If the auto loan company goes out of business do I still owe them money, even if they can no longer provide me with routine maintenance?

If the auto loan company goes out of business do I still owe them money, even if they can no longer provide me with routine maintenance?
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#1

According to the loan they are supposed to provide routine maintenance for the life of the loan. Now they say they do not have a way to provide that service to me.


#2

If they financed the car in order to protect their investors, they’ll likely transfer those collection rights to another agency. If you are paying a fee for routine maintenance, however, and they are unable to provide it, I’d suggest filing a complaint with the home office and/or the Better Business Bureau. If you don’t receive the desired results, seek legal counsel. Good Luck!


#3

Whoever acquires the loan acquires the package.


#4

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