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Vehicle: 2003 VW Passat
Book Value: $17,789
Purchase Price: $9,050
Savings: $8,739
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Vehicle: 2002 Ford Expedition EB
Book Value: $18,944
Purchase Price: $8,000
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Client: Cliff S. (Ft. Worth, TX)
Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
Savings: $9,500
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How does a buy here pay here transaction work at a used car dealer?
19th February 2010
Looking at buying a used car at a buy here pay here dealership, and wanted to get some input on how it works? Do they run credit? Can I pay monthly or does it have to be weekly? What kind of grace period for payments? What kind of down payment should I be prepared for?
Can the auto dealership where I I bought vehicle repossess my car if my payment goes to finance co?
10th July 2009
I financed a used vehicle from a car lot and paid in cash a total of 00.00 for a down payment to the dealer. The total price of vehicle was 00.00. The remaining balance of 00.00 was financed through a loan company/bank. My first payment due gave me a 10 day grace period from date due, and a late charge owed if paid after that. Three days after grace period the dealership towed my vehicle. The finance company knows nothing and says dealer has vehicle, but dealership says finance co. has vehicle. Two days no answers from either party. What do I do? Is this legal? Please help legally. Thank you. How do I get personal belongings back imediately that I have in car?