Hello there...here's my problem. I live in Arkansas, and I have not been able to find a steady job that I can hold down, and that I enjoy doing. Recently, I went to Washington to visit a friend, and I saw a lot of opportunity for jobs, and I plan on moving up there, and taking my car with me to help me move my stuff. Here's the problem. When my father talked to the car dealership, they supposedly said that they would not let me leave the state until my loan was paid. Both my father and I are listed on the loan papers, and I plan on paying on the loan once I get settled and get a steady job, so it's not like I plan on skipping out on the car payments. I haven't checked my contract, but barring something on the contract, can they force you to stay in the state of purchase until the loan is paid off? The car dealership is one of those smaller 'buy here pay here' type of places. Any help with this would be certainly appreciated.
2007-02-22 13:41:39 · 12 answers · asked by Bonusround100 2 in Cars & Transportation ➔ Buying & Selling
Well, guess I should clarify a bit...mainly, I'm pretty sure they're talking about the car not leaving the state, and I have enough stuff that bus/air travel are not feasible for the move I plan to make. As for the financing, as far as I can tell, it's in-house financing.
2007-02-22 16:40:43 · update #1
Read the contract, and all paperwork, carefully.
Lenders can, and do have the right, to demand payment in full of a loan if you move outside of their lending areas, and most Buy Here Pay Here lots do this.
If you can not find anything in the fine print, then move, notify them of your new address, and don't be even 1 day late on any payments or else they can legally repo the car.
Most people don't realize that this is in fact legal, and is very common, especially on leases, buy here pay here accounts, and loans made through small, local banks.
2007-02-22 14:28:54 · answer #1 · answered by Robert S 3 · 2⤊ 0⤋
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2016-09-26 20:07:20 · answer #2 · answered by Tonya 3 · 0⤊ 0⤋
You should be able to leave the state. Most loans are backed by a bank (financial institution) and not funded by the car dealer. If you're using second-chance financing, the dealer might be liable for the loan if you skip out. That depends on the contract.
Generally, you can change your address with the bank that funded your car loan and just make payments from your new address.
Lastly, how will a car dealer enforce the rule of not letting you leave the state?
2007-02-22 15:55:08 · answer #3 · answered by eaglefox200 5 · 1⤊ 0⤋
If it is an option refinance through your bank or loan company. I have purchased cars that way before and never heard of such a thing. Unless it is in writing and clearly states such, I wouldn't worry about it. As long as they are getting paid what can they do. If they are holding the title and will obstruct you from registering in another state that does not sound right.If you keep the car registered at your current address it is a non-issue. They can't legally tell you you are not allowed to leave the state. Unless they are the ones insuring the car....obviously not.....sounds like a sticky situation...good luck
2007-02-22 13:56:34 · answer #4 · answered by Jungleboy 3 · 2⤊ 1⤋
i don't think they can force you to stay in the state because your father is also on the loan and they only want to receive the payment of the loan. they don't care where the car goes as long as they get their money. that how small dealership work.just tell they that you will pay off the loan and that you have to work outside of the state in order to pay the loan. the dealership will understand. since your father is on the loan he can say that he will be making sure that the payments will get on time. if it works you can go outside of the state freely.
2007-02-22 14:01:02 · answer #5 · answered by wolf 1 · 0⤊ 1⤋
Hell No move and then star paying on the car,send them a note with the 1rst check u send that says here is my payment! they wont send it back thats 4 sure , if they try to tell u u cant leave tell themm u will call the police ! the only people that can tell u that u cant leave the state are the courts ! tell that car dealer to KISS UR @#$%^! GOOD LUCK TO U ON YOUR NEW LIFE AND GOD BLESS U!
2007-02-22 14:28:57 · answer #6 · answered by kirkmudstone 1 · 0⤊ 1⤋
Big brother has not completely taken over our lives YET! They CANNOT prevent you from leaving the state. They MAY however be able to prevent you from taking the vehicle as it technically is up to their discretion as to whether you can take it. I personally have taken vehicles out of state WITH consent of financial institution, remember, IF you make payments, as per contract, there is not much they will be able to do, as long as you STAY current with your payments, it just would not be worth their effort.
2007-02-22 15:00:15 · answer #7 · answered by Burts chevy 3 · 1⤊ 0⤋
They cannot legally force you to stay in Arkansas. Especially if you are continuing to pay the car loan. If they persist consult a lawyer and have them deal with the car dealership for you.
2007-02-22 13:46:33 · answer #8 · answered by ? 5 · 1⤊ 2⤋
No they cannot. A lot of ppl leave the state that they bought their car in they do not even tell them they do not have to. You do have to keep paying on the car.
2007-02-22 13:52:08 · answer #9 · answered by CHAEI 6 · 0⤊ 2⤋
As long as you make the payments on time, don't see what the problem is.
2007-02-22 13:51:50 · answer #10 · answered by Anonymous · 1⤊ 2⤋