Yes because that is what it is.
"Financed" is the past tense of "finance," synonyms of which include: back, bank, fund, patronize, sponsor, subsidize, support, pay for, pick up the check, and pick up the tab.
A car bought from a dealer is usually financed by a bank they want there money not the car back
Yes, They will take it back if you give them no other option. Of cours eyou will suffer the credit consequences.
Because the bank owns the car. The person that financed the car did not pay the bank.
Get someone to take over payments, via an ad in the paper. Trade it in, or give it back to the bank, and take the hit on your credit.
The new owner or bank can evict you 24 hours after taking possession of the property (usually the foreclosure auction).
To keep it's financed value in order.
Answerno.I have a car that is financed through a bank. I recently found out that it has a salvaged title and I am having problems with getting full coverage insurance. the bank along with me didn't know it was a salvaged title at the time so what can I do.
Barings Bank
Fraud
After they repossess the vehicle they will sell it for whatever they can get. You are then responsible for the difference in what they sold the car for and the balance owed on the loan. If you do not pay this amount they will take you to court.
Lenin and the Bolsheviks were financed in many ways. Some were by contributions from supporters, bank robberies (mainly by Stalin and called "expropriations") and the German government.