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what will happen now since the auto finance went out of business I just lost my job what do I do

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15y ago

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What can some one do if the dealer were he finance her car went out of business and he haven't pay off his car?

There isn't anything you would need to do. You still owe the money and will need to continue paying. A bank or something similar may buy the rest of your loan from the dealership. If that happens it will be their job to notify you.-------------------------------------------------------------------------------------------------It is not usually the dealer which actually provides the finance, it is a finance company that is separate from the car dealer.When you purchase the car and take out finance, the finance company pays the dealer in full what he is owed and you then repay the finance company.If you look at your finance documents closely, they should tell you this.You should therefore continue to pay for your car as you were doing before the dealer went out of business. However, for your own protection make sure that you get a receipt (proof) that you have made each payment. If you are notified in writing to change your payments to a new company do this if the paperwork matches what you had before.If you are in doubt at all, go and see an attorney (lawyer).


Does it take long to finance a car?

It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.


What if your business is about finances what is your nature of business?

car rental & cab services planing and finance


Is Capital One Bank considered a finance company?

They do make car loans, so they finance auto loans.


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.

Related Questions

Does the finance company own your car if the dealership is out of business?

If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.


How can you find the title to your car if the finance company went out of business?

You Can Get A Copy Through Your Clerks Office. They Will Have It Mailed To You. Cost About Five Bucks.


What if the dealership you bought your car from went out of business and the finance company does not have the title your car is paid off how do you sell the car without the title?

You should be able to go to the DMV and get a duplicate. It takes about 5 days.


How do you get a title if the car company went out of business?

No problem - the title has nothing to do with the car company - the title comes from the state.


What can some one do if the dealer were he finance her car went out of business and he haven't pay off his car?

There isn't anything you would need to do. You still owe the money and will need to continue paying. A bank or something similar may buy the rest of your loan from the dealership. If that happens it will be their job to notify you.-------------------------------------------------------------------------------------------------It is not usually the dealer which actually provides the finance, it is a finance company that is separate from the car dealer.When you purchase the car and take out finance, the finance company pays the dealer in full what he is owed and you then repay the finance company.If you look at your finance documents closely, they should tell you this.You should therefore continue to pay for your car as you were doing before the dealer went out of business. However, for your own protection make sure that you get a receipt (proof) that you have made each payment. If you are notified in writing to change your payments to a new company do this if the paperwork matches what you had before.If you are in doubt at all, go and see an attorney (lawyer).


Can a finance company report your car as stolen?

Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.


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Can a car payment be made with visa gift card?

As long as the finance company accepts credit cards, but when I was in the finance business a few years ago, nobody accepted them. But no you can not buy a car with a visa gift card.


How do you find out if the owner still owe a finance company on the car you are buying?

how do you find out if the owner still owe a finance company on the car you are buying?


Who get the money if the car is totaled and the car is on chapter13?

The insurance company will pay the finance company not you.


When your car gets towed and you have it finance but have no insurance or DL. can the finance company pick up the car for you?

ABSOLUTELY.


Does it take long to finance a car?

It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.