0
Can a car dealer in Iowa still make you pay part of loan after a car has been repossessed?
Wiki User
∙ 10y ago
Yes. When a vehicle is repossessed, it gets sold again. The amount received from the sale is deducted from the balance owed (which will now be augmented by repossession fees, storage fees, service fees, etc), and you will still be liable for that amount of money.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Your car was repossessed after being six months behind and then you get a call from the car dealer after two years trying to repossess the car are you still liable?
If the dealer calls you after the car has been repossessed, then you should inform them that you no longer have the car. They can contact the finance company to verify the information.
Can you get your car back after it has been repossessed in the state of Iowa?
Yes, there are some instances that a person can get a repossessed car back in the state of Iowa. If the person pays all the money owed plus a repo fee, the car may be returned.
What are the consequences for taking your car back from a dealer after it has been repossessed?
Without proper permission (in writing) to take your car after it's been repossessed, it is considered stealing. Anything from jail time to a hefty fine. If it's been repo'd, it's not yours anymore.
What to do when your dealer don't accept your payments after your car has been repossessed?
you take your payments to pay them and say im here to pay them kthxbye
Can another bank or dealer help to get your car back after the 2nd time?
No, and it is not likely any would if what you are saying is that your vehicle has been repossessed twice.
If the creditors repossessed a motorcycle and then DID NOT sell it at an auction do you still owe?
No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.
How long dues the Car dealer ship legally have to hold the repossessed vehicel before legally selling it?
is it true that a dealer have to hold a car for twenty one days before they can sell it after it has been repossed
How do you get a title for a car that has been charged off for non payment?
Pay it off. It will still likely be repossessed.
Where can one find a good lawyer in Iowa if you wish to sue the bank that repossessed the wrong vehicle and items were missing on return?
IF one has truly been WRONGFULLY repossessed, one should not have a problem finding an attorney to take one's case. One is NOT likely to get rich from this case.
In California what happens if a vehicle has been charged off and it has been over a year and you still have it but there has been no contact or correspondence from the bank regarding a repossession?
It might get repossessed.
Will a dealer allow you to use a car that should have been repossessed but was never picked up as a trade-in?
If you cannot produce a "clean title", you cannot sell or trade the vehicle.
How can you buy cars that have been repossessed by the lender?
Each lender has their own way of disposing of a repo. Most will sale them at dealer only auctions. You can purse getting a used car dealer licenses from the state you reside and attending these auctions.
