 |
Can the dealership charge you with auto theft if you are in default on your payments? |
[Edit] |
Answer
Not if you are on the title to the vehicle and own it. Whoever holds the loan on the vehicle can repossess the car however if you are late with payments. Contact the lender and work something out. You do not want your car repossess. Credit will be ruined for 7 years, and you will still have to pay the repo fees plus the difference in the balance on the note and what the car brings when they sell it.
First answer by Clay. Last edit by Clay. Contributor trust: 3458 [recommend contributor]. Question popularity: 37 [recommend question]
|
Also see on Answers.com Research your answer: |
- How is your credit affected when an auto loan is defaulted on by your ex-husband or ex-wife?
- Can you transfer your car lien to the car you are gonna trade it with?
- Auto dealership held payoff for truck you traded paying 30 days late sending you to Credit Bureau How do you calculate compensation?
- What was the average cost of a new honda accord in 1992?
Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Loans > Auto Loans and Financing > Can the dealership charge you with auto theft if you are in default on your payments?
Our contributors said this page should be displayed for the questions below. (Where do these come from ) |
| If any of these are not a genuine rephrasing of the question, please help out and edit these alternates. |
