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You can take possession of a used car immediately if you have signed the paperwork for the loan or if you have paid cash. Sometimes the dealership will need to wash or clean out the car and they may have you wait.
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∙ 9y ago
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Can credit union hold title on car if car used as collateral and loan is default?
Yes. That's why the credit union has possession of the title. If you used the car as collateral for a loan and default on the loan the lender will take possession of the car and sell it to offset what you owe on the loan.
Can you rescind an agreement to buy a new car if you have not taken possession of it?
Yes. My fiancee and I just did that (California). We did not take physical possession of the car, and nor did we take "constructive possession." I.e., taking the keys to the car and leaving the car on the lot.
Can you return a used car to the dealer if you dont take possession?
I was told buy a used car manager that if the car does not leave the lot you do not own it. Even if the paperwork is all done. once it hits the street its yours.
How long can you return a car if you didnt take possession of it?
On a new car it is 3 days after you pay for it.
In Colorado you have perched a used car and have not taken possession of the car due to repairs you have second thought and wish to back out of this deal?
In Colorado you have perched a used car and have not taken possession of the car due to repairs you have second thought and wish to back out of this deal
Can I take possession of the car if I put a lien on a car because the owner didn't repay me money I lent him?
No, you can't.
A car is in your name but someone else has the car and was making pymts but since she stopped paying can you take the car back?
IF her name is NOT on the TITLE or loan, it is YOUR car and you can take possession of your car. Be SURE she doesnt have a contract with you.
What options does a buyer have if the co buyer has possession of the car and both are listed as the registered owners?
Well, if you take possession of the car, you cant be charged with stealing your own car so, a civil suit would be the next choice.
Can the cosigner who has been making the lease payments have the car repossessed so he can use it?
Don, IF your name is on the title as co-owner, you would just be taking possession of your own car. If its NOT on the title, you cant take possession legally.Why not go to the person in possession and tell them to give up the car??
I paid for a used car I do not have possession I don't want the car am I liable?
If The Car Is In Your Name , You Are Liable !! Unless You Have Legal Proof You Sold It.
Can you cancel car contract after you taken possession in Virginia?
Take advice from some good car dealers, they will explain you better.
Can a cosigner take the primary borrower to court to get possession of the car that the primary has made all the payments on and the car is insured and registered to the primary?
No.
