If you put 3500 down on a 5200 car and financed 1700 can the finance company repo the car and demand the remaining 1200 to return it in Oklahoma?
READ the contract. What does it say pertaining to DEFAULT?? Look for a clause that says "right to accelerate the balance due"? Someone did put down a lot of money and desnt owe much BUT, the contract and state law determines what happens. Merry Christmas
Certainly timeshares can be financed; the companies which sell them do it all the time. On the other hand, finding a lending institution, such as a bank, or some other lending institutition to finance the timeshare is sort of like trying to find a bank to finance a piece of real estate on the Moon. Timeshares are profoundly illiquid. Purchasing a timeshare interst is easy; selling it is much more difficult. Getting some company other…
Can you cash a check written to you by your insurance company for a car that was totaled but still has remaining payments on it to a finance company?
If your car is financed you cannot sell it to a salvage company. Even if the car is beyond repair it does not technically belong to you until you have finished paying for it. Once you pay the finance company off you can sell it to anyone you please. The salvage company won't or shouldn't purchase that vehicle without a clean title.
This is your decision. If the vehicles are financed then the finance agreement you have with the bank or finance company will require that you carry physical damage coverage. If the vehicles are paid for and not financed then the decision is completely up to the owner of the business. The owner will have to weigh the risk of loss versus the premium to carry physical damage coverage.
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
According to most auto insurance policies, the company will repair, replace, or pay the actual cash value of the vehicle insurance if you have the appropriate coverage. If the vehicle is deemed a total loss, which means that the cost to repair is close or over the actual cash value of the vehicle, the company will pay the value of the vehicle to your finance company or bank if it is financed, and will pay…
Car stolen and recovered 6months later but inoperable and the car is repo and finance company settles with insurance company and then charge me the remaining fee is that legal?
The frequency with which insurance premiums are paid is initially determined at the inception of the policy; the insured usually has the choice of frequency. Options typically include monthly, quarterly, semi-annually, or annually. In some cases, premiums can be financed through a separate entity that is called a premium finance company. In those cases, the insured pays not only the premium, but a finance charge which is an interest rate calculated on and added to…
What happens when a vehicle is totaled and you owe a finance company more than what the insurance company offers?
If your truck is repossessed in Oklahoma is the finance company reqiured by law to get as much of the owed balance as possible.?
When you lease a car, you don't own it as you do when you buy one with a loan. When Leasing you are only paying for the time you use the vehicle, Imagine the Car cost $10,000 when the car is returned in 3 years time the finance company may say the car is going to be worth $5,000 you are only financed on the remaining $5,000 thus making your monthly payments cheaper, where as…
Cosigning for auto loans i am the primary on my sons auto loan he is behind and I have the title but do not know where the car is how can I get it back?
I do not understand how you can be in posession of the title when the vehicle is financed. The vehicle title is always held by the finance company until all payments are made and the loan balance is paid in full. As for locating the vehicle you will need to talk to your son, or let the finance company repo experts locate it and get it back then.
An acquisition is taking over of another company.It can be financed through internal cash accruals, debt, bonds,stock options. Every profit making company has a cash surplus, and this is the first asset that is used to finance the acquisition.Next,it can take loans from banks or even raise capital through an IPO(Initial Public Offering) or a FPO(Follow on public offer).
Can you sell your dirt bike when you financed it and use the money to bye a boat and keep making the payments?
Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?
If the vehicle you purchased is financed call your finance company (the telephone number should be on the bottom portion of your contract) to see if the flaw constitutes recontracting which means you will have to go back to the dealership and sign the contract paperwork again(it should not cost any money). If you financed your vehicle at a buy here pay here car lot then call them back and speak to the finance person…
Yes, Almost every Auto finance note contains language that requires you to maintain "Full Coverage" Auto Insurance for the term of your finance note. It just part of the contract you agree and sign when you financed the car. This is to protect the finance company from a loss of the vehicle. Remember the finance company still owns the vehicle until you pay it off. Failure to comply with the insurance requirements of the finance…
What do I do with a car that was voluntarily repossessed and the finance company won't come and get it?
While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.
You bought a car with gmac through finance after one month you realized that you made a mistake as you could not afford to meet the monthly payments what should you do?
Legally - you can't ! Until you've made the last payment - the car still belongs to the finance company, not you ! When you buy a car on HP, the finance company effectively buys the car on your behalf. They pay the seller, and recover the money from you. The car only becomes your exclusive property on completion of the final payment ! Having said that - some garages will buy HP cars. They…