I recently purchased a used car and have had it in my possesion for a week already. Can the bank repo the car after ive signed all paperwork, got insurance and drove off the lot already? they now want bank statements after the fact, what does this mean?? maybe just a another structural document to add to my file……????
my first payment isnt due untill the end of this month
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Have you started making payments back on the loan? If not, maybe you should have read the fine print. They loaned you the money and you promised to pay them back at a future date otherwise they can take your purchase and sell it to recoup the loss as it seems you have defaulted on the payments.
Surely if you start and keep making regular payments they will not even try and repo the car. If you dont have bank statements then tell them so…..tough luck. Happy motoring.
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