Do you still have to pay part of the loan depending on the value of the car if it is repossessed in California?
YES, you pay all the loan amount, sooner or later.
If you still owe for a car that was repossessed three years ago can they take your new vehicle that is fully paid for?
In Virginia can a credit company repossess your car and still demand the money owed above the value of the car?
When your car is repossessed, they sell it for what they can get. Value has nothing to do with what price it brings. They simply get what they can. You are then responsible for the difference in the amount they sell the car for and the balance on the note. Your credit is then ruined for 7 years. This is why having a car repossessed is a horrible idea, and should be a last resort.
Yes. If there is a difference between the value of the vehicle and the balance still owed on the loan, plus applicable fees and interest, it must be paid by the borrower. However, the actual value of the vehicle may not be the amount that it is sold for even though the lender/seller is legally required to make a reasonable attempt to get the market value.
First, they go to auction. Depending on the agency auctioning them,, those auctions may be open to the general public, or they may be open only to selected bidders. From there, they're often bought by wholesalers.. depending on the age and value of the vehicle, they may either be bought by reputable dealerships, or by these 'buy here, pay here' lots.
Assuming that they are in mint uncirculated condition, the most valuable Australian general circulation Pennies in approximate order of value would be the - 1930 1925 1920 - depending on mintmark 1919 - depending on mintmark 1946 Circulated coins will still have some collector value depending on their condition.
I can can be legally repossessed no matter where it goes in the USA. As long as the repossessor can find the car and identify it as the one to be repossessed. It may not be cost effective if it is a long distance unless the vehicle is of greater value than the cost of returning it and paying someone to do that. They can also wait until you return.
Can the difference in money owed and value be claimed from you after having a car voluntarily repossessed?
Who retains ownership of a vehicle that was repossessed when the borrower has his wages garnished for money still owed?
If you sold your car to someone who stiffed you for the vehicle can you sell the title if it is still in your name?
What is the tax on alcohol for bringing more than the ammount allowed to from Mexico in Arizona and California?
When a vehicle is repossessed by the lender it is sold at a public auction for as near the fair market value as is possible. The amount the vehicle is sold for is deducted from the balance of the loan and the borrower is responsible for the repayment of that amount plus any interest and additional fees. If the borrower is unable to make a payment agreement with the lender, the lender does have the…
At this time. mintmarks were still hand punched into the working dies at the mint the coins were made at. Unfortunately errors of this type are common, but it still may have some extra value depending on how much of a slant it has. Show it to a couple different dealers for an idea of value, it won't be much.
Unless it is a proof or uncirculated coin, $1. As of 08/2009 uncirculated ones retail for about $3.00, and proofs retail for anywhere from $14 to $25 depending on their quality. The 1999 SBA is still in circulation and is face value. More than 41 million were made and are still found in circulation today, the coin is face value.