answersLogoWhite

0


Best Answer

You have to look at the papers that you sign with the car dealer. Typically they make you sign an agreement to bring the car back in the event that they can not get you financed. If they did not have you sign something, then they will probably hold the note themselves and then you have to pay the car dealer. But the short answer is yes, you can not keep the car if you can not pay for it.

User Avatar

Wiki User

โˆ™ 2008-09-18 04:46:08
This answer is:
User Avatar
Study guides

Economics

19 cards

How long does it take for a check to clear

Are chemicals safe

How could the federal reserve encourage banks to lend out more of their reserves

What is M2 today

โžก๏ธ
See all cards
4.23
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
149 Reviews

Add your answer:

Earn +20 pts
Q: If you sign a finance agreement and now the bank wont finance you do you have to give the car back?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Can you return a certified used car if the finances have not gone through yet?

when writing up a sales agreement, you can include a statement like, "pending finance." only if a bank then deny's you financing... then you can give the car back


How can you finance the purchase of a home but have the seller give back to you about 10 percent of the purchase price for repairs?

The SELLER won't give back anything. You'll have to finance the home for 10% MORE than the asking price to get back what you need. If the value of the house isn't there, the bank probably won't finance it. You may have to work with someone who understands what you're doing and is willing to finance for over the current value.


Dealership can not finance car do we have to give it back?

find out another dealer who can finance your car.


What can you do if you bought a car then lost your job so the bank will not finance it and you want to give it back but your trade-in is already sold?

IF the bank/dealer cannot obtain financing, THEY have to rectify the situation back as before the deal fell thru. Call a local attorney for state specific advice.


Is there a form giving permission for a repossession of a vehicle?

Well, yes, there is. It is called the loan or finance agreement you signed when you got the loan for the vehicle. When you sign that, you give permission for the bank to repo the vehicle if you don't make the payments. Unless you are talking about a "Voluntary Surrender", if that is what you are talking about, just call your bank and they should have one.


When should i give my car back to the bank before or after filing bankruptcy in Alabama?

You give your car back to the bank after filing bankruptcy, the bank will ask your attorney for the vehicle back and give you a certain amount of time and the location to return it to. Definitely do not give it back before you file you will need to have it discharged legally from your debts.


What can a finance company do if you voluntarily give them their car back?

They can keep the money you already paid.


How do you give a foreclosed house back to the bank?

When the bank foreclosed on the house, they took it back. Now it's time to move out.


To give a flat which is mortgaged to SBI on rent in mumbai for 11 months under leave and licence agreement do you need NOC from bank Once the agreement is readydo I need to register it immediately?

To give a flat which is mortgaged to SBI on rent in mumbai for 11 months under leave and licence agreement do you need NOC from bank Once the agreement is ready do I need to register it immediately do I need the following documents for this purpose 1. NOC from bank 2. NOC from builder/society 3. Police verfication of the tenant 4. Registration of agreement in the court


I am thinking of buying a car from a seller who still has loan payments. How can i be sure i will get the title from him after i pay the finance company?

Go to the bank or finance company and tell them what you are doing. Don't give the seller any money untill you have worked it out with the finance company.


If a person dies can you give car back to bank?

If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.


Will a bank give you 10000 pennies if you give them 100 dollars?

no of course not, it sends you back in time(;

People also asked