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NO but why would they repo if you are making payments.

You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.

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โˆ™ 2012-09-09 15:08:20
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Q: If the bank repossess your car do you still have to pay your car payments?
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Related Questions

When can a bank repossess someone's car?

When the owner defaults on the loan payments


Can a bank take a car that some else as a lien on?

Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.


If a person dies can you give car back to bank?

If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.


What will happen to you if your car is 6 months behind in payments and you still have possession of the car?

The lender will eventually repossess the car.


Can a bank still repossess your car if they said they would cancel it and you have made payment arrangements to get current?

If you continue to make payments as agreed, on time, you should be safe from repossession.


Your father died and had just bought a new vehicle what happens with this vehicle will the bank take it out of his estate?

The bank can repossess the car if payments are not made.


Can a bank report a car stolen if in default of payment?

YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.


Can a bank repossess a car if they continue to take payments?

YESIFyou are not up to date, if you are behind on your payments they can repossess at anytime. In most loans, there's a statement about late and/or partial payments that basically says the bank can take them but isn't obligated to do so and that taking one late or partial payment does not mean that they have to continue to do so.So, if you owe $200 a month, and pay $100, the bank can accept that and still repossess the car. They do have to credit the $100 towards the loan.Also, banks are usually allowed to repossess for habitually late payments. Most of the time a bank will consider this to be more hassle than it's worth as long as you're eventually catching up, but if you're chronically making payments several weeks late, they might at some point decide "this guy is a flake, we should get out of this deal while we still stand some chance of recovering our money."


Can they still repossess your car if you get caught up on the payments?

Depending on the state of residence, it is possible for a lender to still repossess your car if you get caught up on the payments. Certain states allow a lender to request full payment of an auto loan when borrowers fall behind, even if they have caught up on past due payments.


How do you use repossess in a sentence?

Hey Hun, if you do not make the payments they will come to repossess your car.


How long can you go without car payments before they repossess it?

Three payments


Can a collection agency repossess a car that a bank owns but you are making payments on to the bank?

carolene, normally, banks dont turn accts ovet to CA unless the payments are NOT being made. Have you bothered to call the bank and inquire as to why this is happening?


Can your car be repo'd by the dealer if you still owe on the downpayment even if your payments are on time to the bank my payoff on my trade was more then what i knew now they are charging me?

If the car is financed through a bank, the bank is the only agency with authority to repossess the vehicle. The dealer, once paid by the bank, no longer has any claim to the vehicle.


What if you wreck a car without insurance and owe the bank payments?

Then you still owe the bank.


When can a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


Can you repossess a car you were selling to a friend but they are refusing to make payments for it except for one when you still have the title?

I wouldn't see why not if there not living up to there end of the deal and its still in your name then its still your car.


When can a bank repossess someone car?

when he has a credit


Can the bank repossess your car after the loan matures and you still owe?

If you still owe on the car (whether matured or not), the bank can take it if you don't pay. It belongs to them until the loan is paid and the title is sent to you.


Can you repossess a car that is under your name from a friend who is always late on the payments?

Yes, it is your car.


Would your car dealer have you locked up for not making payments?

No, they'd repossess your car.


If you have two car loans at one bank can the bank repossess both even?

Yes they can repossess everything that you got a loan for.


In Georgia How many payments do you have to be behind before they can repossess your car?

oiuo


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


If your car was going to get repossessed but you caught up on your payments can they still repossess your car even though it is all caught up?

Once you are out of compliance with the loan, the bank is entitled to call in the note. If you do not pay the note once it is called in, the bank can repo the vehicle. It should all be described in the terms of the loan.


You have paid your car payments but have late fees can they repossess the car?

Yes, late fees indicate that payments were not made on time, which renders the original agreement invalid and allows the lender to repossess the vehicle if they so choose.