance requirements of the financing. paying cash you bet.


How long is a car dealership required to keep a trade in?

There is no such requirement. They can sell it the next minute after you trade it in if they have a customer.


How long does a dealership have to notify that they can not get you financing?

A car dealership does not have a certain length of time to tell you. It is better business practice to do so when they tell you they will, within a reasonable period of time.


Can your car be repossed by the car dealership if i was never approved for financing?

You were never approved for financing to buy the car thus you do not own the car and the dealer has the right to his property....so yes they can


How long after paying can you get your car back?

Every person's financing situation with their vehicle is unique. You'll have to call the people that repossessed your car (your bank, the dealership) to find out.


Where can one receive financing for car credit?

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What are your options if you bought a used car in new car dealership got their financing and had an accident within 3 days of buying the car and no insurance?

You have to pay off the car. Unless there was a fault with the car that caused the accident, the dealership is home free. Surprising that they did not require collision insurance as part of the financing.


What services are provided at Carter Dodge?

Carter Dodge is a car dealership affiliated with Dodge and Chrysler. They offer new and used cars for sale. There are options on financing and trade ins. Dealership repair and maintenance services are also offered.


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.


Where can you get free information about car financing?

You can get free information about car financing from either a bank or a car dealership. You might also want to check with your insurance company. If you are buying a car from a dealer, I would talk with them first.


Can a car be sold to a dealership for another car?

Yes. It is called a trade in.


Where can one find more information about financing for cars?

To find information about car financing, you can visit your local car dealership, and ask them for information about the process of receiving financing. Also, some websites can provide you with reliable information, such as HowStuffWorks.


What is the best way to finance a car purchase?

There are several options for financing a car purchase. If you are buying through a dealership, they may offer financing for their customers. You can also get a loan from your bank or credit union.


When do you officially take possession of a new car from the dealership?

The moment you sign the contract, have financing, and they hand you the keys. The car is now yours.


Can you trade in a car you still owe on for a new car?

Yes you can, but it depends on the dealership you trade it to...some of them will be willing to pay it off when they receive it as a trade.


What are the chances that after trading in a vehicle for a new one you would have to give the new car back because financing fell through?

It's best to make sure you have financing before you buy a car. If you plan on getting financing from somewhere other then the dealership, and you have a set amount you can spend, you won't let yourself get into a car that you can't afford and you may be able to haggle the price with the dealership more.


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.


How many days does a dealership have to get the car back if they don't find financing in Chicago Illinois?

I'd say about 10...


Where can on trade in cars for a new Jeep Wrangler?

There are many local places to take your car to trade it in. Carmax is a well known car dealership that takes trade ins. You can also check your local Jeep dealership to see what they have to offer.


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The first place to start with car loans is at a local dealership. They usually have all the information regarding financing thru their company. Check with local banks for outside financing.


How long does it take for a car dealership to approve your car loan?

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Can a car dealership cash your check that was used for down payment if you were never approved for financing?

A check given to the dealership will be cashed. This is normal in business. Whether they can keep the money or have to return it is based on what your purchase agreement reads. Where I live if the purchase agreement has "Subject to financing" on it the down payment must be returned if the dealer can not get you financing and you can't get outside financing. If it does not have that in it they get to keep the money.


Can you pay off the car at the dealership you bought it from?

The answer depends on who loaned you the money to buy the car. The answer is yes if the dealer does his own financing. I think most dealers arrange financing with a bank or loan company. If that is the case, you make you payments to them.