YES. Read yo contract.
Not unless the bank auctions the car for less than if left on the loan (which is usually the case). Also, the only way to not owe after repo is file bankruptcy, in which you loose your liability on the car.
Yes. A bank repossesses a vehicle for nonpayment. If your vehicle was taken for being on a public roadway and not having insurance, it was impounded. When a vehicle is impounded, a lien is placed on it by the agency which ordered the impound. The interests of government agencies override those of the bank, and they can sell your vehicle to recoup impound costs if you do not reclaim it within a specified period of time. In this case, the bank receives nothing from the sale, and you still owe the bank the remaining balance.
yes you do so the bank or dealer wont report it to creditors. When a vehicle is repossessed it must be legally sold for the fair market value, or as near as possible to that price. The amount obtained by the sale is applied to the remaining balance of the loan. The borrower is responsible for any deficit amount plus applicable fees. A repossession is almost always entered on a credit report.
Banks often keep repossessed vehicles in their parking garages. or in an appropriate storage area a reasonable distance from the bank. Walk into the bank and ask for the person in-charge of repossessed vehicles. Once onto the right department, state that you wish to purchase a particular repossessed vehicle when the title has cleared with the bank...and don't be intimidated into thinking you can't bargain, you can. Good luck.
How many 3s in 313433535333?
When did women first get the right to vote?
How many times can 18 go into 100?
What letter is an animal?
What year woould you graduate high school if you were born in 1968?
What does the v in RSVP mean?
How many times did Joe Biden run for president?
What is the world’s oldest soft drink?
How many novels did Charles Dickens write?
What do the colors on America's flag mean?
How did Harry Houdini come up with his stage name?
What is modal fabric?
What were George Washington's false teeth made from?
Who was Yale University named after?
How much pavan is one kg gold?
Is marmot halal or haram?
What is the name of Lavanya in devyani serial?
Problems that can occur with the hand fitting activities?
Is it illegal to pick tiger lilies in Alberta?
Who is the man who sits next to Robin McGraw on the Dr. Phil show?
What are the energy changes when icing sugar burns?
What is the laqab of hazrat idrees?