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You have entered into a loan agreement. This is a legal document that binds you to repay the loan. You cannot return the car as the cooling off period law does not apply to the purchase of autos, and cannot get out of this agreement.

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17y ago

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After you've signed papers on the car and the auto finance company rejects you for a loan can you bring the car back and not try to get another finance company to loan you money for the car?

YES.


What kind of loan is an auto loan?

An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.


In Virginia can your wages be garnished for an auto loan?

Yes providing an order has been signed by a judge.


Can a bank charge bank fee for an auto loan?

Yes, if you signed the contract that included it in the language.


What is the signed promise to pay back a loan?

It is called a note.


Which of these is a signed promise to pay back a loan?

promissory note


When does the statute of limitations begin on an auto loan in new york state?

It starts when the loan agreement is signed by the Borrower and Lender. At that point the contract is in effect.


Can you legally make partial payments for your auto loan?

It is up to the lender. You signed a legal agreement to pay the loan back monthly at a set rate. Anything less, and you leave yourself open to having the car repossessed. Set down with the lender and work this out.


What is a signed promise to pay back loan?

Collateral


Why did HSBC Auto go out of business?

HSBC Finance decided to sell their auto loan department to reduce their activity but they still continue to uphelp previously signed contracts.


If you cosign an auto loan and the dealer changes the contract and put you on the loan by yourself what can you do?

If you signed the loan documents without reading them and later learned that you were on the loan alone, there is very little you can do. Your should have read before signing. If the loan was changed after you signed the documents, someone must have forged your signature on the altered documents. Then the loan is fraudulent. You may have to involve the police and go to court, however.


If a loan company never has the application for notice of lien signed by the auto owner can they take your auto away?

Sure ... as it is not YOUR car ... you are not the OWNER of the car ... the loan company OWNS the car outright. If you do not pay for something that you buy on time, the loan company has every right to take it back. You see, they hold the owners title on the car, so it is theirs to take away if one does not make the payments anymore.