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My car was sold for less than is owed. So long as I pay off the balance I should get my car back?
Wiki User
∙ 16y ago
The way your question is worded it sounds like your car was repossessed and then was sold for less than you owed on it. That's pretty typical. If I DID understand your question correctly, no - you will NOT get your car back if you pay off the balance. My guess is that you did not fulfill the terms of your contract with the finance company and they wanted THEIR money - so they sold THEIR car for what they could get (typically at an auction) which is almost always less than is owed on it. So if you pay the balance on the loan, you will not get the car back (because the person who bought it owns it now)- but you will have paid what you promised to pay and learned a valuable lesson in the process. Try not to take this class twice. The tuition just keeps going up.
Wiki User
∙ 16y ago
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