Used Automobile Buying Tips

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Question: 0ust went to the car lot purchased a car for 5700 dollars cash gave them 5300..drove home owing the remaining balance in 30 days can they repo

Answer: Usually in instances like this, after a price is agreed upon, a discussion of financing will then follow. The agreement of how you will finance the remainder of your balance is usually arrange with a payment plan that you would sign before taking the car home. According to ARS § 47-9609, if you default on your payment plan (fail to pay on time), the lender does have the right to repossess the vehicle as long as he does not breach the peace. http://www.azleg.gov/FormatDocument.asp?inDoc=/ars/47/09609.htm&Title=47&DocType=ARS

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  • 0ust went to the car lot purchased a car for 5700 dollars cash gave them 5300..drove home owing the remaining balance in 30 days can they repo

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