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If you leased a new truck 3 months ago and now realize you can no longer make the payments but haven't been late yet should you go out and finance a cheap car before turning it as a voluntary repo?
Wiki User
∙ 17y ago
Yes because the turn in on the lease will damage your credit and affect the loan rate on your car loan
Wiki User
∙ 17y ago
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You have 2 cars financed with same company you are giving 1 back can the finance company repo the other as long as you pay for it?
No, as long as you make the payments and do not default on the loan agreement on that vehicle they cannot take it. You will however be required to pay the deficiency on the loan of the car you are voluntary turning in. They will sell the car and you will pay the difference in what it sells for and the balance on the loan plus any fees associated with the repossession. Your credit will also be ruined for 7 years.
Turning in a car prior to reposession?
Turning in a car prior to formal repossession activity is still a repossession. It differs only in the fact that it is voluntary and may not affect your credit quite as adversely. It does demonstrate a certain level of responsibility.
What services does North Finance offer to consumers?
North Finance is a "Forex Broker" company. This company, like other companies in this market, seeks to exchange a foreign currency for their own. North Finance offers consumers the opportunity to take advantage of fluctuations in exchange rates (thereby turning a profit).
What is the turning point of the clique?
The turning point of the clique is in the 8th book, and that's when everything starts to fall apart. In the 8th book, at the end, they realize that they might not be the alphas next year. They are, but the leave you with the question of whether they will be *gasp* LBR's.
What has the author Sri Mulyani Indrawati written?
Sri Mulyani Indrawati has written: 'Turning words into action' -- subject(s): Economic policy, Public Finance
What is the turning point in Freckle Juice by Judy Blume?
The turning point in "Freckle Juice" by Judy Blume is when Andrew discovers that Sharon's freckles are fake. This prompts him to realize that he doesn't need to change himself to be happy, leading to a shift in his perspective and acceptance of who he is.
What are the legal implications for turning yourself in if your a fugitive?
Actually they are pretty favorable. You probably won't get off from the charge, but the court may well take your voluntary surrender into consideration when/if it comes time to sentence you.
What is the turning point in th veldt?
The turning point in "The Veldt" by Ray Bradbury is when the parents realize the danger of the nursery created by their children's thoughts. They see that their children's obsession with the African veldt simulation has become unhealthy and uncontrollable, leading to a chilling realization of the consequences.
What does Ralph realize with a convulsion of the mind?
That the boys lives are turning savage and that they are even starting to look like savages and not like the civilised being they actually are deep within.
What is difference between a voluntary muscle and an involuntary muscle?
Involuntary muscles are not under you conscious control they are responsible for essential activities such as breathing and digesting food. Voluntary muscles are under your conscious control smiling, turning a page in a book are controlled by voluntary muscles.
What age are most girls turning to bi and or lesbian?
No girl ever turns bi or lesbian. They are either born that way, or they are not. But most girls realize their sexual orientation at puberty.
How do you get a girl to be more than just a friend in regards of turning friendships into relationships?
Dont force it on her! Let your relationship evolve on its own If you like her eventually she'll realize it in her own time
