Depending on the context, someone is saying that they intend to sell. If a vehicle has been repossessed, for example, the lender can notify of an intent to sell, to recoup losses on the unpaid part of the loan.
only the last one counts
Pay for the car and get it back, or pay the deficiency after it has been sold.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
Mary, the answer is NO. You will have to pay the balance due after the sale price has been deducted.
As a rule of thumb, you will owe the difference.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.
No. You wanted the custom work; it belongs to you. No one will pay you for customizing your own vehicle.