Yes, you can return a used car to the finance company in Canada. However, you also can consider returning it to the dealer you bought it from as well.
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
who the hell noes that?
My car was crashed and I lost my job. How do I return the finance car to the lender?
It belongs to the insurance company
usually called FRAUD
You still owe the finance company the balance owed.
Then you're screwed. The tow company put a mechanic's lien on your car, then they auctioned it off to recoup their costs. You're still liable for the payments you owe to the finance company.
there could be several reasons some of them being, sometimes car finance companys request stipulations for the loan such as proof of income, proof of address, proof of employment,
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.
how do you find out if the owner still owe a finance company on the car you are buying?
The insurance company will pay the finance company not you.
As long as you haven't signed the contract, you will just have to find other financing.
To the car dealer? To the rental company? To your friend? You have to be more specific in the question.
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
ask your finance company
It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.
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.
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.
You cannot return a car half way through a finance agreement without penalties. This is because it causes the owner a lot of stress.
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.