Mary, the answer is NO. You will have to pay the balance due after the sale price has been deducted.
It can.
only the last one counts
"YOU" dont, the debtor does. call the lender.
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.
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
As a rule of thumb, you will owe the difference.
If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.
No. You wanted the custom work; it belongs to you. No one will pay you for customizing your own vehicle.
It might get repossessed.