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Car down payment check bounced

Updated: 9/26/2023
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Dtownbrotha

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7y ago

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Q: Car down payment check bounced
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What will happen if your car down payment bounced and you made a particial payment?

The car will probably be repossessed.


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.


Is there any options if your check bounce on car down payment?

Immediately make the check good.


You sent a check for your last 4 months of car payments The finance company sent you a release of lien then called to say the check had bounced They just repossessed your car - is that legal?

In effect, the car isn't paid off. If you check your documentation, you will find that they can do that. If the cheque bounced, the payments haven't been made.


Car dealer forgot down payment?

The car dealer is not required to collect a down payment. The finance company is the one who usually asks for it. If they desire a down payment, they will contact you to get it.


What can affect your monthly car payment?

Interest and down payment.


Can you get your car back if you gave your car as a down payment?

No.


Can i refinance car loan with another down payment?

If you refinance a car another down payment is usually not required. I refinanced a car to lower to payments and it added another year to the payoff date of the car. I wasn't required to give a down payment.


Where could one get car insurance with a low down payment?

Car insurance companies do not require full payment upon acceptance. They do however ask for a down payment. If you go through a 3rd party you maybe able to get car insurance without a down payment.


Can a car be repossessed if you are late making the remainder of the down payment but have been on time making the car payment?

YES, making the down payment is part of the contract and you are in default on it.


Which financial firms offer no down payment car insurance?

Arguably the 2 most reputable insurance companies that offer automobile insurance with no down payment are "esurance" and "Car Insurance". Any other would typically involve at least a credit check.


What will the dealership do if your car down payment bounced?

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