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If a car is repossed are you still responsible to pay for the remainder due on the car?
Wiki User
∙ 16y ago
Yes. You are also responsible for repo fees, storage, auction and collection fees. You pay for it all.
Wiki User
∙ 16y ago
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Are you still responsible to pay off the remainder of your car balance once it is repossessed?
YES. Read your contract.
Who is liable if parts are sold from a repossed car?
The person or company that repossed it.
You stop making payments and they come get the car can they take you to jail for not making the payments?
No, once the car is repossed by the seller, you will not be arrested but the company will often resale the car at auction and can sue you for the remainder of what you owe including interest.
The bank tells me that I owe a car loan but the car was in an accident and demolished?
Then you're still responsible for the car payments. If insurance doesn't cover the entire cost, then you have to make up for the remainder.
Can a lender charge you interest in Michigan on the remaining balance of a car repossed?
It is still a loan. as long as you owe, interest accrues.
If your car gets repossed can you get your possessions that you had inside?
yes
How do get your repossed car back in Arizona?
Pay what you owe.
Can my car get repossed from a private parking lot?
Yes, it can.
How do you find out who repossed your car?
The lender who holds the note on your car, is the one that repossessed your car.
Your car was repossessed how can you get your car back?
If your was repossed you need to call the car company and pay your car
Can a military members car be repossed?
Anyone's car can be "repossessed" if they don't make their car payment.....
What happens if I can't payoff my car by the maturity date?
get repossed
