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If you get a vehicle repossessed in Texas what happens to the trade in?
Wiki User
∙ 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
Wiki User
∙ 2015-07-15 19:21:49
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Can you trade in a vehicle that is about to be repossessed?
Technically (and leagally) yes.
If my car has been repossessed can I still trade it in for a different vehicle?
No, you no longer have anything to trade (the car is now the property of the repo company not you).
Will a dealer allow you to use a car that should have been repossessed but was never picked up as a trade-in?
If you cannot produce a "clean title", you cannot sell or trade the vehicle.
If you're getting divorced and can't afford the car payment anymore but still owe a lot on it so can't trade it do you just let it get repossessed?
thats what happens 99% ofthe time.
Can you trade a vehicle with if you don't have a job?
Can you trade a vehicle if your only source of income is unemployment?
Does even trade on a vehicle exist?
Yes it does, I just traded my vehicle for another vehicle even trade and didn't have to pay taxes on it in Florida.
What does the term tool of trade in commercial vehicle policy mean?
The term 'Tool of Trade' in regards to commercial vehicle insurance means the vehicle is needed to ply the trade (transportation of equipment, etc.)
Can you trade in car before repo?
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.
Can you trade in a vehicle in California without the registration?
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.
What happens when you bring your car into a dealership for body work and they happen to accidentally throw out ALL of your personal belongings thinking it was a trade-in?
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
What countries does Texas global trade and what is the name of the thing Texas trades with the country?
Texas trades with china
What happens when you trade on Movie Star Planet?
you get to be that person that you trade with
