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On ANY repo, you pay the balance due AFTER the car is sold. Payoff = 5K, car sells for 2k, fees = 1K, you owe 4K.

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โˆ™ 2015-07-15 18:40:13
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Q: Do you pay what is left on the loan or what the lienholder sells it for on a voluntary repossession of a car?
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Related Questions

Can you set up payments for what is left after a voluntary repossession and the vehicle is auctioned?

You can always make an offer, but its up to the lender whether its accepted.

How would an incarsarated family member return a new car to the dealership?

Well first off, it's not like he could get a refund. If he is simply going to let it get repossessed, he can have someone else drop it off & he can send the lienholder a letter stating he is voluntarily letting them repossess the vehicle, along with location of where it was left. Voluntary repossessions avoid additional charges, towing, repossession fees,etc.

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What are the car repossession laws in Ohio?

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Does the car owner have to pay impound and storage fees after repossession?

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How will a repossession affect your credit report?

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Are there any toys made specifically for left handed children?

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In Maplestory which NPC sells Scrolls for Staff for Magic Attack with 100 success rate?

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