With enogh down payment, you can get a car with 10 repos. The more repos, the more DP needed. probably get a higher interest rate too.
It's the same on your credit, However it will save you money on repossessions fees if you voluntary Take the car back, because the Lender or finance company wont have to send out a repo. team to recover the car witch cost a lot of money and time. The repossessions will look about the same on your Credit, However it best to voluntary give it back, Because if you cant pay fo it then the right thing is to give it back to the Legal owner! It's the same on your credit, However it will save you money on repossessions fees if you voluntary Take the car back, because the Lender or finance company wont have to send out a repo. team to recover the car witch cost a lot of money and time. The repossessions will look about the same on your Credit, However it best to voluntary give it back, Because if you cant pay fo it then the right thing is to give it back to the Legal owner!
how do you find out if the owner still owe a finance company on the car you are buying?
YES.Clubs are designed to prevent THEFT. Repossessions are NOT theft.
The amount you owe on your old car is added to the loan on the new car,and that finance company is suppose to pay off your old loan.
She still has to pay with the car working or not.
Sometimes you can still finance a car from a dealer with poor credit but with a higher interest rate. There are also independent car lots that will finance a car for you. The only drawbacks from an independent car lot is they usually charge more interest and down payment.
They will....eventually. Regardless, you still owe.
Chrysler sells their repossessed car at auction.
The financier gets billed, then passes that cost on to the debtor.
I have a suspended license from a DUI I got and I wanted to know if I can finance a vehicle still?
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
Assuming you're referring to a car payment, you can add it to your case before discharge, or you can reopen your case and include the automobile finance company. Keep in mind, however, that if you're filing Chapter 7 and your car is collateral, it can still be repossessed.
its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.
You still owe the finance company the balance owed.
Yes, that is what should be done with the insurance money, pay off the car loan.
My car is in the impound, i still owe 7,000.00 the impound put a lean. Will the finance Co. take me to collection?
it will spoil your credit but will be cleared after seven years
If you are in a Chapter 13, then you must get approval from the trustee if you wish to incur more debt.
Yes you can. However how much you owe and what your current car is worth comes into play. IE if you owe 12000 but the car is only worth 10,000 you will need to finance this extra amount on your new car. Some finance companies will not allow this, so you may need to pay the difference if there is one.
No its perfectly legal and if you are still making payments on it, that increases values.
Many repossessions are done late at night because most cars are home at night. It is often safer for the repo man to work while people are sleeping because people do crazy things when 'their' car is being taken.
Even if your car is brand nee you can still get another car. As long as you can finance or pay for a car, you can have as many as you would like.
Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
You do. You were in possession of the car. The car was registered to you. Until the car is sold, you are legally and financially responsible for it.