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from akacastro: No, if you no longer want your car. The towing company is either a subcontractor of the Auction dealers who were contracted to eventually sell your car, or the lending institution. If you plan on reinstating your vehicle, the lending institution or AUCTION dealer or towing company is fully insured while the vehicle is in their care or possession.

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โˆ™ 2006-09-11 18:39:16
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Q: Do you still owe money on a car in which they broke the ignition during repossession?
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Related questions

Can a payment be made during a repossession?

No. They're not there to collect money, they are there to reposess.

What is a contingency repossession?

One where the repossession agency receives no fees to cover the expenses incurred in the efforts expended during the recovery process unless the unit is actually recovered. No repo, no money.

What to do to after a car repossession?

nothing pay your money

What to do if you have to go to court for a vechicle repossession?

Pay the money you owe

Can you be broke?

You can be broke by not having any money.

What does 'die broke' mean?

"Broke" means you have no money.

What does broke means?

'Broke' means lacking funds, out of money.

Is it better to do a voluntary repossession?

It will save you some money BUT you will still have a repo on your CR.

Do you have to get a job?

If your broke or short on money,then you have to.

In Georgia should you do a voluntary repossession or just repossession?

The second to last sentence should read - Never will a voluntary repossession cost you MORE than a forced repossession. A repo is a repo. Voluntary Repos will, in most cases, save you money due to the cut in fees associated with the repossession. In some cases these fees will not be any less and the cost of a voluntary repo and the cost of a forced repo are the same. Never will a voluntary repossession cost you less than a forced repossession. Either way, voluntary repossession is the decision I would make, due to the possibility of a lesser cost.

Can you be threatened with repossession for having been arrested?

You being arrested has no bearing on your loan. As long as you make the payments on time there will be no repossession. The loan company does not care if you are in jail as long as they get their money.

How can you use broke in a sentence?

I was broke when I bought candy with all my money. My friend almost broke my glass cup.

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