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What can a finance company do if you voluntarily give them their car back?
Wiki User
∙ 15y ago
They can keep the money you already paid.
Wiki User
∙ 15y ago
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How do you voluntary turn in your car at the dealership?
Unless the dealership is the one actually financing your car, you don't. You would turn it in to the finance company. You just call them and tell them you wish to voluntarily surrender the vehicle. They'll give you instructions on how to proceed.
Dealership can not finance car do we have to give it back?
find out another dealer who can finance your car.
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?
Sure you can, but you're still responsible for paying off the loan to the finance company. If the check will cover the pay-off, give it to the finance company. If it doesn't, give it to them, anyway. It'll reduce your debt by that much.
How do you give your car back to finance company?
Call and have them pick it up. it's called a voluntary repo. Just tell them you are unable to pay and they will come.
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.
You have 3 duis you have to let you car be repo whats next?
actually you do not have to get it repoed at all you simply have to make every payment on time. If you are not going to make your payments on time or just simply dont want to deal with the whole hassel of getting it repossessed then you should make arrangements with your bank or finance company to voluntarily give it back. You would benefit from this in many ways. If you just give it back then you would not be putting a double wammy on your record. it can be quite hard to comeback after a repoed car on your credit. as for the car the bank or finance company will sell your auto at an auction or to a third private party. You will still owe the whole loan and late fees and so on and so fourth.
If you give a car back to your finance company are you responsible for negative equity on the car?
Yes - unfortunately you didnt borrow a car, you borrowed money. Your car has depreciated faster than you have paid off your loan it is your responsibility to pay the rest not the finance companies.
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.
If you are a senior and thinking about having your car voluntarily repossessed and your daughter would then give you her car as a gift will the finance company have any rights to the second car?
No. As Stated They Would Have To Have A Lien On The Gift(Car) They Can Seek Judgement For Balance On Debt. The Car Is Yours They Have No Control Over Any Gifts You Recieve. GOD BLESS
When you give up your rights to your child how can you get your rights back?
There is no route to regaining parental rights once they have been legally and voluntarily terminated.
How can you have your car repossessed i lost my job and can't afford it.?
Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.
Who is a recovery agent?
A recovery agent is a person who repossesses or takes things back for financial institutions. If a person is financing a car and quits making their monthly payments, a recovery agent may come and take the car from the person and give it back to the finance company.
