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The bill is due immediately after the finance company sells the vehicle and totals the cost of reposession.
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∙ 13y ago
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When a car is reposed how much financial responsibility does the owner have to pay back?
All, unless it was in someone else's possesion then you sue the possessor.
When you vehicle is reposed are you financially responsible to pay the bank anything?
When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.
In Wisconsin how do you get a reposed car back?
If the car has been auctioned off after you got notice of the auction and how much you needed to pay to get it back, you can't get it back. If you are lucky, you may be able to get some of your personal property from the car back. If it has not been auctioned, you can pay the amount owed or file bankruptcy.
When your car is repoed and you pay the loan off how long do they have to give the car back?
they usually do not give it back. once they take it, it is theirs.
When your car gets repoed by a used car lot do they came after you for the rest of payment?
The car will be sold. You are responsible for the difference in what the car sells for and the total outstanding balance on the loan. You will be required to pay this amount. Never ever let a car be reposed. Talk to the lender and work something out.
How does monthly car insurance work Do you pay it as long as you have the car or do you have to pay the full 12 months in monthly instalments even once you have gotten rid of the car before year end?
well I have a question for you.... what is 7+5?
You are not worried about your credit can they just come and get the car?
Remember, that you will be required to pay the difference in what the lender sells the car for and what the balance of the loan is. Plus you will pay any repossession fees. Having your vehicle reposed is one of the dumbest things you will ever do. Sell the car, and take out a loan on the balance owed. Let someone else take over the payments. Tak with the lender and work something out. Do not allow the car to be reposed. You say you don't care about your credit. That is good, because it will be ruined for 7 years. Which is probably a good thing. You want be taking out a loan you can't afford to repay.
Can you go to jail for not paying your car note?
No, unless you try to run and hide the car, and even then not likely. But they can reposes your car, sell it, and you pay the difference in what is owed and what the car sells for, plus repo fees. You credit is also ruined for 7 years. Call the lender and work something out. Do not allow your car to be reposed.
What if your car got reposed and you filed bankruptcy do i have to pay storage charges to the repo company?
Typically, when a car is reposed the financing company is responsible for all fees incurred in repossessing your vehicle. If you added the reposed vehicle in your bankruptcy and it was discharged with your other debts, you owe nothing to the bank or any of its' subcontractors. It is the financing company's responsibility only to pay its clients. If the repo. company is harassing you for the storage charges they are out of line. They must seek restitution from the financing company only. If they continue to call and pursue, call your local attorney general and state government banking association to file a complaint against the repo company and the bank. After a bankruptcy is discharged it is illegal for a creditor to call you for any financial restitution of a federally discharged debt.
How long do you get Minecraft once you pay?
forever
How long does it take for a hy-brid car to pay for itself?
It will never pay for its self becaus a car cannot pay for its self
How long does the dealership have to reclaim the vehicle once you drive off with car?
It can reclaim (or reposes) the car Anytime if the owner does not pay off the money due on the car. Most of the time, the owner pays what is owned and the dealership can't reclaim the car. However, if the owner can't pay for the car, even if it's years later, the dealer can reposes the car.
