answersLogoWhite

0


Best Answer

YES

I guess I phrased the question badly..

The car dealer repossesed the car (illegaly, because he gave no notification), and threatened to keep the car and all the money that had been paid. He wouldn't work out any new terms before that. And he would not accept full payment of the car on the date the final payment had to be made.

He will very soon be put out of business.

User Avatar

Wiki User

8y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can someone who has repossessed your car in Colorado also keep any money you have paid?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What are the benefits of land refinancing?

Land refinancing can be useful to raise money to spend on improvements to the land. It can also be a good idea for someone who needs to spend the money elsewhere.


Can the bank come back to you for the difference of the loan after the car has been repossessed and auctioned?

yes they can...but it also depends on state laws too


If your car is repossessed and they auction it do you have to pay the amount that they tell you is leftover on the loan?

Melissa, what does your contract say?? It also depends on what state you are in. Usually, YES, you do have to pay.


How can you sue someone you loan money to?

You can sue anyone. What you need to win the lawsuit though is evidence. You have to prove to the court that the other person you loaned money to did not pay it back and you also have proof that they agreed to pay it back.


Why do apartment owners charge a higher security deposit when a person has bad credit?

People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.People with bad credit histories may have other bad behaviors. Also, it would be more difficult to collect for damages from someone who has no money. That all makes it wise to collect more up front.

Related questions

How might one purchase a bank repossessed car?

Buying a repossessed car today can be a great way to save money, but be careful to inspect the car to be sure there are no hidden problems since they are typically sold "as is". Some dealers specialize in repossessed cars and you can also find them at a local auction.


What schools in the Colorado Springs area offer classes that help someone become a record producer?

You can take courses at Colorado College for record production. You can also take courses at Colorado Technical University.


Where can someone book a vacation to the Colorado mountains?

A website created by Colorado called 'Colorado Mountain Vacations' gives tourists every single detail and exactly what is at the park. A vacation to the mountains can also be booked from the website.


How can a person find and buy repossessed cars?

Repossessed cars are usually auctioned off in the county they were repoed in, you can also try this link to help find repossessed cars, http://ultracarfinder.com/


How can someone put their Chevrolet Colorado out for sale?

If one is interested in selling one's Chevrolet Colorado, it would be suggested using local car dealers and also online auction websites such as eBay.


Is it ok to give money to someone you know but never met?

No and its also not safe.


What happens when a car is repossessed and you are the cosigner?

You will also be liable for any deficiency balance


Why is Colorado named Colorado?

Because of the Colorado river, which was named by the spanish, meaning 'red'. Also, because Colorado means color red.


What do we call it when someone stops you in street and takes your money?

It is robbery, also known as mugging.


Where could someone find a listing of Colorado real estate lawyers?

One can find a listing of Colorado real estate lawyers on the Property Lawyers website where one can search for lawyers by location. One can also find them on Yelp.


What western state is north of Colorado?

Wyoming is the state directly north of and on the northern border of Colorado. Nebraska is also north of Colorado, located on the north and east borders of Colorado. Montana is also north of Colorado as it is north of Wyoming. South Dakota and North Dakota are also north of Colorado as they are north of Nebraska.


What is the location of the pikes peak?

In Colorado, it runs eastern to the Rocky Mountains. It's also located by Colorado Springs. :)