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If you do not pay the down payment to the dealership within the agreed upon 30 days can they repossess your car?
Wiki User
∙ 8y ago
Mike, READ the contract you signed agreeing to do certain things in exchange for a car. What does it say about if you are in DEFAULT? If you dont perform any one of the conditions of your loan, they you are in default and can be repoed.
Wiki User
∙ 8y ago
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How long does a company have to wait to repossess a vehicle?
This would be determined by the terms of the loan agreement and the applicable local laws. Within the loan agreement there should be reference to the action that can be taken to repossess the car should non-payment arise.
Why is it important to provide information in the required format and within agreed time-scales?
Why is it important to provide information in the required format and within agreed timescales? Why is it important to provide information in the required format and within agreed timescales?
In which city is the Volvo dealership located in Australia?
There are many cities in Australia that have a Volvo dealership. Sydney, Australia is one of the many cities in Australia that have a Volvo dealership within the city limits.
Can a bank refuse a payment on a auto loan?
Absolutely. There are other reasons other than a late payment for a bank to repossess your car. Cancelled insurance or a big drop in your FICO score. If you seem like a credit risk to your bank all they have to do is wait for you to become delinquent once and they have the legal right to default the loan and get the asset back. At that point they can refuse payment and keep the vehicle in most states. The only way is to pay off the full amount of the loan within 10 days.
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.
If you can't make full payments on your car but do attempt to pay by making reasonable payments can it be repossessed?
Yes. It is an absolute fallacy that a creditor/lender has to accept any payment other than the full amount that was agreed upon in the original contract. Many consumer's are under the impression that as long as they make a payment of some type to a credit card issuer or lending institution, respossession or legal action is not possible; that is totally false. As soon as a borrower misses a scheduled payment the contract has been defaulted on and unless there is a "grace" period, the creditor can take any action deemed necessary. Additonally, the lender can continue to accept lesser payments and apply them to the interest and penalty fees and be within their legal rights to file a lawsuit, repossess a vehicle or begin foreclosure proceedings.
I owe 4 payments on a car but the total left on the car is more than the 4 payments the bank said that it is like that because of late payment fees can they repo if i pay just the 4 payments.?
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.
What are payment terms of AWB BL?
Payment terms include advance payment of goods and/or partial payment. In addition, a letter of credit can be submitted to the exporter of the good specifying a date which full payment will be received. This can be within 30, 60 or 90 days.
Can I void a sale I made within 72 hours?
No. You offered the item and agreed to the sale.
Why is it important to achieve projects within an agreed timescale?
It is important to complete projects within an agreed timescale because it guarantees that the project will get done on time. Having a timescale to complete a project also allows workers to plan how they will accomplish the goal.
Can you return a car to the dealership within three days if it has been financed but there was fraudulent behavior on the part of the dealership?
you can not return a car with in any amount of time unless the sale was made away from the dealership i.e. at your house if there was fraudulent behavior you might point that out to the dealership thay may be willing to take it back in lue of a legal battle
Time limit for returning a dealership motorcycle in MI?
There is not a specific law it is mostly based on dealership policy. Most of the time it is within three days, some dealerships work based on a thirty day policy.
