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15y ago

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When your car is repoed and you pay the loan off how long do they have to give the car back?

they usually do not give it back. once they take it, it is theirs.


What happen if have car loan with a bank an you no longer need that car because the monthly payment is high can you take you back an get less one an will you continue with the same bank?

No, you are obligated to pay the loan you agreed to. If you give back the car (a voluntary repo) it will seriously affect your credit.


My car was repossessed and they wont give me back the car unless i pay the car off?

that's the point of repossession. you cant pay, they take it away.


Can you be arrested for owing a title LOAN anD longer have the car?

No, you will not be arrested but you are still liable to pay back the loan.


How can you get back your car from repo?

pay off the debt you owe on the car, and if they trust you enough the company you are making the payments to for the car will continue to give you the car


You cannot make the rest of the down payment and the dealer wants the car back do they have to give us back your trade?

In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?


I have a buy here pay here car I can't afford it anymore I want to give it back How do I do that?

just take it back where you bought it and tell them you can not pay, but have a ride home with you


What is a dealer holdback?

Back when car companies were first getting started they did not have the money to produce cars and have them sitting around waiting to be purchased by dealers. The would have the dealers pay up front before the car was built. The price they had them pay for the car was more than the cost and when the dealer sold the car they would send them back the overage or hold back. Although dealers no longer have to pay for a car before it is built they still pay more than the car costs. Just like in the beginning when the car is sold the manufacturer will give the dealer back their held money. This is a way for dealers to keep a steady cash flow as long as they are selling cars even if they sell one or two at true cost.


Can a lender make you pay the balance owed on the car if you voluntary give it back?

It would depend on the contract you had


After repossession does a car dealer have to wait before they can sell your car.?

IT DEPENDS IF IT IS BUY HERE PAY HERE OR A BANK REPO BANK REPOS YOU HAVE 15 DAYS TO PAY THE CAR OFF IN FULL AND 30-60 DAYS TO RETRIVE YOU BELONGINGS OUT OF THE CAR. BUY HERE PAY HERE LOT WILL GIVE YOU YOUR CAR BACK AS LONG AS YOU PAY THE REPO CHARGE AND YOUR BACK PAYMENTS


What should you do if you can't afford your car note and want to give it up?

Call whoever provided you with the loan and tell them you can't pay for it and give it back to them.


If you sold a car and had a verbal agreement and buyer doesn't pay for car can you get it back?

Why would someone give something to someone with getting paid. It sounds like the car was a gift.