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I am the buyer but co buyer has car and hasn't make the payment what are my rights?
i am the buyer made payments but the co buyer has the car and has not made any payments what are may rights
Very generally speaking, cobuyers (cosigners) have the same rights to the vehicle as the primary buyer, however, you may or may not have the right to take possession of the vehicle without permission of the buyer. Some states have specific laws about taking possession of a vehicle under those circumstances.
What else can I help you with?
Difference between buyers credit and letter of credit?
Buyer's credit is extended to finance the purchase of goods or services. A letter of credit guarantees that a payment will be received. If the buyer doesn't make a payment, the bank has to pay.
What is Journal entries for letter of credit?
A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.
What is advance payment guarantee?
buyer will sometimes make an advance payments to the seller to enebled them to start acquisition or production of goods.
What is the difference of sales invoice and charge invoice?
A sales invoice is a document issued by a seller to a buyer, detailing the products or services provided, along with the total amount due for immediate payment. A charge invoice, on the other hand, allows the buyer to make a purchase on credit, indicating that payment will be made at a later date. While a sales invoice typically requires prompt payment, a charge invoice reflects a credit agreement between the seller and buyer, often with specific payment terms.
Can the first time home buyer credit be used or considered in the financing of the home such as down payment?
No, it cannot. It can make it easier to pay for a home, but will not make it easier to purchase one. :-(
Does the down payment matter to the seller when negotiating a real estate transaction?
Yes, the down payment can matter to the seller when negotiating a real estate transaction as it demonstrates the buyer's financial commitment and ability to secure financing for the purchase. A higher down payment may make the seller more confident in the buyer's ability to close the deal, potentially leading to a more favorable negotiation outcome.
Can you return a new car if you can't afford the payment?
No. Once you sign the papers, you are the owner. You're not the owner until you make the last payment. You were just the buyer and the person who gets to drive around in it as long as you make the payments or you finish buying the car in full.
What are your rights as a co-signer if the payment is not made by the borrower and you make the payment?
It depends on whether your name is on the title as co-owner. If it is, then you have equal rights of possession. If NOT on the title, you have the right to KEEP ON PAYING to protect your good credit. Have fun
Can you sell your car to a buyer and use the money you make to pay off the bank for what is still owed on the car?
If the buyer knows what you intend to do. Any smart buyer is going to want to look at a clear title before he/she makes any kind of payment to you. It is something you can't hide from the purchaser, but you can hide it from the bank.
What is the difference between usance and deferred payment LC?
Ah, what a lovely question! Usance and deferred payment LCs both involve payment terms in trade transactions, but there's a subtle difference. Usance LC allows the buyer a specific period after receiving the goods to make the payment, while deferred payment LC allows the buyer to make the payment at a later date agreed upon in the LC. Both methods offer flexibility and trust between the parties involved in the transaction.
How does a business accept net 30?
This means payment for a purchase is due in 30 days, net of any discount due the buyer. Buyers would accept it because it delays payment and obtains a discount concession for timely payment. Sellers accept it because they want to make the sale and these are typical terms of payment in their industry.
Can a buyer move cattle onto land before closing on the sale?
No, because technically and legally that would be perceived as cattle rustling, especially if the buyer "forgets" to close the sale and make the payment after taking your cattle. The money must be paid in full before the buyer can legally remove the cattle from your land. If he/she cannot make the sale, the cattle must stay. No ifs, ands or buts!
