Do you still have to make payments after returning a car?
No you do not have to make payments after returning a car as long as you are ok with having a repossesion on your credit history and as long as your ok with the finance company filing a judgment against you for the amount left owed after the sale of the returned vehicle.
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
Can you repossess a car you were selling to a friend but they are refusing to make payments for it except for one when you still have the title?
Should you return a used car that has been totaled to the lender if you still owe two payments on the loan?
Your mom is a co-signor on your car loan and is filing bankruptcy you have always made the payments and still owe money on the car What happens to the car Do you still make payments What happens?
(Depending on where you live) You can: 1. She can elect not to include the car, and retain property of it. 2. If you are 1/2 way finished of payments you can contact the lending agency and request sole responsibility of the lien 3.Return the car to the title company If you keep the car, you will still be held liable for the payments. If you no longer want the car or to make payments…
What if you got a car in your name for someone else but they cant pay the insurance What should i do?
If you still owe a considerable amount on your car that isn't running should you continue to make the payments and insurance or voluntarily surrender it or sell it and take out a loan for the balance?
If you own your car or house and are no longer making payments should you still have insurance on them?
If someone made payments to purchase vehicle then changed their mind are they entitled to a refund of payments?
Most states do not have a cooling off period. Witch means that if you buy a car and then change your mind you are still responsible for making the payments. If you fail to make the payments your vehicle will be repossessed and sold to satisfy the lean holder. So no you will not get your money back, in fact you may have to make up the difference if the car sells for less than…
What if you lease a car a month later you find out the leasing company has no record of your account can you keep the car for free or give it back with no consequences?
No. In my experience and from what I've read, it is not wise to lease a car from someone with a loan. They can still be held responsible for the car if anything happens to it. If you cannot afford to make the payments and the bank comes to collect the car, and the owner does not have it, they can be arrested.