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In most of the US, they actually pay you a pro-rate of the time left on your registration. If you are still making payments on a financed vehicle, this is not recommended. Take the tag and registration to the courthouse and surrender it. If you are also canceling insurance, make sure to surrender the tag and reg FIRST as most states have fines for canceling insurance on registered cars. Some states' fines are VERY expensive. You don't have to surrender the title though.
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Do you still have to pay your car insurance if your car is off the road?
I have taken my caroff the road for the winter. Do I still need to pay insurance
Do you have too pay car insurance on a car not being driven?
If it is completely off the road you do not need to pay insurance. But do not move it one inch on a public road!
Should you trade your car in or pay it off?
pay it off
What is the shortest amount of time I can take to pay off my car?
You can pay off your car as fast as you can. That's great you can pay it off so quickly.
Do you pay tax on a antique car?
only if it is on the road
What could happen to a business facing insolvency?
A business facing insolvency can declare bankrupcy, in which case it will close and its assets will be auctioned off to pay off creditors. A business facing insolvency can declare bankrupcy, in which case it will close and its assets will be auctioned off to pay off creditors.
Should you pay off your repo car?
You should pay off your repossessed car if you want to fix your credit quickly. If you are not worried about your credit, you can wait to pay off the car or file for bankruptcy.
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
Do you pay when the points come off your UK licence?
After 4 years you can pay to have the points removed from your license. Currently is costs around 20 pounds. You are required by law to declare to your car insurance company 5 years after the offence .
What happens when a car drops something in the freeway and it hits your car?
If the object came off the other vehicle there liability coverage will pay for the damage. If it came off the road and was just kicked up by their vehicle then they are not liable for the damage. In that case it is called road hazard and would not be covered by the other parties insurance. Your insurance will pay for it if you have physical damage coverage on your vehicle.
Can you buy a car if lien on car?
Yes but make sure YOU pay the lien off and don't just pay the seller and hope they will pay it off.
Can you just declare bankruptcy on your credit card debt with no car loan or payments and don't pay any kind of rent basically just don't want to pay off credit card debt?
Not unless your source of income has dried up.
