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Why does a dealer sell you a car and then tell you to return it because your credit did not go through?
Wiki User
∙ 13y ago
That would happen only if the dealer has extremely poor business practices.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What happens if you return your motorcycle?
Return it to what? The Dealer? They take all the money you gave them and leave a nasty mark on your credit.
You bought a car for your fiance and now the wedding is off you need to get rid of the car Can you return the car to the dealer And how will this affect your credit?
In general, you cannot return a car to a dealer. You can sell it back to them, though. Selling it won't affect your credit.
How does a reposession of a car affect your credit?
It of course effects your credit score. To learn more about your credit score visit either Experian, TransUnion or Equifax. If you can not pay for the car, the next best thing would be to return it to the dealer. Contact the lender and inform the company what you intend to do. If possible, return it back to the dealer you purchased the car from.
Can you return a new car to the dealer because you cannot afford it?
No, you cannot just return it to the dealer. The dealer has nothing to do with this unless the dealer is also the lender. You must return it to the entity who loaned you the money to buy the car in the first place. It is their car until you pay for it. This is called a voluntary repossession. You will be required to pay the deficiency. That is the difference in what you owe on the vehicle and what they sell it for at auction or private sale. Your credit will also be ruined for 7 years. You will save repossession fees by turning it in voluntarily.
Can you return a used car to the dealer without it hurting your credit?
Yes, you can, if you're returing under a warranty. Warrnanties make you able to return the car whenever you want.
Can you return a lease car back to dealer?
trying to lease a car but have credit bad .dealer work with me but after 3 hard credit inquiery he asking for more information about other family member the credit check took 7pts off my credit .now drop more only had car for two days been calling and txt all weekend for more information can just return the car way question and need more information
Can you return a car bought from a dealer if car broke in less then 2 months?
Yes but it would be worth less money than before because of the damage. If you are asking can you return it for a refund, the answer is NO if you bought it "As Is". If it has a warranty then the dealer will repair it. Talk to the selling dealer.
Can you return a faulty car back to a dealer after five weeks?
You can usually return a faulty car back to the dealer, but to be repaired. You cannot return a car unless the dealer refuses to have it repaired.
How long do you have to return a new car to the dealer in Missouri?
Once you sign the papers, it is your car. You cannot return it unless the dealer agrees to the return.
How do you obtain homebuyer credit?
If you are talking about the first time homebuyer credit, you will be able to receive this credit if you purchased a home between 2008-2010. To claim your credit you must do some through your annual tax return.
If you have two years left on a leased vehicle but you can no longer afford the payments can you return the car to the dealer?
You will have to pay any balance due after the car is sold and then it ruins your credit.
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.
