You buy a $3,500 car and finance it through the car dealer. the contract says if you are two months delinquent with your payment the finance company can take the car back. what statement best describes this situation?

Question

Randy

Computers & Technology

23 June, 05:48

You buy a $3,500 car and finance it through the car dealer. the contract says if you are two months delinquent with your payment the finance company can take the car back. what statement best describes this situation?

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Thalia · Answer 1

The car owner acquired his car because the car dealer offers him a financing credit services. It is part of the contract that the car owner should pay in monthly basis. It is a fact and part of the contract also that once the car owner failed to pay 2 months of his contribution, the car dealer will get his car back.