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YES, usually you pay MORE down payment and/or higher interest rates.

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โˆ™ 2015-07-15 19:49:08
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Q: If you have a car voluntarily repossessed can you get another car?
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Related Questions

If you LEASE a car and have it voluntarily repossessed will you still owe money on it?

Yes


How bad does it affect the cosigner's credit if the borrower has the car voluntarily repossessed?

It has the same effect on the credit.


Can a car be repossessed when another car is parked behind it?

Yes, a car can be repossessed even if another car is in front of it. The person in charge of repossession the vehicle can call the police to help them get the car.


How do you voluntarily let your car be repossessed?

You need to give the car to the lender - if they are too far away then you need to call them and tell them where it is and ask them how they want to get it.


Can you buy another car even though is repossessed?

If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.


In Texas can a car be repossessed if it is blocked by another vehicle?

no!


What happens if you get your car repossessed?

if i get my car repossessed, can they put a llien on the house?


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.


How can you locate your repossessed car?

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.


If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?

Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost


What happens if a car was to be repossessed and it didn't happen?

You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.


Can your car be repossessed due to no registration?

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.


You had a car repossessed you have now just finished paying for another car but the bank is refusing to give you the car title till you pay the old repossessed car can they do this?

There may be more to it. Call the banks legal department and ask them for cause.


Can your car be repossessed if you lose your job?

No, but your car can be repossessed if you don't make the payments.


Can you charge a repossession fee for a vehicle that was voluntarily turned in?

mine was charged, i left the junker at the car dealership and when i finally got sick of paying for a car i hadn't touched for months, they repossessed something they had possession of.


What do I do with a car that was voluntarily repossessed and the finance company won't come and get it?

While most creditors will allow you to have your vehicle voluntarily repossessed, some lenders will not accept them. Your best resolution in this case is to contact the finance company and determine why they will not collect the vehicle. Ensure that they are indeed accepting the voluntary repossession. You will still be required to pay the remaining balance unless you are told otherwise.


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.


Are you responsible for the balance of a loan after the collateral is voluntarily repossessed and auctioned?

YES, read your contract.


What happens in Texas if you voluntarily have your car repossessed and money is still owed after the car has been sold at an auction?

Chris, I dont know the answer to the question YET. I will find out today. Email me latyer on and Ill have it for you. What does the lender "say" they will do???


Can a car be repossessed from a car dealership?

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed


Can a car be repossessed with a person in the car?

No.


Would you be able to go through a debt consolidator to pay off what you owe on a voluntarily repossessed car?

IF the Lender agrees to it, yes. IF it gets the lender money, they will likely agree.


Can the difference in money owed and value be claimed from you after having a car voluntarily repossessed?

In MOST cases, YES. PS. Its not the "value claimed", its the diiference between what you owe and what the lender sells it for.


How much time in the state of Kansas do you have once you receive notice that your car will be repossessed before the car is actually repossessed?

One Kansas attorney says 20 days and another says 10 days.


Can a car be repossessed at another location?

I assume you mean other than your home address. But the answer is yes, it can be repossessed anywhere, provided they are not breaking and entering, such as a locked garage....