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If you signed a contract to purchase a used car from a dealership and they have not told you who is financing the car after a week and didn't pay off the balance of your trade can you return the car?
Wiki User
∙ 16y ago
If they do not know who the financing is then you havnt signed a finance agreement so in that case you should be able to return the car and get your trade back. sounds like to me they are shooping your loan to different lenders. Just make sure you didnt sign a finance agreement.
Wiki User
∙ 16y ago
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What can the dealership do if the consumer cancels the loan with the finance company before the paperwork is received?
Technically, your legal agreement is with the car dealership, so any subsequent changes with your financing may be irrelevant to your contract unless your agreement was dependent upon acquisition of financing. You may have cancelled your loan but this doesn't directly translate to cancellation of the contract you signed with the dealership. They won't give you the car with a balance due, but you may be subject to fines/penalties, it all depends upon the contract and the dealership. Review your contract terms and try to work with the dealership to resolve the issue.
Difference between on balance sheet financing and off balance sheet financing?
In off-balance sheet financing assets are not shown in balance sheet while in balance sheet financing fixed assets shown in balance sheet.
If you do a voluntary repo and the dealership sells your car do they have any right to collect interest?
The contract called for interest as long as you had the car. IF they get a judgment for the balance owed on the contract, it will call for interest until it is paid. READ your paperwork.
What are the off balance sheet financing?
Off balance sheet financing means those agreement due to which asset is used by business but no affect on balance sheet like operating lease.
If someone made payments to purchase vehicle and to pay remainder of balance when picking up the vehicle then changes mind is there a refund owed on payments?
No. You are not entitled to a refund if you made payments toward the purchase of a vehicle. In truth, if you signed a contract to purchase the vehicle, that vehicle is now secondary to the contract, you could still be held responsible for the balance of the loan, whether or not you still have the vehicle.
Does your partial downpayment have to be returned to you if you never paid the balance and the dealer repossessed the car a few weeks after purchase?
NOT unless the contract stipulates that it will be. Otherwise, it is a contract in DEFAULT with the collateral in the lenders possession.
What is rosylns monthly payment Roslyn has decided to purchase a 14000 car. She plans on putting 2000 down toward the purchase and financing the rest at a 6 interest rate for 4 years?
The answer will depend on whether the interest is calculated on the monthly balance or annual balance. On an annual basis, it will be approx 290.
If you take a car back to a buy here pay here do you still have to pay the balance?
Yes, of course. Read your contract. A BHPH lot offers alternative financing to people who can't get financing otherwise. The terms are the same as any standard financing agreement. Bringing a car back, whether voluntarily or involuntraily is still a REPO. So, the dealer has the option to sell your repo at whatever price he accepts and sue you for the balance. This isn't Wal-Mart!
Can a buy here pay here dealership in Georgia sue you for a balance on a voluntary surrender if you call to have them pick it up?
You can be sued depending on the terms of your contract. All that "surrender" means is that you gave up the car without a fight. It does not necessarily mean a cancelling of a contract.
When do leases provides off balance sheet financing?
Operating lease provide the off balance sheet financing because in that case company enjoys to use the asset but it is not shown in balance sheet which keeps the ratios in favourable conditions.
Why lease financing is off-balance sheet financing?
Operating lease is a off-balance sheet financing because in operating finance company don't buy the assets but even then it enjoys to use the assets which helps the management to improve return on total assets as net income increased but no assets show in balance sheet.
If You Are With Orange what number do you ring to check your balance?
150 if your on contract, 453 if your not on contract.
