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YES IT CAN. IF YOUI GO ON CLARKHOWARD.COM YOU WILL SEE FACTS ON SOMETHING CALLED A BAIL AGREEMENT. THATS WHEN A BANK SAYS THEY ARE FINANCING YOU AND YOU PUT DOWN A PAYMENT BUT THEY HAVEN'T REALLY APPROVED YO9U FOR THE LOAN YET. ITS BEST TO GO GET A CAR IN THE MORNING THAT WAY OU CAN TALK WITH SOMEONE AT THE FINANCING BANK. YOU CAN END UP OWEING THE DEALER OR THE BANK MONEY JUST FOR KEEPING THE CAR.
What else can I help you with?
Do you have to sign a new contract when financing a vehicle to make the payment higher?
Whenever terms on a contract are changed, a new contract should be signed.
When can a car be repossessed in Texas?
In most instances when you get behind on your payments. The exact details of when the lender will repossess the vehicle is listed in the contract you signed when you took out the loan on the vehicle. Read your contract with the lender.
Can a car be repossessed in California without a lien being placed on the title?
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
If a contract was signed in Chicago IL can the car be repossessed in any state?
Yes, your car can be repossessed in any state if your contract was signed in Chicago. You can not move to a different state and keep your car without paying for it.
Can dealership back out of signed contract once approved financing and drove the car off lot?
after approved financing and signed contract, have had car 8 days, can a dealership take car back?
Is a cosigner liable for the balance of a repossessed vehicle if the loan company auctioned it without notifying them?
READ your contract you signed. Call a local attorney for state specific legal advice.
In NC what can be done if lender refuses to negotiate bal due on repossessed auto if they want 20000 for auto worth 10000?
not much, basically your hands are tied. when you pruchased the vehicle and signed a contract it was probably stated in there that if the vehicle is repossessed it will be sold at auction and the balance/credit of the debt is the responsibility of the purchaser
What to do when I am Overcharge on a used vehicle?
If you have already paid for the vehicle or signed a contract, there may not be much that you can do if you were overcharged. Some states allow you to take the vehicle back within 3 days if you are financing it, but that is not an option everywhere. You may just be stuck with it.
Can a lienholder repossess a car if it is not in default but in the impound?
As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.
If i signed the contract for a used car but have not put a deposit down or had the financing go through Is the contract legally binding?
it depends on what the contract says - did you read it ?? Yes, it states and signed I paid $2000 down.
How much time do you have before your car is repossessed?
Depends on the contract you signed and the state that you live in. Some states require a 15 or 20 day Right to Cure letter be sent to the debtor prior to repossession and some states allow the vehicle to be repossessed the day after you miss your payment.
Is the owner of the car responsible for any payments after it is repossessed?
As a rule, YES. Read the contract you signed for more info.
