Debt and Bankruptcy

If you get a vehicle repossessed in Texas what happens to the trade in?


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2015-07-15 19:21:49
2015-07-15 19:21:49

I could be wrong here, but my feeling is that it is GONE. Why, it was part of the total deal just as if you had payed that much CASH down. It will be used up in the balance owed. You cant sign a contract, drive for a while and then say "I changed my mind, lets put everything back like it was." The deal is a deal is a deal. Good Luck


Related Questions

No, you no longer have anything to trade (the car is now the property of the repo company not you).

If you cannot produce a "clean title", you cannot sell or trade the vehicle.

Can you trade a vehicle if your only source of income is unemployment?

Yes it does, I just traded my vehicle for another vehicle even trade and didn't have to pay taxes on it in Florida.

The term 'Tool of Trade' in regards to commercial vehicle insurance means the vehicle is needed to ply the trade (transportation of equipment, etc.)

If the repo-man is looking for your vehicle, you do not own the vehicle yet. If you take the vehicle in for trade-in, they will have to contact the person who owns the vehicle to get permission to trade it (meaning whoever loaned you the money). Whoever they call is bound to mention that they are in the process of repossessing your vehicle. In alot of cases you need ownership of the vehicle and only a title can prove that to trade in a car.

In most states, you can trade in the vehicle without it being registered. However, you do need a TITLE to prove that you own the vehicle.

you get to be that person that you trade with

PS my car was not repossessed... i just want all my stuff back and when i say everything i mean everything!! from the floormats to my clothing

Nothing happens you just trade him and he leaves and you go on with your Pokemon journey

It was designed to increase trade and promote business between Texas

Late payments will be deducted from trade-in value

The Laredo World Trade Bridge is in Texas, United States.

If you are driving when this happens, try to locate the loose connection around the rear of head lamp. If it happens when you arn't in the vehicle when it blinks. Run don't walk to the nearest dealer for a trade in.

A dealer may be willing to accept it at a reduced Trade-in value

An upside-down vehicle is one that has a payoff that exceeds its trade-in value.If you are upside down and want to trade in your old car for a new one, your negative equity doesn’t magically disappear-it follows you to your next vehicle.

The Confederacy was able to conduct foreign trade through Mexico by way of Texas

Nothing happens-becuase you can't. No kid has the power to trade your soul.

Yes, you sure can! Just always watch out for what type of used vehicle that you buy, and always check the Carfax of the vehicle before buying.

they usually just sell or trade it in before 'they have to do any major repairs on it

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