Can a car be reposed if you owe less than 1000?
Car CAN be repo'd even if you owe $1. Whether or not it does get repo'd is up to the lienholder.
Can you get your reposed car back if you pay the balance in 72 hours or less The balance owed is 500.00 and was only two payments behind?
I live in OH and my car was just repossessed I owe less than 1000 on it and it doesn't run Will they try to sue me for it or what?
What can you do if the dealer advertises the same car for 1000 less on their website than what you paid?
I have been in the car business a good while and I have seen different examples of this I saw a dealer i used to work for sell a vehicle which was an executive demo with 43000km on it for almost new price and it was listed as a brand new car general rule of thumb if it's less than a year old with less than 10000km or in your case miles it can still…
The premium is what you pay for the policy. The deductible is what the insurance company will not pay for what is covered. For example you buy a car policy for collision. You pay the premium of $50. If you crash the car, the company will not pay any thing less than the deductible. If the deductible was $1000 and you sustained $1500 damage, the company would pay you $500. If the damage was less…
What if you block your sons car that is being reposed can the repossession company move your car to get the wanted car?
No, unless you try to run and hide the car, and even then not likely. But they can reposes your car, sell it, and you pay the difference in what is owed and what the car sells for, plus repo fees. You credit is also ruined for 7 years. Call the lender and work something out. Do not allow your car to be reposed.
If you bought the car with a car loan and you intend to reaffirm the debt, and the equity in the car is equal to or less than the exemption available, any time. If you paid cash for the car and it's value is equal to or less than the exemptions available, no problem, especially if you had to buy a new car to get to work or some other good reason.