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In Arizona when car is repossessed do you need to pay the whole balance left on the loan or what you owe to get the vehicle back?
Wiki User
∙ 18y ago
Depends on your bank and what the history is with the loan. They have the option to make you pay the entire amount of the loan. They can also allow you to just bring the loan current along with any other fees to get it back.
Wiki User
∙ 18y ago
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What is a settlement?
A settlement (given the category of the question) - is paying off the whole outstanding balance of a loan, overdraft or credit card.
Can the finance company sue you for the whole amount of the loan if they have the repossessed property and have not sold it yet?
It may depend on how long they have tried to sell it for. They may or may not be able to. I suggest you contact a lawyer in this field and ask it should be free for this.
Can I settle my credit card without paying late payment and interest?
Yes you can. If you have the funds available, you can pay off the whole balance before the 'dues date' - and accrue no interest or charges.
If somebody is willing to pay the whole due amount after repossession do they have to pay the interest they owe?
The lender will tell you the balance due to payoff the loan. YES, it wil most likely include interest. Read your contract.
Is a bank overdraft better than a loan?
yes, because in OD LIMIT interest is charged on closing balance means on that we have used and no fixation of installments. But in case of LOAN interest is charged on the whole amt of loan and repayment of loan periodically is an extra complication.
Do you have to pay the whole vehicle off if it is repossessed?
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
How can I get my repossessed truck back in Indiana?
The only way to get a repossessed truck back in the state of Indiana is to pay the balance owed. Sometimes, you can contact the lender and make arrangements to get the truck back without paying the whole amount.
What if you want your vehicle repossessed?
I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.T
What is the Difference between wheel balance and wheel alignment?
wheel balance is when the wheel is removed from the vehicle and balnced on a wheel balancing machine. an alignment is done with the vehichle as a whole and ur camber and tow is adjusted and aligned
Is there scientist that worked with balance?
the whole control engineering is based on balance
Can your car still be repossessed after you've paid half of your past due balance?
Of course. The whole idea of "security" in your pledge of the car in exchange for the loan is that it is easier to repossess it than to sue you for non-payment, and that applies up until the very last payment is made.
How can you tell whether the front wheels are out of balance?
Most of the time if the steering wheel shakes, the balance issue is in the front. if you feel it shake in the seat, that usually means the rear. However in the instance that the tires are far out of balance no matter where. it can shake the whole vehicle. but the steering wheel and seat rule is a good place to start.
If you have a car repossessed how much notice does the claims company have to give you before demanding the balance be paid in North Carolina?
None in every auto loan contract there is legal verbage somewhere in there that states if you are past due (even one day) you are in default and they can call the whole contract due............sorry
What does the whole amount mean?
Total. Everything. Balance.
IF a car is repossessed in NY is it right for the lender to ask to pay off the whole balance and not just the payments past due?
READ your contract. Find the part that deals with "DEFAULT". Most contracts have a clause called "right to accelerate the balance due". It is usually sooo general in nature that if the lender gets heartburn from eating tacos, it gives the lender the option of calling the entire note due at once.
What is the name of the large whole number added to the front of a compound to balance equation?
To balance a equation, the whole number added or used in front of a compound is known as Coefficient.
If you voluntary give back your vehicle repo and they resale it any way they want do you still owe the whole bal or the difference?
You will generally owe the difference between the outstanding balance on the loan and what they were able to sell the car for.
