Wednesday, May 26, 2010

Finding out if auto dealer took recourse loan?

will bre having repo on my car and want to know if dealer took recourse loan with financer



Finding out if auto dealer took recourse loan?

If you have your contract that was mailed to you by the dealer when you purchased it, there is a place on the back the dealer has to sign for recourse. Otherwise, call the lender or ask the dealer for another copy of the contract. However, I will tell you that it is not common practice for dealers to recourse a deal.

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