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That depends upon the terms of your loan; typically additional insurance called "credit life" needs to be purchased on the value of the loan.
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∙ 12y ago
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What do you do with a financed car when you have to move abroad and can't keep paying it?
Sell it and pay your lender!
If I take my car back to the bank that financed it will they process it as a repossesion?
Yes because that is what it is.
Can you register a financed car?
You can, should, and are legally required to register a financed car.
The war effort by American colonists would be financed primarily by?
borrowing from abroad.
Can a judgment creditor take my fully financed car?
Not if it is 100% financed or on a lease. A judgment creditor can force you to sell it for its market value, pay the lender what is due on the loan and take the rest.
How do you get rid of a financed car and or leased car?
Get someone to take over payments, via an ad in the paper. Trade it in, or give it back to the bank, and take the hit on your credit.
If you owe money on a financed car that's reposessed and buy another car can anyone take your newly purchased car?
Yes, especially if you leave the keys in it.
Car broken and needs repairs and it is financed?
car is broken and needs major repairs but is still financed how do pay for the repairs
Average amount financed for new car?
What is the average amount financed in an auto loan
What percentage of new car purchases are financed?
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
Do you need insurance on a financed car in NJ?
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.
Can a car lot take back a car after you signed a contract with them they say the loan was not financed?
Yes. You expect them to let you keep the car without paying for it. Go out and get you own financing.
