Can the dealership seize your car for defaulting on the downpayment while you are still making your payments on time to the lender?

Your contract should say what could put you in default, but not making a payment on time is a typical example. Once you're in default, the lender may be able to repossess your car at any time, without notice, and come onto your property to take it. But the lender can't “breach the peace” when they take it.

1. Can car dealers keep your down payment?
2. Can a dealership take a car back after you signed the contract?
3. What happens if a financed car breaks down?
4. How long does a finance company have to repossess a car?
5. Can I sue to get my down payment?
6. Can downpayment be returned?
7. What do you do when a car dealership lies to you?
8. What can you do if you get scammed by a car dealership?
9. Can you cancel a car deal after signing?
10. Can I return a car that keeps breaking down?
11. Can you go to jail for hiding a car from repossession in Georgia?
12. Do you still owe after a repossession?
13. Can my car be repossessed without a court order?
14. Can you sue a car dealership for misrepresentation?
15. Can I sue car dealership for lying?
16. Does down payment go to dealership or bank?

Can car dealers keep your down payment?

As long as you did not take the dealership's car, leading the dealer to believe you would be back to make the purchase with your own financing or cash, most dealers will return your deposit, although some may give you a hard time.

Can a dealership take a car back after you signed the contract?

The short answer to the question is “No”. Once you've signed on the dotted line of your purchase agreement, the car is yours. ... A customer may take delivery of a car on a Friday, drive around for the weekend and suddenly see something that is much more appealing. But once you've signed the deal, this is binding.

What happens if a financed car breaks down?

If the car breaks down and can't be driven, you're still on the hook. The vast majority of car loans are just that: loans. The credit union makes the loan in good faith, and you are expected to pay back the money on schedule – regardless of the condition of the vehicle.

How long does a finance company have to repossess a car?

California law permits cars to be repossessed after one late or missed loan payment. Cars may be repossessed after missed insurance payments as well. There is no legally required grace period, and the repossession company doesn't have to give you notice that they are repossessing your car.

Can I sue to get my down payment?

You cannot get your down payment. You can get the deductible, but your insurance company should have done that for you.

Can downpayment be returned?

In the event that you have been paying for less than two years, you are qualified for a refund depending on your agreement with the seller. Otherwise, the best alternative is to sell your rights or assign the payment to another person so you can still get your money back.

What do you do when a car dealership lies to you?

You might be tempted to contact the salesperson to address the issue. Don't do that! If he or she lied to you once, they will likely lie again. Instead, contact a knowledgeable attorney that will assess your case for free and then, if your case is viable, represent you in your case for no out of pocket cost to you.

What can you do if you get scammed by a car dealership?

It may seem obvious, but the first thing you should do if you believe you have been misled by a dealership is to contact the dealer. In fact, many states mandate that you notify the dealer first and provide it with an opportunity to correct the situation.

Can you cancel a car deal after signing?

Car buying contracts are pretty tight and per the Consumer Law Group, canceling one once you sign on the dotted line is pretty difficult. ... If the lender doesn't want to accept the deal, the contract is canceled.

Can I return a car that keeps breaking down?

The law states that a vehicle must be of a satisfactory quality, fit for purpose and as described. If it's not, you're entitled to hand it back and get all your money refunded.

Can you go to jail for hiding a car from repossession in Georgia?

It is possible to be arrested if you hide a car from repo. A civil action can be taken against you in a court. In Georgia, O.C.G.A. 16-9-51 “Hiding, encumbering or endangering property subject to security interest……..” is a misdemeanor charge.

Do you still owe after a repossession?

If your car or other property is repossessed, you might still owe the lender money on the contract. The amount you owe is called the "deficiency" or "deficiency balance."

Can my car be repossessed without a court order?

To begin with a court order, which is known as a Warrant of Execution, must be obtained by the bank/finance house. ... If there is no court order however, they cannot force you to give your car back, and that is the law!

Can you sue a car dealership for misrepresentation?

To sue a dealer for misrepresentation, you need to also show that you suffered some loss as a result. It's not enough that you wouldn't have bought the car if you had known the truth. You also need to be able to prove that the dealer intentionally lied to you or deceived you in some way.

Can I sue car dealership for lying?

Yes, you can sue a car dealership for lying to you in some situations. ... You are protected under consumer law and can choose to file a lawsuit with the help of an auto fraud attorney. This doesn't apply just to used cars. You can sue for issues with a new car as well.

Does down payment go to dealership or bank?

Where Down Payments Go. If you're buying a vehicle from a dealership, any cash down or trade-in equity that you want to use is put toward the car's selling price. This means the dealership takes the down payment and it knocks down how much you need to finance with your auto lender.