Does the finance company own your car if dealership is out of business?

It depends on the terms of your loan agreement and the laws of your state. Generally, if you have a loan agreement with a finance company and the dealership goes out of business, the finance company will still own the car. You will still be responsible for making your payments according to the terms of the loan agreement. If you fail to make your payments, the finance company may repossess the car.

However, there may be some exceptions to this general rule. For example, in some states, if the dealership goes out of business and you have not yet taken possession of the car, you may be able to cancel the loan agreement and get your money back. Additionally, if the dealership has committed fraud or made material misrepresentations in connection with the sale of the car, you may have grounds to assert a claim against the dealership and/or the finance company.

If you are concerned about the status of your loan agreement and the car in light of the dealership's closure, it is important to speak to an attorney to understand your rights and options.