Can a dealership legally take a vehicle I purchased from them after the deal is financed through a bank?

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Can a dealership legally take a vehicle I purchased from them after the deal is financed through a bank?

I’ve also made a payment to the finance company.

Asked on August 2, 2012 under Business Law, Arizona

Answers:

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

This is a contractual matter: review the terms of the contract/agreement of sale and of the financing agreement. If those agreement(s) allow the car to be taken under the circumstances that exist, they can take it; otherwise not. You need to compare what you have (how you have honored your obligations) to what the agreement(s) you signed require.

SJZ, Member, New York Bar / FreeAdvice Contributing Attorney

Answered 11 years ago | Contributor

This is a contractual matter: review the terms of the contract/agreement of sale and of the financing agreement. If those agreement(s) allow the car to be taken under the circumstances that exist, they can take it; otherwise not. You need to compare what you have (how you have honored your obligations) to what the agreement(s) you signed require.


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