Yes and NO, However it depends on several factors. First check to see if you have a judgment that has been updated by your local court. Then check to see if your finance company has write off your deficiencies. In general charge offs must be renewed every five years. The state you live in makes a lot of differences as far as how the REPO law in carried out. If you like contact me I'll give advanced information based on your state.
The finance company will sell the wrecked car and you will be liable for the balance on yourloan less whatever the car sells for which in your case will be almost the total of your outstanding loan.Then they will come after you for the money.
The same as a purchased truck that has been wrecked. You will have been required to insure the vehicle. Contact the insurance company and file a claim. An adjustor will determine if the vehicle should be repaired or totaled.
It's supposed to be 'vehicle' And the answer the sentence 'The vehicle has been damaged
That isn't enough information. I suggest that you talk to a lawyer.
Did you have insurance when it was wrecked???
The Recked Vehicle is rockhoppers ship
Simple, they save lives and avoid damage to property. They put out fires, go to medical emergencies, and even get people from staying entrapped in a wrecked vehicle.
Whomever the car is titled to. You will have to sign the title over to the insurance company since they essentially bought the wrecked car from you.
Drivers are required to have insurance. If you wreck your vehicle, the insurance company will pay for it. If you are driving without insurance in a vehicle that is not paid for, you still are obligated to repay the money you borrowed to buy the car. It is not the bank's fault that you wrecked the vehicle.
Hidden Lake in the left
Hidden Lake.
Hidden lake