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If you bought a used car straight out for 7000.00 and you were due to pay the remaining 484.00 for taxes and title in two weeks but lost your job can the car be repossessed?
Wiki User
∙ 11y ago
NO YOU SEEM TO BE SAYING YOU PAID FOR THE CAR> The car Is Now Yours, Regardless If It Is Liscensed Or Not. You Can Get A Title Only For The Vehicle. Exception !!!!!!!!!!!! If The Moneys Paid For The Auto Were Borrowed Then The Institution Holding The Note Can Take The Car/ Call Your County Clerks Office About Title Only. They Can Tell You More About The Taxes. The Car Lot Has No Say So About Taxes On Cars........ This Is Up To Each State. GOOD LUCK
Wiki User
∙ 11y ago
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Is it possible that if someone buys a car and then gets it repossessed while still owing money on it for the people you bought the car from to sue you?
yes, unless they get the balance owed. If not they will sue for the remaining balance between what is owed and what they get from the resale.
Can you sell your car if it is being repossessed?
Depends on the specific laws of where you live. In general, if the car you bought is being repossessed because you cannot pay for it any more, consider selling it to someone who can. You basically sell the car at a really low price, practically just below the amount the you already spent on it. The person who bought the car from you, then would have to continue paying for the remaining balance to the dealer from where you bought the car. This way, you're credit won't go bad.
If your wife bought a car before your marriage and now it is repossessed are you liable?
If it isn't in your name it shouldn't be.
Where can repossessed cars be bought?
Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.
Why does a car get repossessed?
The person who bought the car didn't make payments so the bank takes it back.
You owe money on a repossessed car but the car was refinanced to someone else do you still owe?
I believe you would owe the difference. If you owed 10,000 on the vehicle and it was repossessed and someone else bought it for 8,000 you would owe 2,000.
If your car was repossessed during your separation but it was bought while you were married are you both responsible for the debt?
Whomever signed the contract is responsible for the balance.
Can you take modifications off a car that will be repossessed?
you can take off all the modifications off as long as the car is the same when you bought in running conditions and looks as descent as possibble
Can your car be repossessed if you bought it from a dealership but never received a contract?
I really cant answer that, but in my opinion it would be smart to go back and see if you can get some kkind of proof of ownership
A bakery measured the mass of a whole cake as 0.870kg A customer bought the slice as 0.1151 What is the mass of the remaining cake without the one?
The mass of the remaining cake after the removal of a slice is 45773.
Can a car repossession in Colorado receive a judgment in Illinois you lived in co worked and bought the car in co the car was repossessed in Colorado and you moved to Illinois after that?
You can run but you can't hide.
Can you get a car back after it has been repossessed and sold?
The only way to get it back would be if it were up for sale and you bought it. Once it's legally sold, it becomes the property of the new buyer.
