As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
The bank can repossess the car if payments are not made.
Perhaps if they bought it after you defaulted or had a history of late or missed payments.Perhaps if they bought it after you defaulted or had a history of late or missed payments.Perhaps if they bought it after you defaulted or had a history of late or missed payments.Perhaps if they bought it after you defaulted or had a history of late or missed payments.
Not legally, but if you bought the car from Barney's backyard sales & mower repair, maybe.
It is not a good idea. If that person does not make any payments then you are on the hook. The ownership can not be changed anyway, because it is listed as security under a registry.
Not really enough information to answer the question. What was your age when you 'bought' the car? What is your age now? If under legal age - are you legally emancipated? Whose name was the vehicle titled in? Who was the vehicle registered to by the DMV? (????)
Bought a used vehicle but discovered that it is not in good condition, what should i do?
First see if you can get the vehicle financed for a longer period of time, thus lowering your payments. If you can not do that then call the finance company and see if they can help some other way. Last, you may have to give the vehicle back.
If it is a used vehicle and the contract states that you bought it "as is", you can not return the vehicle. Unless you were somehow misled as to the deal, the vehicle, or the contract, and can prove it, you can not return the vehicle.
You cannot return a vehicle. If you bought the used car "AS IS" with no warranty then you bought it as is, which means, exactly that, AS IS. If however you bought it with a warranty then the warranty may cover the repair.
A property that is bought by means of monthly payments is said to be paid by installments.
No, the buyers remorse laws do not apply to the purchase of any vehicle new or used in any state. You bought the car and you own the car.
More than likely no. You have a bad situation. You made the payments but the other party actually owns the vehicle. In other words you may have just bought this person a car. You need to talk to a lawyer.
Collected by the State when you register the vehicle.
You can trade the vehicle in - but you would probably not qualify for a loan by yourself with no income.
I am pretty sure that you can just delete any payments and just start the payments over and then you should get your LIVE
Find out yourself!
This is the date the vehicle was first purchased and used by the original owner, which means when the vehicle was bought NEW and not when the second owner bought it used.
If you bought the vehicle you cannot return it period. The Buyers Remorse law does not apply to the purchase of a vehicle. You bought it an you own it.
The answer is NO. There is no cooling off period on the purchase of a vehicle. You bought it, you own it. Besides it is now a used car worth way less than when you bought it.
The lender sells the vehicle, sometimes at auction. They attempt to get whatever they can for it. Often the price the lender gets is less than the outstanding loan. If the lender gets less for the vehicle than the amount that is owed, the lender will seek the balance (the difference between what was owed and what they sold it for) from the borrower. So, lets say you bought a car for $1000. You quit making payments. You still owed $800 when the vehicle was repo'd. The lender sells the vehicle at auction and gets $500 for it. The lender will come after you for the remaining $300. That's pretty much how it works. Bottom line: make your payments. This is where aflac comes in handy.
Who owns the car, the co or the person?
It means that the vehicle is priced really well and is bought real fast!
Depending on how long you have owned the Jeep you have a couple of options. 1. Say you've owned the Jeep for 20 months and have another 40 months to go. You have paid off a certain amount of the vehicle and usually the bank can readjust your loan back to 60 months of payments. This will lower your monthly payment. 2. If you recently bought the Jeep you can tell the bank your situation and they may be able to lower your payments for a determined amount of time.