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Can a car dealership cash your check that was used for down payment if you were never approved for financing?
Wiki User
∙ 13y ago
A check given to the dealership will be cashed. This is normal in business.
Whether they can keep the money or have to return it is based on what your purchase agreement reads.
Where I live if the purchase agreement has "Subject to financing" on it the down payment must be returned if the dealer can not get you financing and you can't get outside financing.
If it does not have that in it they get to keep the money.
Wiki User
∙ 13y ago
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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?
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.
Where can you get free information about car financing?
You can get free information about car financing from either a bank or a car dealership. You might also want to check with your insurance company. If you are buying a car from a dealer, I would talk with them first.
Where can one find information on car loans?
The first place to start with car loans is at a local dealership. They usually have all the information regarding financing thru their company. Check with local banks for outside financing.
How long does a car dealership have to pay off the financing on a trade in?
I don't know but you might want to check out the following site: http://www.consumeraffairs.com/automotive/dealers_nv.html
Can you stop payment on a check after taking delivery of the vehicle?
Once you drive the vehicle away from the dealership you have taken possession of it and cannot stop payment for any reason without committing fraud.
Who has the best deals with financing available on cargo trailers in the Dallas area?
You should check with your banking institute and find out what financing options they have. They are going to be your best bet for financing rather than going through the dealership. When you go to purchase your trailer, I would suggest going to Hawn Freeway Trailer Sales. They have a great selection of trailers and they do offer 9.9% financing if you qualify.
How is the payment of workmens compasition insurance set up?
Once a Workman's Compensation claim is approved, payment will then start. Workman's Compensation can either send you a check for your payment or you can set up a direct deposit so the payment will automatically go into your bank account.
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.
What is the site Champion Auto all about?
The website Champion Auto LLC. is a car dealership. Cars are both sold and bought. On the site one can view the inventory, search for a certain car, and check on financing.
Who does Auto loan financing with a 590 credit score?
Most buy here pay here, private dealership's but, be prepared to pay high interest rates. Also, most of the vehicles will have high mileage and minimum of $1000 down payment. Check your local listings. The best suggestion would be to use public transportation while you try to rebuild your credit.
Where can one buy a used Chrysler Jeep?
A preowned Chrysler Jeep can be purchased at a used auto dealership. Check your local listings for a dealership near you. Another method is to find someone who is selling their Chrysler Jeep and negotiate a price and payment method.
Can a dealership take back your car after 2 weeks if they originally qualified you but then couldn't.?
yes they can...you probably signed something that said "pending approval" and the bank said no thank you. Check your contract. In fine print it will give you a number of days that the dealer has to get your financing approved..if they go past that then it's their problem not yours. If not you have to give the car back or try to finance at a higher rate with more money down usually.
