Repossession
Loans
Co-signing

If you let your car go back do you still have to pat remainder of of balance?

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2005-09-17 13:11:46
2005-09-17 13:11:46

Yes

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Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.

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You can trade your car in, however the loan balance must still be satisfied.

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The vehicle will be sold. That amount will be applied to your balance. You will be responsible for the remainder owed along with any fees associated with the legal aspects etc

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You owe the difference in what the car sells for and the balance on the note.

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overall balance of the car

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IT DEPENDS ON THE BALANCE OWING ON THE CAR,THE RULES OF YOUR CONTRACT AND THE CONDITION OF THE CAR RETURNED. MOST FINANCIAL INSTITUTIONS WILL AUCTION THE VECHILE AND PLACE ANY MONIES RECEIVED FROM THE SALE TOWARDS THE BALANCE OWING. IF THER IS STILL AN AMOUNT OWING, YOU ARE STILL LIABLE TO PAY THAT AMOUNT.

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Anytime there is a balance due, you can pay off that balance.

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More than likely, however you will still end up owing a balance on the car and the primary signer and co signer will still be responsible for the balance.

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Read your contract. In 99% of the repos , YES, you still owe the balance due.

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I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.T

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You still owe the finance company the balance owed.

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You still owe the balance after the insurance money is paid, if there is a balance. You can only get rid of it, along with your other unsecured debts, by filing bankruptcy.

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You are still legally obligated to pay the balance of the car note regardless.

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I'm not sure if this is valid in every state, but I believe that if the car is sold at an auction, you will still be liable for the left over balance. If the car is sold at an auction and the sell price covers the balance of the loan then, I don't think you will need to pay anything else. Maybe some fees for the repo. I "think" this is how it works

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Im pretty sure even if you did voluntarily hand it back you'd still have to pay the remaining balance. They won't just tanke back a car and call it good.

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No. The balance is an unsecured debt and is discharged. Sometimes people do not do the paperwork correctly, which can cause problems.

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yes you can but ou will still have to pay the outstanding balance so you might as well keep the car and pa for it

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Then you're still responsible for the car payments. If insurance doesn't cover the entire cost, then you have to make up for the remainder.

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Contact your lender to obtain the outstanding balance.

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Yes, of course. Read your contract. A BHPH lot offers alternative financing to people who can't get financing otherwise. The terms are the same as any standard financing agreement. Bringing a car back, whether voluntarily or involuntraily is still a REPO. So, the dealer has the option to sell your repo at whatever price he accepts and sue you for the balance. This isn't Wal-Mart!

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It will look MUCH better IF you can get the lender to put the"ZERO BALANCE" part IN WRITING before you give up the car.

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Yes, You still owe the balance of any note owed to your Finance Company.

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Your credit is shot to hell, you have no car, and you probably have to pay the remaining balance of whatever you owe minus the value of the car they took back.


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