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Keep paying or trade and finance that amount onto your next car
Wiki User
∙ 16y ago
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What if your car is worth less than the damage?
That is the true definition of totaled ...when the repair cost is more than the car is worth
what if the insurance company tries to pay you less than what the car is worth?
screw the insurance then
If you owe 2500 more than your car is worth and you trade it in for a car that is worth 2500 less than the new car what would you owe?
If you are trading in a vehicle in which money is still owed, the amount of money outstanding will be rolled over onto the new loan for the new car you are buying. If you owe $2500 on your current car, and are buying a car for $10,000, regardless if it is worth less than your current car, the $2500 note will be added onto the new loan unless you can pay it off beforehand.
What happens is a car is sold for less than it was purchased for five months ago?
Someone lost money.
Can a car be reposessed if the loan taken out on the car is much less than what the car is worth eg i have 7200 for a car and i only need about 2000 so if i default can my car be reposessed?
Yes.
If the cost of repair to a vehicle is more than the vehicle is worth do you have to pay for it like if their car is worth less than 1000 and you get charged 2200 and it was your fault?
i dont know. i asked you
If you want a new car and your present car is worth less than you still owe on it is trading in the only alternative?
if your car is in good condition you could try and sell it on your own and see if you can get a little more out of it, trading a car in or selling it to a dealer wouldn't be a good idea because they usually give you less then what the car is worth.
What happens if you pay the cost of repairs to a car which cost more than the car is worth but now can not afford to pay for the car and return it to the bank?
The bank will send the car to the auto auction, sell it at wholesale value or less, and you will be responsible for the difference between what the bank received from the wholesaler and what is left on the loan.PLUS, your credit will be damaged.
What happens if you have a dent on your car but don't know where it came from?
Then you have a dent on your car. If the repair cost is equal to or less than your deductible, then the whole of the cost will be out of pocket.
Who owns the car after it is repossessed?
It would go to a car auction and sold on to a new owner and may be sold for a price much less than it is worth
How do you fix the gas gauge on a 1997 Honda Accord?
Sell the car for less than you think it is worth and get rid of the problem.
What if you buy a car worth less than your trade in?
You'll get back the rest as money to use in your career ;) enjoy game
