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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.
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∙ 10y ago
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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.
Can a used car dealer repossess a car that is not in delinquent of payment but had late payment history?
Yes
You cannot afford your truck payment can you sell it 2 dealer and get cheaper car?
i cannot afford my truck payment can i sell it 2 dealer and get cheaper car
If the car has problems that the dealer cannot or will not resolve can you just release it back to the dealer if they haven't received a payment?
Yes i will release the car back to the dealer even if i did made a first payment. Sandile
What does part exchange mean in car dealer ship?
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 will a dealer hold a car with a down payment?
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.
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?
How many payment's can you defer a car 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.
What is a car note?
A car note is a car payment...paying a portion of money you and the dealer agreed on the car you bought.
What happens when you miss a car payment?
your car can get taken away if u do not pay it in time!!
Do they have to send you a letter to let you know your car payment is due?
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.
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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