What recourse does car dealer have if customer defaults on loan?

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1171540

2026-04-12 17:05

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The car dealer may sit in front of his show room and drink tea while he is watching the world go by. He may try a new marketing ploy to bring in new customers. He may take out huge loans to pay for new television and radio ads.

The dealership, unless it is a buy here pay here establishment, has no involvement in the car--aside from warranty work--or the loan once the vehicle leaves the lot.

The lender on the other hand can and often will (successfully) repossess the vehicle.

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