The former owner of the car, now still owner of the DEBT, gets to pay the debt. The leinholder will likely get a judgment for the balance due and proceed to collect. Uless your name is 'turnip", you will pay.
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.
Are Danny Devito and Joe Devito related?
How old is Danielle cohn?
Do mother birds really abandon their chicks if a human touches them?
40 thousandths equals how many hundredths?
Where is corin pinky ames from Holmes on homes now?
How do you write 1.01 million out?
How many times did Tom Hanks say Wilson in castaway?
What countries have only three syllables in their name?
Where is the origin of the Panama hat?
Have you ever crashed a wedding or had your wedding crashed, if so what happened?
How many times did Joe Biden run for president?
What is the world’s oldest soft drink?
How many novels did Charles Dickens write?
What do the colors on America's flag mean?
How did Harry Houdini come up with his stage name?
What is modal fabric?
What does y2m mean in knitting?
What is distinction percentage in ICSE?
BA-28 which is a recommended water-skiing safety practice?
What happened to Simon o'brien's eye?
What is the sequence of the mRNA made from the gene TTACAGGTCCCA?
What is your primary responsibility when other boats are in your area?
Is racing post app suitable for kindle fire Why can't kindle fire find a player when I try to play racing videos replays from Channel 4 Racing app?
What is Alan Hansen doing now?
Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.