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The dealership doesn't do anything. Its the bank you fiance the car through that takes action. Missing one is not anything serious but if you miss three or more in a row they will start calling you non stop and soon enough they will get somebody to repo it from your possession
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If you fail to complete the deposit for your down payment but are already financed and making car note payments can the car dealer repo your car for the remaining down payment?
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Can you use a car loan as a down payment on a car?
ya of curse you can use the upside down car loan for buying a new car...
Two Ways To Finance?
Vehicle financing can be done two ways. You can go to a buy here, pay here car dealership that will sometimes report to credit agencies. If you have good credit, you can finance a car at a larger dealership. Small buy here, pay here lots require a smaller down payment and the monthly payments are not as expensive. You have a choice of when you would like to make your payments during the month depending on how you get paid. Larger car dealers can offer specials to customers on down payments and monthly payments. They will definitely make a report to a credit agency, and the payment will be due at a certain point in the month.
How long do you have to be on your job to get a car loan?
Depends on your credit and down payment
What is the down payment?
Down payment (or downpayment) is a payment (Paid on the Ground) used in the context of the purchase of expensive items such as a car and a house, whereby payment is the initial upfront portion of the total amount due and it is usually given in cash at the time of finalizing the transaction.
What will happen if your car down payment bounced and you made a particial payment?
The car will probably be repossessed.
What stuff do you have to pay when you are going to get a new car at a dealership?
You will need to pay a down payment when you get a car at a new dealership.
Can a car dealership repossess your car if they say you owe them more money for a down payment?
A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.
Can car dealership keep your down payment after returning the car?
It depends on how the contract was written. It also depends on the laws of the state and the condition of the car when it was purchased.
Can a dealership repo your car for stop payment?
Yes they can.
What right do you have in North Carolina if your automobile was reposessed because your check bounced?
It's almost unheard of for a car to be Repo'd because of one missed payment or bounced check, there has to be a history of non or late payment in order for them to take the car.
Can a dealership take back a car due to miss payment?
If you are purchasing an automobile can the dealership file a warrant for your arrest if you miss a payment?
What if a car is repossessed in error?
Take your papers down to the dealership and discuss it. Unless they picked up the wrong car, it is likely you missed a payment or so.
Are there websites that can calculate car loan payments?
There are websites that calculate your car loan payments. Most dealership websites have a payment calculater on there site that will allow you to enter your down payment amount and will calculate your payment after taking everything into play.
2 find a car dealership willing 2 take your trade in as a down payment and b able to make monthly payments for the remainder of car?
yes and no
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
In the State of Arizona can a dealership repo a car if you are current on your payments but they made mistakes and never got your down payment?
Need more info how did they make the mistakes and not get the down payment? Well, technically yes. If you signed a finance agreement that stated a down payment and you didn't give a down payment, you breached the agreement. Whether it be by their mistake or yours. Now, is it right? No.
