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usually called FRAUD

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15y ago
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Q: What happens when car dealer is misleading customer and finance company?
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Related questions

What happens if you no longer have the car and the finance company trying to repossess?

Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.


What happens if car dealer lies to finance company?

who the hell noes that?


What happens if you have a clean title and loan is secured can finance company still repossess?

Maybe


What happens if you part out a financed car?

You still owe the finance company the balance owed.


If a car on finance is stolen and insurance pays out but then the car is recoverd what happens to the car?

It belongs to the insurance company


What happens if the car gets stolen and its still on finance?

You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.


Insurance company max is 85 and customer misstates age on application what happens in 2 years?

If a customer mistates age such as he is 86 and the max the company will sell is 85 and after 2 years death occurs what recourse does the company have.


What happens if you contact a finance company about your car loan they will be financing and tell them know you don't want them to finance it?

As long as you haven't signed the contract, you will just have to find other financing.


What happens to a vehicle if the financial company says they don't want it and they sue the owner for remaining balance after repossession and sale?

If the finance company has sold it, you have you answer. How can you be so stupid?


What happens if your car gets stolen and you have no insurance and the car is on finance?

The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.


What happens when towing company auctions your car and you have a car loan?

Then you're screwed. The tow company put a mechanic's lien on your car, then they auctioned it off to recoup their costs. You're still liable for the payments you owe to the finance company.


What happens when a vehicle is totaled and you owe a finance company more than what the insurance company offers?

Auto dealers would normally offer you a Guaranteed Asset Protection plan attached to your amount of the auto. This GAP is technically insurance of your asset, the car for payment of the remaining amount owed the finance company after the regular insurance pays their amount.