Q: Bought a used car and was given an I owe you for repairs. Haven't made any progress a month later. Deferred down payment
I was not informed about having to pay a "deferred down payment" the same day as my first monthly installment payment. Is there anything I can do?
A:
Naturally you would get all parts of an agreement regarding this major purchase in writing, so you just need to refer to your written agreement to see what your rights and obligations are. If you did not get a written agreement, I guess the next question is: "Who is the registered owner of the car? Who is the legal owner?" Before you make any further payments on this car, you should be sure to have the title documents issued by your Dept. of Motor Vehicles showing that You were the registered owner of the vehicle.
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