It would be the previous owner's loss.
Technically yes - the vehicle can be repossessed if you are 'in default' of your obligations under the contract. So while the usual way to default on the contract is by missing payments, it is possible for you to be in default by another way, outlined in the contract you agreed to.
YES.
This contract supersedes and replaces any previous terms and conditions that were agreed upon between the parties involved.
Even if you do not have a written contract you still have a verbal contract if someone has agreed to rent you an apartment for a specific price. Verbal contracts are also enforceable (although not as easily as written contracts, since there may be no concrete evidence about what exactly was agreed). In any event, if you agreed to pay rent, then you do owe the rent that you agreed to pay, contract or no contract.
Yes, they are contracted to collect on behalf of the original creditor and it's contracts with you.
You can try. They are not usually under obligation to accept it. You are under contract to make payments and you can be legally ordered to fulfill the terms that you agreed to. Most dealers will be somewhat lenient, as their normal recourse is to repossess the vehicle.
Late payment fees are agreed upon by you when you sign the finance contract, yes you owe the additional money as long as their addition of the fees is within the guidelines stated in the contract.
If you can't convince the police that you didn't sign it, then yes it is.
To fulfill the obligations that they have agreed to in the contract.
The meaning of obligation of contract is the legal duty of the parties to the contract to live up to the promise they make in contract. Thus mainly emphasis a moral duty on the contractors.
no i dont. if i agreed with you does that mean we have a contract??
Yes, unless a contract was signed, up until a contract is signed a buyer can back out at anypoint.