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Lender doesnt have title to car recently financed. Dealer closed did not do DMV paperwork never sent title to finance company Lender tells me I will never get clear title but must pay loan true?
Wiki User
∙ 16y ago
If you have the bill of sale the DMV should be able to point you in the right direction. Talk to the lender about your options, too! Maybe they'll take the car back. If you have no paperwork, youre out of luck!!!
Wiki User
∙ 16y ago
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What happens if you part out a financed car?
You still owe the finance company the balance owed.
Does the finance company own your car if the dealership is out of business?
If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
What if you find a flaw in paperwork after purchasing a used vehicle?
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 and point out the flaw and they should be able to tell you if you need to recontract.
Is it illegal for a finance company to use a financed vechicle as collateral?
you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............
Can a finance company change your registration when trying to repossess your car?
Is it legal to? NoIs it possible to? NoThe finance company does not have possession of the vehicle so can do nothing with the paperwork on that vehicle until the do secure possess of it.
Can I be financed $10,000 for my restaurant business?
Advance Restaurant Finance is a great company to go through to help furnish your restaurant. The best part about this company is that they require NO collateral.
Can a repo agent be charged with grand larceny?
Only if they do not have the correct paperwork from the finance company whom has the right to repo the vehicle.
How do you sell a car that is still financed to a provate party?
Legally you can't ! The car belongs to the finance company until it's paid off !
What to do when your financed car breaks down?
When your financed car breaks down, you need to get it fixed so you can drive it and keep paying your loan at the same time. If you can't afford to get it fixed, you can give the car back to the finance company.
When was Freedom Finance founded?
Andrew Housser founded Freedom Finance in 2002. The founder of Freedom Finance had previously worked in the financial service industry and the company has recently expanded.
Can timeshares be financed?
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 than the company which originally sold it to the buyer to finance the purchase is really difficult. (Obviously, the paper can be transfered to another company which basically collectes for the probable original vendor.) There are rare cases where timeshares are being financed. Usually, owners look for lending institutions to financed their timeshares. Yes, it can be financed. Some owners go to banks if they have a good credit history.
