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If a down payment is put down on a vehicle and it is never picked up, it is possible to get out of the deal. However, the down payment will probably stay with the seller. The seller has the right to sell the vehicle again if it is not picked up in the agreed upon amount of time.

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11y ago

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Related Questions

If you signed all the paper but did not make the down payment can you back out of the car deal?

If you signed all the papers but did not make the down payment, can you back out of the car deal? No, once you sign the paper you are locked in. If you back out you will take a credit hit.


What is the minimum down payment required for a car purchase with a 50 down payment?

The minimum down payment required for a car purchase with a 50 down payment is 50 of the total cost of the car.


Do you need a down payment for car insurance?

No, you do not need a down payment for car insurance.


For a two-door car that is marked at 6995 a car dealership offers a down payment deal of 1000 or 20 Percent down with approved financing How much is the difference between the two offers?

399.00


Car dealer forgot down payment?

The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.


What can affect your monthly car payment?

Interest and down payment.


Can you get your car back if you gave your car as a down payment?

No.


How does the down payment affect the monthly payment amount when purchasing a car?

The down payment on a car reduces the amount of money you need to borrow, which can lower your monthly payment amount. A larger down payment typically results in a smaller monthly payment, while a smaller down payment usually leads to a higher monthly payment.


Can i refinance car loan with another down payment?

If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.


Where could one get car insurance with a low down payment?

Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.


Where does the down payment go when purchasing a car: to the dealer or the bank?

The down payment when purchasing a car typically goes to the dealer, not the bank.


What will happen if your car down payment bounced and you made a particial payment?

The car will probably be repossessed.