My daughter was talked into signing contracts to buy a new car - that she can't pay for?

My daughter%26#039;s car broke down and her boyfriend (who has now left) and his father was supposed to tow her car somewhere for an estimate to repair it (it%26#039;s a cadillac) and they towed her to a Toyota Dealership and she was talked into signing contracts to purchase it (brand new 2008 car) - to come back with a check to pay it in full and a second contract to finance it, and they let her leave with the car keeping her cadillac (which I, her mom have the title too) and she doesn%26#039;t have a job, so they couldn%26#039;t possibly get her financed and they did not check to see if she had the funds to pay for it in full. The boyfriend talked her into loaning the car out a couple days after she got it and the people got into a wreck and left the schene of the accident. The other driver was at fault, but has no insurance and my daughter%26#039;s auto insurance won%26#039;t pay to fix the car (over $10,000 in damages/maybe totalled) because she was not driving the car when it was wrecked. ANY ADVICE?

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

Thorn is right as far as if the car still had dealer plates, then they also have insurance. She should have signed a notice that states if she were in an accident, her insurance would cover it, however if not, the dealership would typically with $1,000 deductibles.

The problem is the driver was not insured. If the loan is final and she has taken delivery, then she will have to deal with it. Otherwise, it%26#039;s still the dealerships car and they will have to have the vehicle repaired, but since she signed the agreement, she will probably be liable for the deductible. You might want to see how the dealership handles this and if you need, consult an attorney.

So basically, if she is not approved for the loan, then the car still belongs to the dealership and it%26#039;s the dealerships responsibility and is the risk they take in doing a spot delivery.

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

Get a lawyer, sounds like you are going to need one

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

She got hosed ! Lawyer time, creditors will be knocking on your door pretty dang fast!

One thing that is sure that will happen, the credit is ruined for all of you. This are a couple of cases altogether. If she never took the car from the dealer, it could be possible to reverse the purchase. You have a X amount of days to return the car. But she took it and not only that, made the very bad decision to let someone borrow it and wrecked the vehicle.

No to be pessimist, but you guys are in a world of legal trouble. A lawyer is need it for this.

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

I agree with Dave..this is hoplessly complicated. I%26#039;d go get the Cadillac back first of all..she can%26#039;t sign over a car that%26#039;s not in her name. Without financing there is no deal...so I would contact your Attorney Generals office..this whole thing sounds shady...I don%26#039;t want to make fun of your daughter..but damn did she do a dumb thing.

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

Sounds like she has a problem with saying no. Did they hold a gun to her head to sign the papers? She obviously had something to show as income or they would not have let her take the car. It looks like you will need to take the at fault person to court and hopefully, they will have assets you can attach for a settlement.

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

since she doesn%26#039;t have the money to pay for the car in the first place, she would have to bring the car back anyway. Now, she%26#039;ll have to bring the wrecked car back to toyota and they%26#039;ll have to sue her for the money.

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

the main problem here is that more than likely the vehicle is totaled. For most insurances if the damage exceeds 35% to 45% they consider it a total loss. The problem with that is that the insurance is right,, they dont have to pay for it, because the insured person was not in the car at the time of the accident.

now even though the dealer did some shady things to push your daughter into a car she is still liable for the cost of the vehicle, because she signed papaerwork and drove off with it.

honostly I think your best bet is to explain all this to your local news fraud center ( i.e. 7 on your side ) ( fox shame shame shame) and have them put the dealer on the 10:00 news!

you would be amazed how quickly they are willing to accomodate when the are being completely slammed on national tv!

also check with your state attorny general and consumer affairs center

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

Can you say SCREWED.

I%26#039;d be calling an attorney, she%26#039;s going to need one. Your daughter (assuming she%26#039;s of legal adult age) will end up being responsible for paying for that car and the damages.

My daughter was talked into signing contracts to buy a new car - that she can%26#039;t pay for?

Was she on dealer plates? If so, don%26#039;t worry about it. The dealerships insurance is responsible. Don%26#039;t let them tell you different.

My car is paid for can I get a loan for it?

I am having family problems and was trying to find ways to get money and figured my car was paid for and that I could possibly finance it.

Anyone have any ideaS?

My car is paid for can I get a loan for it?

Well, you can always get title loans. I have never gotten one so I couldn%26#039;t tell you how they work.

My car is paid for can I get a loan for it?

Reduce spending and get a second job.

My car is paid for can I get a loan for it?

Hello,are you looking for a loan,all i want to let you know is to be care full of the lenders that you are dealing with because 90% of lenders in the internet they are all scam,i have been scammed four times from difference lender that said that they are legit until GOD sent Mr Wilson to help me.once again i want you to be really care full of lenders,if you ask me i will tell you to contact Mr Wilson for real Help and not those people that said that they want to help you that you put all you hope and trust on and at the end they will end up breaking your heart.if you want to contact him you can contact him via jsmithfirms@gmail.com.He is a nice Man,i know he can help you contact him today for help

My car is paid for can I get a loan for it?

