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What happens if a Florida car dealership cannot give you financing at the rate you signed for?
Wiki User
∙ 13y ago
The same as if a Georgia dealership, or Michigan dealership, or Massachusetts, New York, New Jersey, Virginia, or a dealership from any other state cannot do so. Actually it is not a question of the dealership, it is a question of what the lender will do. The lender is the party that accepts the risk of loaning you money to purchas a vehicle. If they determine you are not an acceptable risk, then the dealership cannot sell you a car. The dealership has no liability to you.
Wiki User
∙ 13y ago
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Can a 16 year old get financing from a dealership?
A 16-year old cannot get financing from a car dealership because they are not old enough to enter into a legally-binding contract. The age of 18-years is the youngest that a person can sign any kind of legal contract.
Can a dealership keep your car if they cannot approve financing?
They cannot keep the car you were attempting to trade. They can and will take back the car that they were trying to get you financed on. They would be in possesion of a contract for the sale of a vehicle for a certain amount. If that amount cannot be collected from you in cash or a bank in the form of a loan, then you are in default of payment.
How do you transfer car title when the car is financed with a different owner but I make the payments on the car?
Typically you cannot transfer the car title because the person who is financing the car doesnt even have the title, the title stays with the bank. Youd have to go to a dealer with the person and have the dealership work that out
If a person buys a car but the dealership cannot obtain financing and wants the car back will they refund a 2500 dollar downpayment made to them?
Bill, it is NOT up to the dealership to get financing. YOUR CREDIT can be such that NO one can get you financed at any DP, or interest rate. READ your contract closely. It likely covers such a thing happening. A similar scene happened to a friend recently. Yes, the money should be returned b/c without financing, there is no contract. Without the contract, no "deal" has been made.Your car and all monies exchanged should be returned. In his case, the dealership sold his trade in and made more money from it than they gave him for the car. They actually had to pay him more than his car was worth in the first place,which he used for a downpayment on another car. Don't let them trick you into anything. Good Luck
What happens to remaining payments if you trade car in?
The remaining payments are usually rolled into your new car loan. The dealership cannot transfer the title into their name without the vehicle loan being paid off.
What happens if estate cannot pay the debts in Florida?
If possible the estate has to pay off the debts. If the estate cannot do so, they distribute according to a plan as best they can. If the court approves the distribution plan, the debts are ended.
Can you add someone to morgagefrom the start?
The mortgage refers to the financing of the deed to a real property. A person cannot be on the mortgage unless they qualify for the financing. They can be on the title though and have no financial connection.
What are the benefits of using owner financing?
Owner financing is a great option for buyers who cannot get a conventional mortgage for one reason or another. Either they do not have a steady income history or they have no job.
Can felon sell car at a dealer ship in California?
Typically, no a felon cannot sell a car at a dealership in California. Unless, of course, they are the outright owner of the car in which they are trying to sell to the dealership, (and have all the paperwork to prove this true) OR they are under an employment agreement with the dealership, and it is their job to sell cars at the dealership.
What is a limit on the power of congress to regulate the financing of political campaigns?
It cannot control how candidates spend a subsidy.
Can a dealership sale you a car with a suspendened license?
Technically they can, but they probably wont, and you cannot test drive it.
Can a car dealership or repo have your driver license suspended for 3 months of non payment?
No, they cannot.
