Best Answer

Stopping a check on a car that has already been signed for is a breach of contract. Doing so will allow the dealership to pursue for costs that were promised to be paid.

User Avatar

Wiki User

โˆ™ 2014-09-18 00:14:06
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What would result from having my bank put a stop payment on my check for used car downpayment to Honda dealership even though car financing is through an out of state lending institution?
Write your answer...
Related questions

How does competition for financing determine how resource are allocated in the market economy?

Competition for financing determines how resources are allocates in the market economy by having the lending institution make the final decision regarding lending the business the funds to expand.

Can you get in house financing with a bankruptcy?

It is very, very dificult, especially in todays lending environment. Of course how far back it is, how much your downpayment is, and having completely pristine credit and income since can be helpful factors.

Question: Would a restaurant equipment supply outlet offer financing on purchases?

Some restaurant equipment supply companies may offer financing, some may contract it out to a third party lending institution and others will not.

Who is the beneficiary in a credit health policy?

The lending institution.

Do you get your partial downpayment back if you have to return the car due to not being able to come up with the rest of the downpayment?

That would depend upon the lending terms in the purchase contract, and in some US states the consumer law relating to the matter

What are the current car loan interest rates?

Interest rates vary depending on your credit history and the lending institution. You should speak with your bank to determine what they can do for you. In addition, many car delearships have promotions such as 0% financing.

How does a housewife get a personal loan?

At any lending financial institution

How do you borrow money from a lending institution?

Fill out an application for a loan.

What is credit unions?

a cooperative lending institution for a particular group.

Who prepares final loan documents for closing?

The lending institution.

Can you calculate your mortgage payment myself or should you rely on your lending institution?

Althought it is possible for you to calculate your own mortgage payments i would recommend that you rely on your lending institution to do this for you as it can be quite stressfull to do.

What is the difference between a financing lease and a capital lease?

A financing lease occurs through a bank/lending institution where payments are made that charge interest. A capital lease is usually a lump sum of money put up by the buyer or an investor to secure the property based on the terms of the lease for a given period.

Which lending companies offer no credit check car financing?

There are several lending companies that offer no credit checks on car financing, for example, Stoneacre. Other companies such as 'car loan 4 u' also offer this service.

Who mostly provides sendonary financing?

Banks and other lending institutions provide secondary financing. Individuals or businesses getting secondary financing may pay a higher interest rate.

Who can report to a credit reporting agency?

Any lendor or lending institution.

Will a car dealership do a credit history check in order for me to buy a new car?

Most car dealerships will do a credit check before selling you a car because the banks who are doing the financing want to know who they are lending money to. In these financially unstable times there are a few car dealerships advertising that if you have a job you qualify for a car loan at their dealership.

How can a person be add to a persons auto loan?

You need to check with the lending institution.

Why do banks impose lending limits?

Bank impose lending limits to avoid funding to speculative purpose and restrict the lending/funding to the business requirement or genuine requirement of the borrower. Over financing is always likely to be misutilised..

What is the difference between banking and financing?

A Banker who borrows money and lends money for the people is called as Banking.Whereas financing is the lending of money for the people with an interest for the use of people.

Need letter for lending institution explaining why I am moving into parents house with intent to purchase as permanent address?

A letter to a lending institution should not require why your move is taking place. The letter should only state the change in information regarding the loan (or mortgage), including your contact information and statements regarding the completion of payments on the loan (mortgage). An agreement between you and your parents regarding the purchase of their home is a contract between you and your parents. If changes are to be made with the lending institution, that is a contract between your parents and the lending institution and must be amended by them. In most cases, a meeting in person with you, your parents, and the lending institution should take place to amend an existing contract. Your letter should request such a meeting if changes need to be made.

Where can one find information about capital one auto financing?

Information on how to apply for Capital One auto financing is available on their website. You can read reviews for Capital One auto financing on Credit Karma and Lending Tree.

Is 247 lending group a scam?

I used 247 Lending Group for financing last week. My credit is less than perfect as a result of divorce. I was able to get approved for $5,000.

How does one get the property deed after mortgage is paid off?

Your lending institution can help you with this procedure.

FHA Lending institution in Portage, IN?

Private Lending Group is approved for that. 150 N Michigan Ave # 2740, Chicago, IL�?? - (312) 938-0492�??

Where do I go to get financing for a small business if the banks have denied me?

You can approach a local credit union. You can create a proposal on a micro-lending site like prosper or peer to peer lending site.