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You dont they most often get liquidated at dealer only auctions.
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∙ 18y ago
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If you are the primary on the car note for an auto loan you got with someone else who pays when the car is repossessed?
As the primary, you are the first one they go after.
If your wages are garnished for a car loan but the car hasn't been repossessed can you keep the car?
That's the point. They want the money, not the car, so they garnished your wages to pay that loan. Keep it, drive it, enjoy it. If you want to sell that car, any money would FIRST go to pay that loan and you could keep any cash left over.
Can you go to jail after your car has been repossessed and you don't want to pay the loan?
No you can't be sent to prison.You can declare bankruptcy .
Where can I go to calculate my car loan?
I would suggest you go to bankrate.com. They have an excellent loan calculator that you can use for all different types of loan, not just a car loan.
Can you break a lease on a car?
It is possible but not advisable to break a lease on a car. The car would be repossessed, and the repossession would go on your credit report.
When a car is repossessed in Texas do you still have to pay the loan?
The car will be sold to satisfy part of the loan. Any money left over after paying for the repo man, and any admin costs will go toward the loan. After that, whatever is left on the note is your responsibility. You STILL have to pay off the loan unless you file bankrupcy.
Where would a person with bad credit go to get a car loan?
There are many places one might go get a car loan if one had bad credit. One of the best options for anyone seeking a car loan would be one's financial institution.
If there are two owners on a auto title and only one signs for a auto title loan and dies is the other person responsible for paying balance of loan?
The short answer is yes, if you want to keep the car. Otherwise the loan will go into default and it will be repossessed. If you did not sign for the loan, it will not affect your credit.
How can you get a loan if your car was repossessed due to late payments and debt and the finance company says you can't recover it unless paid in full?
Just go get another car. Do not worry about that, lots of places do there own loans and you do not have to go through a bank.
Where can I get advice on car loan?
YOu can get a loan for a car or anoth vehical just like you would get any loan. Go to your banking institution first to see if they offer it at a lower rate.
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
If you are the primary cosigner on a car and your son is the secondary cosigner can he legally have the car voluntarily repossessed without your consent?
well, if you want the loan AND the car, go get it. Tell the bank that you will keep the car.The bank really doesnt want the car, they want money.Otherwise, the bank will let him give it up if he cant pay. THE co-signor is the one with GOOD credit. If the signor didnt need help getting the loan, there would be no "co" signor.
