What happens if I default under the arrangement?
Under the agreement you have certain obligations to meet, including the obligation to make regular payments. A finance company has a security interest in the vehicle that it has financed for you. If you fail to meet your commitments under the agreement, the finance company may be entitled to repossess and sell your vehicle. If the sale of the vehicle does not cover your outstanding debt to the finance company, you will remain liable for the shortfall. Please refer to the fee schedule on these charges.