YES, after they get a judgment for the amount still owing on the contract. That amount can be applied as a lien against other property you own.
Before buying repossessed cars, you should first research the frequency of repair and maintenance costs on the models in auto-related consumer magazines. You can also ask for the car's maintenance records from the owner, dealer or repair shop.
You can buy repossessed automobiles in the U.S. through many county auto auctions or police auto auctions. Check with your local courthouse or police department to find the next auction.
When an auto loan is refinanced, repayment is structured depending on the amount outstanding on the loan and the amount of months left to repay at time of refinancing. This may enable a person to save extra money by lowering the cost of the loan payments.
One could search for repossessed cars for sale online at the websites provided by the companies Repo Direct, Auto Bid Master, Repos 4 Sale, Cars for Sale, Bank Repossessed cars and Repossessed Cars Sale.
depending on state laws. some officers say they have to before hand so that it is on a repo list the officers have on hand. some say its a courtesy call. you can ask a local officer in your residing state
Yes some repossessed vechicles are sold in auctions. There are some that the banks own, but they try to recover their moneys lost as soon as possible.
The car company generally has to give you notice before going through with a repossession. Also, they should give you the opportunity to pay the outstanding bill before resorting to a repossession.
yup The creditor who repossessed the car has to sell it (usually at auction) within a reasonable amount of time (2-3 months). They have to notify you that it will be sold. They have to give you any amount above what you owed plus reasonable attorney and other fees, or if there is a deficiency (the sale price and fees was less than what you owed), they can sue you for the difference.
not much, basically your hands are tied. when you pruchased the vehicle and signed a contract it was probably stated in there that if the vehicle is repossessed it will be sold at auction and the balance/credit of the debt is the responsibility of the purchaser
A deductible in any kind of insurance is, basically, the minimum amount before the insurance "kicks in." On any repairs covered by your insurance, you will have to pay the deductible amount before the insurance will pay anything.
A person can find a list of repossessed cars that are for sale in several different places. Some of these places include GOV-Auctions, Auto Bidmaster, and Pickles Auctions.
In the state of Nevada, if you do not make payments on a car you are buying, it can be repossessed with no notice given to you. Once repossessed, you will still be liable for all further payments even if the car is sold at auction to another buyer.
One can find information on refinancing an auto loan through many financial institutions. They will be able to inform the individual of amount outstanding, how much one would qualify for, and interest rates. Some include RBC, TD Bank, and Scotiabank.
well of course when they go to repo an auto they are getting that auto by dragging it driveing it towing it by all means
not in the U.S. don't know about other countries It can't be repossessed as far as I know, but the mechanic can place a mechanic's lien on the car in most, if not all U.S. states.
As the primary, you are the first one they go after.
Ask your local law enforcement agency. And then ask them the penalty for grand theft auto.
you need to check first your account and then you get it You will have to take or send it to the loan company. They have the first right to any money from the check to cover the outstanding loan amount.
Automatic locking safes have a preset amount of time before they auto-lock and cannot be changed. The only thing that can be set is the combination to access the safe.
The terms of most auto leases require that you maintain insurance. Failing to do so is typically cause for termination of the lease. If you can't afford insurance, you can't afford to drive.