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What if a dealer put the car title as owner in one name but on the loan agreement the owner is in a different name with the actual owner listed as a co-owner?
Wiki User
∙ 13y ago
In this circumstance, any scrupulous automobile dealer will shy away from this transaction as it is entering the "Straw Purchase" arena. However, to properly answer this question, more specificity is required. I will try to offer a scenario that may relate to the answer you are after. For instance; If Owner and co-owner are disclosed as such on the certificate of title and the finance contract, then the transaction is out in the open. e.g., there is no attempt at obfuscating the issue. Therefore, this would not be a problem as long as the two parties are deemed credit worthy by creditor. In most cases, automobile dealers are only a link to the lenders and don't determine credit worthiness unless they are also the lender.
Wiki User
∙ 13y ago
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Can a vehicle be returned to a dealer within 30 days of purchase?
That will depend on the state and local laws, the purchase agreement, and the dealer itself.That will depend on the state and local laws, the purchase agreement, and the dealer itself.
Once you have a signed contract from a dealer can the dealer go back on his word?
Once you and the dealer have signed the contract, it is a binding contract agreement and it responsible by law. You can take him to court if he doesn't keep his part of the agreement.
In Illinois do you have to pay sales tax at the dealer for a used car?
If you live and register the car in Illinois then you will pay the Illinois car dealer for the sales tax. If you live in a different state than where you bought the car the dealer might collect the sales tax if the two states have a cooperative agreement. If the states do not have an agreement you will pay the sales tax when your register the car.
How long do you have to return a motorcycle to the dealer?
depends on your contract agreement and if it was under warranty. most likely you can return it if you talk to the dealer.
Are All Franchises Entitled For SBA Financing?
Small business administration requires overview of a franchise agreement, license agreement, membership agreement, co-op agreement, dealer agreement, jobber, or similar agreement to find out if the affiliation is available that will disqualify you in the program.
Car Dealer's License Requirements in mass?
In Massachusetts, a car dealer's license requirements include a zoning application for,. articles of organization, and franchise agreements. It also includes purchase and sale agreement, lease agreement, and worker's compensation insurance affidavit.
Is it possible to back out from a car contract if the dealer promises to fix the blemishes and then dosent and said its your resposibility in Indiana?
The only ways to back out of the contract are 1: If you have a written agreement with the dealer to fix the problems. 2: Verbal agreement with the dealer to fix the problem. then if one of these 2 exist, it would be a small claims court deal and the dealer is suppose to be the expert and the court will recognize that and hopefully side with you.
Can the dealer change the agreement after signing the contract?
It seems like that would be illegal, you wouldn't be allowed to change the agreement, so I don't think the dealer could. If it's not illegal, its very unethical. Check your dealership at the Better Business Bureau, you can also file a complaint there.
Do you have to return a leased car to the same state and same dealer?
That would depend on what it says in your lease agreement.
Will a warranty of clean title from a dealer protect you if the actual title is not at hand?
yes
What will a car dealer pay you for your car if your are not trading in?
About half of it's actual value.
What items are included in the dealer cost figures?
The dealer cost figures are different than what you typically see in the dealer cost invoice. Included in the dealer cost invoice will be the standard cost of the car to the dealership from the manufacturer as well as factory installed options and delivery charges. It does not include any discounts or rebates the dealership was eligible for which will lower the actual dealer cost figures. You will have to ask specifically for those figures when shopping for a new car.
