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Is it normal for a finance company to turn down an immediate 2 month payment offer on a loan that is 5 payments behind on a 6 year old vehicle?

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2015-07-16 18:12:22
2015-07-16 18:12:22

YES, it is.

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It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.

No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.

Websites accept credit card payments through companies that offer payment and transactions processing services. The company processes payment, takes a fee and forwards payment to the company.

There are no Statue of limitations on repossession orders given to repo companies. Payments to the finance company can be squashed easily as going into bankruptcy!

The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.

You are going to have to put down a down payment and then you can finance the rest and pay in 9 or 10 monthly payments. It reall depends on the insurance company.

All cash payments made by the company.

If you had a dispute with a auto finance company that had put down that you had made a payment on a certain day and you and your bank no that you didnt but the finance company is trying to say that you did is it legal for this kind of stuff to be done?

The Western Union City Code for Chase Auto Finance payments is ChaseAuto-NY.

If you are not in breach of contract (ie haven't been late in the past), then the finance company has no right to demand early payment unless the contract states this as a provision. If you *are* in breach, or have been in the past, then the finance company has some leeway -- a bit of "you violated, so we violate right back."

can a finance company reposses your vehicle if you made your payment on the15 day

FIRST OFF,ALWAYS CHECK FOR LEINS OUTSTANDING ON ANY MOTOR VEHICLE.YES THE COMPANY CAN MAKE YOU PAY THE OUTSTANDING LOAN,IF IT IS WITHIN THE STATUE OF LIMITATIONS.THEY CAN ALSO REPO THE BIKE.THEY MUST HAVE THE DOCUMENTATION AND IT MUST HAVE BEEN REGISTERED.THE SOLUTION?PAY SMALL TOKEN PAYMENTS ON THE LOAN.IF A PAYMENT OF SAY,$15.00 IS RECIEVED AND THE COMPANY CANNOT REPO.MAKE SHURE THAT A PAYMENT IS MADE AT LEAST EVERY 90 DAYS.THE FINANCE COMPANY CAN THREATEN YOU WITH EVERYTHING SHORT OF DEATH.DON'T BELEIVE EVERYTHING THEY SAY.JUST MAKE SURE THAT TOKEN PAYMENTS GETS POSTED EVERY 90 DAYS.DO NOT PAY CASH,YOU WANT A RECORD THAT A PAYMENT HAS BEEN MADE.THE FINANCE COMPANY'S WILL HATE ME FOR THIS. ROCKIN ROD.

Not a wise idea because your contract with the finance company probable holds the vehicle as collateral. If you no longer have the collateral they can demand payment in full to satisfy the loan.

An immediate annuity is an annuity that begins making payments to you shortly after you deposit your money. The rate of interest you earn on this depends on age, payment options, and other factors.

Surprised the finance company would allow a second chance loan after one repossession already. If they did grant another loan, chances are that they would be watching the loan progress very closely and would take immediate action if there was a default on one payment.

Very little ! If you default on the payments, the finance company are quite within their rights to confiscate the vehicle. The camper does not become your property until you have made the final payment !

Generally a month. Sometimes if you ask your bank or finance company to defer the first payment for an additional month they will.

Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.

The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.

That's not going to happen. Unless the dealership is doing the financing in-house, they're already paid for the vehicle, via the loan you took out from the finance company to get the vehicle. It's the finance company you'd answer to re: the payment, not the dealership. Thus far, I've never heard of any such thing happening - miss a certain number of payments, and the finance company sends repossession agents to collect the vehicle. However, it's not beyond the realm of possibility - vehicles with systems such as OnStar can be shut off remotely, and, although I have yet to hear of it happening, it is possible that a finance company could request OnStar disable the vehicle.

the insured agrees to make a lum-sum payment or series of payments to an insurance company

The address should be on your statement. It is different for every bank or finance company.


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