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How long do you have to cancel a loan when you buy a used car from a dealership in Kentucky?
Wiki User
∙ 13y ago
According to Kentucky's Attorney General, you have no right to cancel the purchase of a used car in Kentucky. One trick to get around this is to cause your loan not to be funded by the bank or credit union - this does not work if you got the financing from the dealer.
Our credit union often advised people to write 'subject to financing by the xyz credit union' on the sales contract. Then, if they wanted to cancel the sale, they could tell the credit union to reject the application.
A little falsehood might get you off the hook, or not. Call the dealer and tell them you are about to be fired from your job. That will generally cause them to cancel the loan but good luck getting the deposit back.
Wiki User
∙ 13y ago
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If you cancel a student loan and still owe less than 200 dollars will this prevent you from receiving a grant that you qualify for?
No, as long as you are not in default on the loan.
Are cars available for finance?
You can finance new or used cars. You can lease a car or take out a loan, though a loan is better in the long run. Your dealership usually has a person who assists in getting you a loan.
Where can I get a quick auto loan?
First start with a local car dealership. If that doesn't work then try your local bank, especially if you've had a long relationship with them. You can also try a buy here pay here dealership.
How long does it take to get a car loan?
Sometimes just long enough to sit down at the car dealership with the salesman while he checks your references, credit and income. An hour and a half.
Can a check cashing loan be turned into a warrant if check bounces and what is the statute of limitations on this in Kentucky?
Written agreements in Kentucky are long. They have 15 years to bring a case. And if it is a felony, there is no statute of limitations.
Is cancel a short a or long a?
is cancel short or long vowel
How long Kentucky?
Kentucky Lake is 184 miles long.
how long is Kentucky?
Kentucky Lake is 184 miles long.
How long must a pawn shop hold an item under Kentucky Law?
60 days from the maturity of the loan which is 30 days making a total of 90 days
How long is Kentucky Lake?
Kentucky Lake is 184 miles long.
How long is the Kentucky river in Kentucky?
100
Can a car dealership let you drive off with two cars and then a week later tell you that you weren't approved and that you need to bring back the cars?
It depends upon your state, and the contract you signed. The retail installment contract (long form) will have a paragraph/provision for "seller's right to cancel" and spell out how and when they must contact you. If they miss the time period listed in this provision, then they can not cancel. Also, if they try to get you to put more money down, and/or change the terms of the contract, you need to make sure the contract shows the new date and not the old one (it's fraud if they backdate). One way around this is to improve your credit - the dealership approves your financing based on their belief that they can get someone to purchase your loan. If they can't find a willing bank, they need to get their car back. If none of their banks will buy your loan, it means your credit is that bad. Pay your bills and lower your debt.
