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Can your car be taken for late payments if you become disabled?
Yes, it is not the banks fault you are disabled. You can conntact you loan company and they may be willing to work with you. But they are not required to change the terms of the loan.
If your car is stolen or totaled and you bought extra insurance with the purchase of the car will you be liable for the rest of the payments?
no unless there is some exclusion. (read the fine print)
Can I have sum 1 take over the payments on my car and not be liable?
I don't think you can the car is still in your name ,and anything that happens to it will always come back to you.
Can i let my x wife drive my car and make the payments and I not be held liable she can't get financed in her name because of her credit?
NO, if she cannot get the financeing she cannot be held liable. If you sign the paperwork you assume ALLliabilty.
Is a cosigner liable for an automotive repossession in Michigan?
When you cosign for an automobile purchase you are typically liable for an automobile repossession in Michigan. The reason why is because you are responsible for car payments as a cosigner if the primary debtor cannot pay.
What are the mobile home repossession laws in Nevada?
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.
What happens if one misses two car payments?
There is a potential for the person to be liable for penalties. Or worse, there is a possibility of the person getting black-listed or the person losing the car and all the money paid for the car.
Can you sublease a car that you are making payments on?
You can do what you want in that regards. You will still be liable for the payments and the bill will still come in your name. Check with a third party loan company. They may have high interest risk policys they can offer.
What if you have disability insurance and become disabled can they take your car your credit and still ask for money when the disability insurance was purchased to cover that type of event in life?
It is your responsibility to see that the DI pays you and YOU pay the payments on time. rem your agreement with the lender stated that YOU would make the payments on a certain date. HOW you get that money is up to you.
You want to put your car up for take over payments how do you do that?
Put an add in your local for sale and want adds, and advertise it as take over payments. BEWARE , there are some people who may say they will pay and wont but you will still be liable for the payments. Get the transaction in writing.
If I were to Cosign for someone so they could get a car what happends What is my obligation then?
You could be held liable for the payments if the other party defaults. Your signing the contract is "insurance" for the lender that payments will be made, and they will consider you responsible if the primary party defaults.
If someone else crashes your car are they liable?
Yes the person crashed the car is directly liable, but if you gave him the car and he was drunk or etc. you are also liable
