Can your car be repossessed if you lose your job?
No, but your car can be repossessed if you don't make the payments.
If you tell an auto dealer that you have a job when you know you are quitting that job can you get in trouble?
If you don't have a job and your car gets repossessed do you still have to pay for it when you didn't have a job when you first got the car and no credit was checked?
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.
What can you do if you lost your job and your car was repossessed about 2 months after you purchased it?
If you cosigned for your son and the car got repossessed and he has a job and failed to pay can they sue him?
What can you do if your car was repossessed and you just got a part time job after months without one and you have 10 days to pay the 8600 owed?
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay…
Can your car be considered repossessed and put on your credit report as repossessed if they never picked up the car?
Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.