I signed the contract for a used car got approved,they wanted more info on income,i provied that.so everything was supposedly ok.they car lot reposessed my car in the middle of the night,no warning.I called the company that did the financing and they said they knew nothing about it.They said that my car should't have been picked up,no reason to pick up my car. I bought this car in december06.I have had this car for two months.
Can the car lot do this legally and can I get my car back.If not may I GET MY DOWN PAYMENT BACK AND BUY ANOTHER. Can I hold the car lot responsible for me missing my job. I JUST WANT MY CAR BACK.
2007-01-31 04:38:35 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
Once your financing is approved and signed, the car dealership is paid by the lien holder. they no longer have any interest in your vehicle whatsoever. It's yours! Did you call them anyway?
If the lien holder (financing company) did NOT repo your car, there is only one solution.. Your vehicle has been stolen.
2007-01-31 04:50:29 · answer #1 · answered by rob1963man 5 · 0⤊ 0⤋
I think the first question is are you sure that it was the dealer? You obviously didnt see them take it because u said it was in the middle of the night. We had this happen once and assumed our car was repossessed but we called the finance company and they said no too. We then realized our car had been stolen. Even if it was put on a tow truck that could have been the case. If someone wants the car bad enough they will find a way to get it
2007-01-31 05:02:07 · answer #2 · answered by Pinky75 2 · 0⤊ 0⤋
Sounds like you got robbed. Are you sure the car lot took it? Normally repossesion is done by the financer, not the dealer. Usually takes three months of missed payments too. Did you stiff the dealer on the down payment, or write them a hot check? Then they can take it back.
2007-01-31 04:46:31 · answer #3 · answered by Tim 6 · 0⤊ 0⤋
They shouldn't have asked you for anything more after you got your car. If you have made the payments since you got it, call them and complain. Threaten to bring the police with you. This doesn't sound right. Or, was it parked illegally? Like on a snow rout when they are trying to plow? Check that.
2007-01-31 04:49:01 · answer #4 · answered by Shari 5 · 0⤊ 0⤋
Nope with what I can find. I really want to help but I am new in this network. Forgive me as an old lady not able to give you the right answer...Sorry..
Call me if you really can't find the answer, I will ask my son or daughter to help. +65-81239846 (Pls call me).
2007-01-31 04:43:10 · answer #5 · answered by Sim Mong Kheng 1 · 0⤊ 0⤋