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    Ncdova's Avatar
    Ncdova Posts: 4, Reputation: 1
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    #1

    Nov 8, 2010, 09:10 PM
    Car lot went out of business. Do I still owe?
    Sariss's Avatar
    Sariss Posts: 1,471, Reputation: 244
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    #2

    Nov 8, 2010, 09:19 PM

    You still owe. The financing through your vehicle would be through a third-party financing company. The dealership your car was bought through may be gone, but the finance company is not.
    Unless the dealer IS the financer I guess, but you don't get off scott free..
    Ncdova's Avatar
    Ncdova Posts: 4, Reputation: 1
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    #3

    Nov 8, 2010, 09:37 PM
    Sorry. For some reason my whole question wasn't posted. The dealer is the financier.
    Ncdova's Avatar
    Ncdova Posts: 4, Reputation: 1
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    #4

    Nov 8, 2010, 09:42 PM
    Comment on Sariss's post
    Sorry for some reason my whole question didn't get posted. The dealer is the financier.
    Sariss's Avatar
    Sariss Posts: 1,471, Reputation: 244
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    #5

    Nov 8, 2010, 09:43 PM

    I did a little searching, and found this on another answer site which may help:

    Answers.com - What happens if a dealer goes out of business and the buyer still does not have the title and can not contact the dealer
    Ncdova's Avatar
    Ncdova Posts: 4, Reputation: 1
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    #6

    Nov 8, 2010, 09:56 PM
    Comment on Sariss's post
    Thank you that was helpful! Although it's been 8 months since her last payment. I've learned just recently, the dealer just now is trying to contact her. It'll be interesting to see what happens next!
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