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If i turn my vehicle back voluntarly can the bank come after me for the what they don't sell it for?
Wiki User
∙ 16y ago
I think it could be depending on which state, but they can bill you for the balance owed after the auction.
Wiki User
∙ 16y ago
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Can you file bankruptcy on a car title loan?
Sure, then the bank will come back and get the vehicle and send it to the auto auction to get as much of their money as they can. Bankruptcy only applies to unsecured loans. The vehicle loan is secured by the title of the vehicle. If you don't pay, see how long it takes the bank to inform you that the vehicle is now theirs.
Will Jericho come back in money in the bank 2011?
He may not...
Will a probation violation result in a warrant issued?
Possibly. Your probation officer has all the power. If they feel you are a danger to the community they CAN violate your probation and if you fail to come in voluntarly, a warrant will be issued.
You can't pay for the car but the company won't come get it?
The bank that you have the loan with hires repo men to repossess the vehicle
What is your obligation if you take the car back to the bank before they come to get it?
When the car gets back to the bank, its sold and the debtor owes the difference between what it sold for and the outstanding balance on the loan. IF it sells for more than is owed, debtor has to pick up the check for the surplus. There are no differences between a voluntary repossession/relinquishment of vehicle by the borrower and the forced repossession/recovery by the lender, except for some of the repossession costs such as towing. FYI, a bank will not allow you to return the vehicle in the sense that you can "drop it off" somewhere.
When you finance a car in Washington State what is the statute of limitations on the bank collecting the vehicle?
This must be an exam Question. What does it matter? IF you havent paid for the car and cant/wont, take it back to them. IF you have told the lender to come get it and they havent, call a tow truck to come get it. They will deal with lazy lenders.
Is it legal for a co-signer to reposses the vehicle that is financed through a bank?
I don't think so. The co-signer is not the registered owner and has no claim to the vehicle. Only the bank or the loan company (which lends the buyer the money and holds the vehicle title until it's paid for) can repossess. The co-signer just guarantees the loan. If the buyer defaults, the bank will come after him to make payments.
If a car has been in your possession for three years after a voluntary repossession What happens next are you able to legally give the vehicle away?
If you voluntarily gave the vehicle back, you wouldn't still have the vehicle, so if you mean that you told the bank where to come get it, and they never did, I guess it would depend on the steps the lender took to secure title to it. IF you can prove the vehicle has been abandoned (timeframes are different in different states), you might be able to file abandonment papers, and ultimately gain title to the vehicle.
Is it a repossession when the bank couldn't finance you and the dealer had to take car back?
GOOD question. Read the contract. Were you in default of it?? Why didnt you TAKE the car back? Why did they have to come get it?
Can you get in trouble hidding the car from repo?
yes you can. thats why the bank usually hires people to come out and take your car back.
Which O2 sensor is Bank 1 sensor 2 on a 97 Toyota land cruiser?
Bank 1 is the bank that sits closest to the front of the vehicle. Bank one is the bank with cylinder # 1. You have 4 oxygen sensors, (bank 1 sensor 1, bank 1 sensor 2, bank 2 sensor 1 and bank 2 sensor2). Follow the exhaust from the head of bank 1. The first sensor you come to is sensor 1, the second is sensor 2.
If you have filed a leased vehicle in a bankruptcy but they have never came to take the car back can you continue to drive it and eventually get a title for the vehicle in the state of Washington?
If the vehicle was listed in the BK and no relief of stay was filed for that vehicle, they won't come get it. They can't. Can you get a title? Yes. After the loan is paid off.
