Law & Legal Issues

Auto Loans and Financing

Repossession

626364

Top Answer

YES, making the down payment is part of the contract and you are in default on it.

The vehicle was repossessed for non-payment of the lease, correct? You still owe all the money to the lender, even though you no longer have the car. You signed a written agreement with the lender promising to pay a certain amount each month for how ever many months were in the lease. You breached that written contract by not paying the monthly lease - Just because the car is taken away from you does not absolve your financial responsibility to pay for the remaining parts of the lease.

If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.

A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.A modulus is the remainder after a number has been divided into another. 3 divides into 10 with a remainder of 1. So 1 is the modulus of 10 divided by 3.

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