That's not going to happen. Unless the dealership is doing the financing in-house, they're already paid for the vehicle, via the loan you took out from the finance company to get the vehicle. It's the finance company you'd answer to re: the payment, not the dealership.
Thus far, I've never heard of any such thing happening - miss a certain number of payments, and the finance company sends repossession agents to collect the vehicle. However, it's not beyond the realm of possibility - vehicles with systems such as OnStar can be shut off remotely, and, although I have yet to hear of it happening, it is possible that a finance company could request OnStar disable the vehicle.
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.
Yes
i cannot afford my truck payment can i sell it 2 dealer and get cheaper car
Yes i will release the car back to the dealer even if i did made a first payment. Sandile
It means that the dealer might accept your car as a part of payment but of course the dealer and you have to agree on a price for your car.
How long a dealer will hold a car with a down payment depends on the dealer. It is a good idea to get a time frame in writing. Some dealers will sell a car within a couple of days if you do not complete the transaction.
If you are purchasing an automobile can the dealership file a warrant for your arrest if you miss a payment?
Depends on the contract you signed when you borrowed the money. With most lenders they can reposes their car if you miss one payment.
A car note is a car payment...paying a portion of money you and the dealer agreed on the car you bought.
your car can get taken away if u do not pay it in time!!
NO, you know when your payment is due. It is listed on the contract you signed. Miss a payment and they can repossess your car then next day.
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