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You have 2 cars financed with same company you are giving 1 back can the finance company repo the other as long as you pay for it?
Wiki User
∙ 15y ago
No, as long as you make the payments and do not default on the loan agreement on that vehicle they cannot take it. You will however be required to pay the deficiency on the loan of the car you are voluntary turning in. They will sell the car and you will pay the difference in what it sells for and the balance on the loan plus any fees associated with the repossession. Your credit will also be ruined for 7 years.
Wiki User
∙ 15y ago
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Can timeshares be financed?
Certainly timeshares can be financed; the companies which sell them do it all the time. On the other hand, finding a lending institution, such as a bank, or some other lending institutition to finance the timeshare is sort of like trying to find a bank to finance a piece of real estate on the Moon. Timeshares are profoundly illiquid. Purchasing a timeshare interst is easy; selling it is much more difficult. Getting some company other than the company which originally sold it to the buyer to finance the purchase is really difficult. (Obviously, the paper can be transfered to another company which basically collectes for the probable original vendor.) There are rare cases where timeshares are being financed. Usually, owners look for lending institutions to financed their timeshares. Yes, it can be financed. Some owners go to banks if they have a good credit history.
Will Toyota motor finance give loans to people who have bad credit?
Depends on how much is being financed and the amount of other debt. Some 500 beacons can be financed. below 500 is very tough.
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
What are the 3 types of finance campany?
There are 3 types of finance companies. The first type is known as depository finance company the other one is investment financial institutions and finally the contractual institutions.
Difference between internal and external business finance?
Internal business finance is departmental charges for production and such. External business finance concerns transactions that make money for the business outside of the organization, such as sales. Both this financial terms have great impact on running business. They are the key and most important difference between these two funding options. When a company uses internal finance, it takes advantage of existing supplies of capital from profits and other sources. External finance involves the use of money new to the company, from outside sources, to fund planned activities. External finance requires either going into debt or giving up control and flexibility.
Can timeshares be financed?
Certainly timeshares can be financed; the companies which sell them do it all the time. On the other hand, finding a lending institution, such as a bank, or some other lending institutition to finance the timeshare is sort of like trying to find a bank to finance a piece of real estate on the Moon. Timeshares are profoundly illiquid. Purchasing a timeshare interst is easy; selling it is much more difficult. Getting some company other than the company which originally sold it to the buyer to finance the purchase is really difficult. (Obviously, the paper can be transfered to another company which basically collectes for the probable original vendor.) There are rare cases where timeshares are being financed. Usually, owners look for lending institutions to financed their timeshares. Yes, it can be financed. Some owners go to banks if they have a good credit history.
How did the french finance their wars?
The French have financed their wars the same way that every other country has financed wars throughout history: taxes and foreign debt.
Will Toyota motor finance give loans to people who have bad credit?
Depends on how much is being financed and the amount of other debt. Some 500 beacons can be financed. below 500 is very tough.
You bought a car with gmac through finance after one month you realized that you made a mistake as you could not afford to meet the monthly payments what should you do?
First see if you can get the vehicle financed for a longer period of time, thus lowering your payments. If you can not do that then call the finance company and see if they can help some other way. Last, you may have to give the vehicle back.
Did Mark Twain finance and hang around with inventor Nikola Tesla?
There is no strong evidence to suggest that Mark Twain financed Nikola Tesla. However, they did have mutual admiration for each other's work, and Twain did visit Tesla's laboratory a few times. They were known to be friends and enjoyed each other's company.
Your vehicle was repossessed and the finance company charged you ''storage'' fee on the invoice to get your vehicle back can the repo agent still charge for storage?
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
I don't drive my financed car. Do i need auto insurance?
Undoubtedly your finance contract requires full-coverage insurance. They will want it insured because there are other causes of loss besides collision.
What are the 3 types of finance campany?
There are 3 types of finance companies. The first type is known as depository finance company the other one is investment financial institutions and finally the contractual institutions.
Can a vehicle be reposessed for no insurance coverage?
Yes, Almost every Auto finance contract requires the buyer to carry Full coverage auto insurance for the term of the finance note. Failure to company with the terms of the finance contract you signed is a default on the part of the buyer and subjects the vehicle to repossession and other remedies at the disposal of the finance company.
What does it mean when a business is privately financed?
It obtains its funding from sources other than public markets for ex it is not a company traded under the stoc exchange
Difference between internal and external business finance?
Internal business finance is departmental charges for production and such. External business finance concerns transactions that make money for the business outside of the organization, such as sales. Both this financial terms have great impact on running business. They are the key and most important difference between these two funding options. When a company uses internal finance, it takes advantage of existing supplies of capital from profits and other sources. External finance involves the use of money new to the company, from outside sources, to fund planned activities. External finance requires either going into debt or giving up control and flexibility.
