0
If you had a car repossessed and you owed very little if they sell it and get more than what you owed who gets the difference?
Wiki User
∙ 8y ago
YOU DO, if there's anything left after the sale. Remember, if they sell at auction, it will be wholesale and NOT as much as you would pay for it.
Wiki User
∙ 8y ago
Add your answer:
Earn +20 pts
When a vehicle has been repossessed and then resold for more than what was owed does the previous owner receive the difference or does the car dealer?
The debtor GETS the surplus, the debtor PAYS the shortfall owed.
What happens when your house gets repossessed in California?
You should immediately, if not sooner, make plans to move to a more cost effective place.
What is the difference between a wholesaler and a retailer?
A wholesaler is a product distributor straight from the factory. A retailer usually gets their products from a wholesaler but it costs you a little more money.
What if the bank sells your repossessed car for more than you owe?
your auto loan gets paid off and whatever is left over goes to the bank
If you already have 1 car repossessed does having a 2nd repossessed hurt your credit even more?
yes
What is the difference between growth and development?
in growth the organism gets larger, in development the organism gets more complex
If you owe more than the car is worth what happens if it gets repossessed?
The car goes to auction, then you owe the remaining balance of you loan + repossession and storage fees minus what the car was sold for at auction.
What are the laws of repossessed cars in Canada?
Cars repossessed laws in Canada a vary by provine.Whether your car will be repossessed depends on such factors as the province you live in and how for behind you are with your payments.Vehicle repossessed is negative impact on your credit rating. If you want more information email me at natalsiapatterson34@gmail.com
What is the difference between 2 valve and 4 valve heads?
more fuel gets in to cylinders for more power
What happens if you car is repossessed and you don't work or have any property?
If you don't work, you have no money. If you have no money, you can't get your car back. It will be sold at auction and you will be responsible for paying the difference of what it sells for and what you owe. If it sells for MORE than what you owe, you should get a check for the difference.
What is the main difference between the ways food gets cooked in conventional and microwave ovens?
Difference is more intrepid than it is main, imo
What is the difference between a foreclosure and a repossession?
They are virtually the same since you don't own that thing any more and they both badly affect your credit. The major difference is that with repossession your "thing/s" are taken away or repossessed by the original owner. With a house in foreclosure you have to leave/move away.
