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2008-02-24 06:40:02
2008-02-24 06:40:02

Yes. You are also responsible for repo fees, storage, auction and collection fees. You pay for it all.

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The person or company that repossed it.


The company physically takes possession of the car. They sell the car, and apply the sale price to the outstanding loan. You are then responsible for the remaining balance.


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.


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.



If your was repossed you need to call the car company and pay your car


The lender who holds the note on your car, is the one that repossessed your car.


Anyone's car can be "repossessed" if they don't make their car payment.....


In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?


whatever the worth is of the car or more


Payments made after a car is repossessed will no longer be returned to the debtor. In fact, the lender can still require the debtor to pay the remaining balance of the loan.


If they are still in the car, the person that stole the car is responsible, unless he can convince the police that someone else is responsible.


The vehicle will be sold. That amount will be applied to your balance. You will be responsible for the remainder owed along with any fees associated with the legal aspects etc



Yes. As the comaker on a loan, you are equally responsible for its payment. In the event the other party defaults, you either pay the loan yourself, convicne the other party to, or if able file bankruptcy.


Nope. Nothing bolted or wired. They are now part of the car. Sorry.


Yes, if other terms of the contract are breached, such as having no car insurance.


you should probably call your bank. or whoever loaned you the money for the car. they should know where it is


No u can get ur car repossed any day and any time.


Yes. If you signed the loan, you are still legally responsible for it.


Yes, a car can reposed no matter where it is, unless it is in a garage. IE car park, under a tarp, etc.


Yes, and they will. The can garnish up to 25% of your wages.


Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.


You need to be asking the lender this question. They can tell you exactly what to do to get your car back.



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