Yes sell whatever you can because the bank will auction your car at below the market after they repo it(sometimes way below market)and you get to pay the difference between your TOTAL LOAN AMOUNT including the interest and what they get at auction.
3 months
A repoed auto is usually sold far below its retail value. If you have a chance to sell it yourself and pay off the loan before it is repoed you will be dollars ahead, even if you lose money on the deal.
First, get some sort of proof that it was NOT destroyed before it was repoed, call the lender who had it repoed and askk for repairs to it. If they refuse, call a local attorney.
I want to take the company that repoed my truck to court. I need to know what the statue of limitation is to file.
"How will filing for bankruptcy help before your car is repoed? As soon as the B/K is filed, an AUTOMATIC STAY is in force. lenders must stop ALL collection efforts. If your not able to file for bankruptcy before being repoed how long will it take for them to garnish your wages in Ohio. ": That will depend on how quickly the lender files the paperwork, the court gets to it,ect. Guesstimate?? 1-6 months.
Even if you could you would still owe the bank the money they paid for the car.
It can be sold as long as a buyer can be found.
dont see why not. I've repoed a car within a hour of getting the assignment.
Certainly it does. It could be repoed multiple times, and each time this occurs more and more fees and penalties are added to the original or remaining balance of the loan. If you cannot afford the payments, your best option is to surrender the vehicle and seek other means of transportation.
0 days--It is at the companies discretion..there is no law stating a vehicle has to be a certain number of days before it can be repoed
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
NO.