Of course. Most places even if they have in-house financing, will bid out the loan to whichever bank can offer the lowest interest rate. I've had it happen on my car loans and it's a good thing because it means that's the person giving you the best deal on the loan. Enjoy your new car :)
Welcome New User! ( Create Account | Sign In )
| You are here: Home Categories Automobiles CAR DEALER SOLD MY CONTACT TO ANOTHER COMPANY |
Question
Submitted 304 days ago...
CAR DEALER SOLD MY CONTACT TO ANOTHER COMPANY
I BOUGHT A CAR FROM A BUY-HERE,PAY-HERE CAR LOT AND THEY SOLD MY CONTACT TO ANOTHER COMPANY WITHOUT FIRST NOTIFYING ME OF DOING SO. i JUST GOT A CALL ONE MORNING FROM A FINANCE GROUP SAYING THAT THEY NOW HAD MY CONTACT AND THAT I WAS TO SEND THEM MY PAYMENT EVERY WEEK. IS THIS LEGAL FOR THEM TO DO?
Answers
Answer 1 / 2
Submitted 303 days ago...
Answer 2 / 2
Submitted 303 days ago...
In the past, I had a credit card account that I had sold to another company, who then closed the account right away. Then It was like a loan that I owed money too until i had it paid off.
This also happened with home mortgages, and why Countrywide is rumored to be near bankrupcy after buying up all the subprime loans from other companies.
so yes, they can do it. and it is legal.
Answer This Question Now
If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on
this thread.
Simply type your Answer in the box below and post your answer.
Related Questions
Buying a car
I just bought a car from a dealer, signed the paperwork, got the monthly payments on paper, signed and got the keys. ive had the car for a few days now and the dealer called me today saying i need a co-signer now....
Co-signed for a vehicle
I co-signed for a vehicle 3 years ago for what was at the time my girl friend's son. He has stopped making his payments and GM has taken back the truck and sold it at auction and now he still owes $14,000.00...
Engine damage after oil change
Midas put a defective oil filter on my auto. They have admitted fault. Their insurance company says that I will have an out of pocket expense of 555.00, to replace the engine. Is it possible for the responsible...
Related Questions
Buying a car
I just bought a car from a dealer, signed the paperwork, got the monthly payments on paper,...
View Question
Co-signed for a vehicle
I co-signed for a vehicle 3 years ago for what was at the time my girl friend's son. he...
View Question
Engine damage after oil change
Midas put a defective oil filter on my auto. they have admitted fault. their insurance company...
View Question
Car title
I have bought a 1998 ford contour from a privite owner for 500.00 dollars with the transmission...
View Question
Car donation deduction
Dear sir or madam,
i donated a valuable car to purple heart. now they have indicated...
View Question
Creditor contacting neighbor
The car company after i missed payments went to my neighbor who i do not know asking him about...
View Question
Freeway slippery road accident ticket
Hi,
i am seeking help against a ticket i strongly felt wrong and unjustice.
it was a...
View Question
Car
I traded acar in at dodge in billings and they paided it but the deal went bad on the car...
View Question
Is there something i can do
I bought a car from carmax in greenville sc. i am paying 18,000 dollsrs for the car, and have...
View Question
Car dealer cannot find bank for loan after a month and a signed contract
My nephew got a car put 1500.00 down was told what his payments were going to be ,and after...
View Question
This Question has not been awarded yet.
About |
FAQs |
Contact Us |
Member Agreement |
Privacy Policy |
Site Map |
Advanced Search
Copyright © WebAnswers 2008. All rights reserved.