If you%26#039;re thinking of putting your car up to get the loan, be careful because if you miss a payment they can repo it. Plus the interest rate wouldn%26#039;t be that much lower if you got a peronal loan.

My car is paid for can I get a loan for it?

I did it several years ago. I had a 1990 Chevy Suburban and paid it off in 1994 and I received the title. I needed a down payment for a house a few months later so I went back to the bank and received $15,000 using my Suburban as collateral. I was able to purchased my house that I am still living in today. It took me another four years to pay off my Suburban again.

Can you legally drive and register a car that should have been repossessed?

Bsasically the car should have been repo%26#039;d 2 years ago. Called the finance compnay and they will NOT come get the car. Car has been sitting for 2 years. Already been reported to credit reporting agencies. Original finance company has been paid by collection agency. What can i do with this car? Can it be driven? registered? insured? Thanks! PS its not me so save the smart remarks. Thanks!

Can you legally drive and register a car that should have been repossessed?

Whoever has the title is the owner. If its the finance company, call them and see if they will release the title for some payment, chances are they may, just to be done with the situation.

Can you legally drive and register a car that should have been repossessed?

The car belongs to the credit company who paid the default.The credit company wil probably sue you for the cash value of the car(Blue Book).Credit company%26#039;s don%26#039;t generally take cars.Contact a lawyer and ask this question.

I live in Texas. I hd a car payment due on 12/30/2007. I cant make it until the 25th. I called the f

company--told them i would not be able to make it until the 25th. They told me if I did not make it today they would repo my car. Can they do that?

I live in Texas. I hd a car payment due on 12/30/2007. I cant make it until the 25th. I called the finance?

To be honest I think they are bluffing. My best friend works for a finance company. I need to know if you are only behind this one payment. If your payments are on the 30th of the month and this is the only one you owe, then the 25th isn%26#039;t long enough for the missed payment to show on your credit report. Also how long have you had this account? Please let me know the answer to the two questions above and I will help you out the best I can.

I live in Texas. I hd a car payment due on 12/30/2007. I cant make it until the 25th. I called the finance?

yes. Until the balance is paid..they own the car.

I live in Texas. I hd a car payment due on 12/30/2007. I cant make it until the 25th. I called the finance?

Depends on the deal you signed when you bought the car. But the short answer is yes.

Where can I research more about the pros and cons of getting a company car for my small business?

I have a small graphic arts business and am thinking about getting a company car. It%26#039;s not for status but for functionality (right now my personal car is a 97 and isnt roomy or dependable enough for moving around equipment). I was thinking something along an scion xb as it could easily be car wrapped and I would have a mobile advertisment (instead shelling out MUCH more in adds in newspapers and magazines).

I want to make sure I make an educated decision on this, but I need help as to where I should focus my research. Would I finance it in the company name? What about car insurance? Should I talk to my accountant and get ideas about taxes and depreciation?

Where can I research more about the pros and cons of getting a company car for my small business?

If you are established I would simply recommend that you consult your accountant.

If your are not established I would recommend the following:

1) By the car in your name: Works out better if the company fails. You will not need business insurance, $$$$$$$!

2) Use standard insurance unless you are hauling people. Do what ever you have to do NOT to carry business clients. Have them meet you somewhere. If you are going to carry clients then you need business insurance. Other then that if you had an accident then that%26#039;s all you have is an accident. But if you have clients then you better have business insurance. I do not carry clients and I do not carry business insurance. Which maybe a good reason not to rap your vehicle.

3) Basically the IRS either allows your to claim all your receipts...gas, maintenance, insurance, etc...or you can just take the mileage write off. I would recommend the mileage write off. All you do is keep track of your mileage and then at the end of the year you just give that to your tax preparer and your done. Remember that the IRS does not allow you to write off personal miles or miles to the office...everyone has to get to work.

4) You need to consider whether to buy or lease. If you lease you can write off the amount of the lease...opposed to a % of the purchase price and I think that is only for 3 years (worth of depreciation.) Be careful if you lease. Leasing fits my business needs great but that can be a monkey on your back if leasing is not good for you. In reference to miles, get at lest 15,000 per year and if you think you are going to need more then buy them up front. If you buy them at the beginning of the lease they are a fraction of the price as opposed to buying them at turn in.

Hope I was helpful. I recommend that you talk with a tax professional in your state.

The site below -- I thought it might interest you, a graphic arts person.

I have learned to keep business simple...word of mouth is still the best...it just takes time!

Remember this one word...integrity.

Best of Luck %26amp; God Bless!

