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What will happen if your car down payment bounced and you made a particial payment?


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Wiki User
2005-11-21 18:10:33
2005-11-21 18:10:33

The car will probably be repossessed.


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When you put down a down payment the price is already set. You must get them to come down before you agree to purchase which is what your down payment represents.

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The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.

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