i financed a car and it broke down

ellis11627 June 16, 2022 broke , financed , i , wallpaper Comment

Its assumed the fault was already there when you bought it. The amount owed exceeds the value when operational negative equity.

What If Your Car Breaks Down And You Still Owe Money Protect My Car

Paying for Auto Repairs.

. It is an expensive learning experience but a good lesson none the less. That effort is to look at the advertisement written for this car and if there is any factual statement not puffing then you may have a case for. Unfortunately one of the perils of purchasing a used car as is is just that you bought it as is.

Take out a small loan to help you pay for repairs at a credit union or small loan lender with reasonable interest rates. You dont have to accept a repair or even a replacement car but you can if you prefer this option. Depending on how much you owe the bank for your car you might be able to pay off the loan and move forward from.

If theres a serious problem with your vehicle in the first 30 days youre entitled under this legislation to reject the car and receive a refund of any money youve paid. Last February I bought a car Trough ACF Car Finance because my old car broke down. After fixing this issues there seemed to be something deeper I need to replace the engine or get it rebuilt.

Its only 200 to get fixed but the mechanic I went to pointed out so many other issues and made me feel like the car is in bad shape. Answered 11 years ago Contributor. Posted on Dec 28 2013.

You had the opportunity to have the vehicle inspected by an independent mechanic and chose not to do so. If the vehicle doesnt qualify youre at the mercy of the dealer. I dont care if they re-possess the car.

Whether it has body damage mechanical damage electrical problems or any other issues CarBrain will offer you cash for your car in as-is condition. Just request a no-obligation offer for your car online. Up to 15 cash back Hi.

However with the required deposits scraping together 25k in a month is going to be nearly impossible. An engine block replacement can cost up to 10000 to repair. Ive been checking out section 8 but the current wait list is 8mo-2 years at all the places Ive found.

Theres a moral here. 19 June 2012 at 1210PM. The car is not in my name it is in my uncles and it is a long story to why but it waS desperate times.

You have no warranty claims because you bought the car as is But generally need to check FL law you still can revoke acceptance of the goods if the goods are substantially impaired in value to you. For parts and labor I am looking at somewhere around 5500 to get the car fixed for the current issues. However there are nightmare scenarios in which a person buys a used car then has something go wrong and it breaks down.

Excellent credit score and high income. Up to 15 cash back I am financing a used car from a dealer. No help to you I know but an important point.

When its paid off you can then get the title back and donate it to charity sell it or use it as a trade in on another vehicle. The mileage on the car is good its just that now the steering power wheel fluid thing is broke. You really have no recourse other than one last ditch effort.

The first thing you should do is to see if your car qualifies for the lemon law. Am I still liable for making payments to the dealer for. The alternative financing more than 100 of a more reliable auto is viable only for those with pristine credentials.

Answered on Jul 01 2021. Within about 90 seconds youll receive a quote for your car. Those situations will certainly have you singing the blues.

Investing in repairs is the preferred option when you are underwater on your car loan. The car purchasing process is supposed to be an exciting process. I went down to management to ask if I could have at least one more month at my previous rate and they said they would get back to me.

I refuse to make anymore payments. This strategy assumes you have a place to safely store it. Just financed a Used car broke down within 14 days expensive repairs am I covered.

The key is to avoid digging your hole any deeper by sinking your money into a dead car or trying to shirk off your loan responsibilities. Either way is going to cost you. Answer 1 of 11.

We buy cars in less-than-perfect condition. The finance company will charge you for the repair though as the vehicle has to be returned in satisfactory condition. No they arent liable.

If you cant afford to get it. Because Im on a debt management programe I was looking for a monthly payment of maximum 130 Pounds. You could simply park the vehicle and continue to pay off the loan.

You may but it would cost you. Ad Get Pre-Approved To See Your Real Terms For Every Vehicle. When your car breaks down and you still owe money to the bank for the vehicle you have a few options.

17 September 2017 at 517PM. Pay off the loan. On the other hand that you can book your car into your local dealership to have it repaired and.

You can add the debt from your old car to a new car loan and pay both cars off simultaneously. This law states that dealers must sell cars that are in working order. In general you have no recourse against the dealer.

Probably the most common problem is the misconception that you can just return a car on finance when it goes wrong providing its within 6 months of delivery. Gap insurance will cover you on a totaled car due to an accident but what about if your car being totaled is just due to a part breaking like your engine block failing. You are almost guaranteed to regret these decisions in the future.

3 months after I got it the car broke down. And the simple answer is that you have two more years finance on a car that is of seriously diminished value unless you fix it. Dont take five year finance on a second hand car.

So you fix it or come to an agreement with the finance house to terminate the finance early then sell it. If they keep breaking down the dealer must fix or replace the vehicle. After years of wearing down ole reliable you finally get to upgrade to a new or used car.

When your financed car breaks down you need to get it fixed so you can drive it and keep paying your loan at the same time. Unfortunately it is not a fee-shifting claim. First Free Legal Advice For a Faulty Car Bought on Finance.

Recently the car has broken down at first glance the problem was not anything major battery alternator and spark plugs.

When A Car Conks Out While You Still Owe Money On The Loan