Where can I research more about the pros and cons of getting a company car for my small business?

www.irs.gov just start reading. It%26#039;s best to read and understand for yourself but if you have a good accountant they should be able to tell you what the pros and cons are. There are irs requirements to take your car off your business instead of just expenses or gas mileage. If you decide to deduct it, it must be in the company%26#039;s name. some realtors I know do it and they have to keep those magnetic signs on their cars. It is good advertisement and good deductions. Get good advice before leap.

Second thought-a few years ago their was a deal for companies that bought those big, big cars and they got a really good deal from the irs. I don%26#039;t remember particulars or if it is still in effect but it did involve a LARGE deduction on taxes.

Where can I research more about the pros and cons of getting a company car for my small business?

You can go to your local courthouse, and they%26#039;ll answer any and all questions you have regarding business. You can also log on (or call) your local chamber of commerce. They%26#039;ll give all sorts of advise from tax write-offs to the least expensive gas stations to go to in your area. Great luck to you!

Where can I research more about the pros and cons of getting a company car for my small business?

A company car is always a good thing for doing business. If you can wrap it for advertising in your community - that is a good thing too, if the majority of your work comes from your community. As to whether it is a good business expense, only you and your accountant know what your complete tax picture looks like.

The vast majority of small business fail in the first 5 years, and generally it is from spending %26amp; expensing more than they are making. A car is a capital expense for a business and as such it isn%26#039;t expensed, it is depreciated over several years, meaning that you can only write off ta portion of the cost each year along with the actual expenses to operate it.

When you speak with your accountant you will want to discuss whether it is better for you to buy the car, or lease one. There can be advantages either way.

Where to focus your research?

1. from the tax viewpoint visit the IRS site for self-employed people and small businesses: http://www.irs.gov/businesses/small/inde...

2. From the advertising standpoint, you will want to price what it costs to %26quot;wrap%26quot; the car, and compare it to running quality advertising.

You don%26#039;t say where you are located so I can%26#039;t give you any ideas about advertising for clients but two of the best sources I have found are Craigslist.org, and the local print edition of bizjournals.com. Also, attending mixers, meeting people face to face and passing out business cards is always an affordable way to drum up some new business.

Change name on car registration?

I took over car notes from someone else and it%26#039;s being financed so the bank has a lien on it. I need to get the registration put in my name with my address. Anybody know what I need to do?

Change name on car registration?

The car loan has to be paid off before you can register the car in your name. The car loan was made to the original buyer based on their credit rating and ability to repay the loan. The car is the collateral on that loan. If you can obtain a loan on the car in your name and pay off the other loan only then can you transfer title and registration into your name.

Change name on car registration?

You need to get the person to go with you and have the note transferred to your name. If you don%26#039;t do that then technically it is still owned by the other person even though eventually pay it off. Until you have the bank change the note and title over to your name and receive a non negotiable title in your name all you%26#039;re doing is paying for someone else%26#039;s car. Once you have that paperwork then take it to your local DMV office to get the registration changed.

Buying a used car from a dealership question.?

In Illinois, what point am I legally liable to purchase a car from a dealership? I have not signed any finance papers yet and have given them a $200 check to hold the vehicle while they correct some defects I want fixed before purchase. All I did sign was an Illinois buyers agreement which states the selling price, trade in and cash down amounts and the list of defects to be looked at.

Buying a used car from a dealership question.?

Defects? the items you listed are wear and tear items, not defects. It sounds like you have signed a legal purchase agreement. If you have decided you don%26#039;t want the car, don%26#039;t pick it up. You will lose your deposit though.

Buying a used car from a dealership question.?

I don%26#039;t know for sure, but you can find out by contacting the local Motor Vehicle Admin.

Generally, I%26#039;d say that you%26#039;re not legally bound, but you should check. In my state we have 3 days to change our minds even after signing the financial papers.

Buying a used car from a dealership question.?

so for you not sign any thing, to the law to look at, all you did so for as give the money to hold the car,, now if you back out of the buying the car, they could keep your 200,,,,but you got the choise to buy are not,an seal a deal that they would not charge you any more the the cost of the car,,so if the defects cost more then they said you was to pay for the car, it on them,to fix it,no matture if it cost them say a 1000.00 more you still get it at the price they told you

Buying a used car from a dealership question.?

The reason the deposit is collected is so the dealer can remove the car from the market without financial burden to him.

If you decide not to buy it he keeps the $200 because a car on his lot waiting for you costs him money.

You should never buy a used car from any dealer. The best deals are always from private sellers, just look in the Saturday paper. Before you start looking shop around at credit unions, not banks, for pre-approval for a loan.

If you don楹搕 believe me go to Kelly Blue Book.com and you can see the same car purchased from a private seller will cost thousands less than if you buy it from a used car dealer.