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โˆ™ 2005-09-17 13:11:46
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Q: If you let your car go back do you still have to pat remainder of of balance?
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Are you still responsible to pay off the remainder of your car balance once it is repossessed?

YES. Read your contract.


Can you sell a car your making payments on?

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.


When you give a car back to the bank will you still be held responsible for the balance of the loan?

Yes.


Can I trade in my car when there is a loan balance?

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


In Florida when a car is repossessed do you still have to pay for it?

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


Once the lender sell you car do you still owe the balance?

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


If you give back a car on credit does this end the agreement?

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.


Why auto have engine at the back?

overall balance of the car


Can you still pay off the balance due on an expired car loan?

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


Can a primary signer of a car loan voluntarly repo a car without the cosigners permission?

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.


If you let the lender keep your car and they resell it are you still responsible for the remaining balance?

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


What happens if you part out a financed car?

You still owe the finance company the balance owed.


What happens when they repo a car and loan is still owed and they put car up for auction Who is responsible for the balance of the car loan?

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


Can you still owe money after your car is repossessed and you are bankrupt?

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.


If you can't pay for your vehicle can you voluntarily turn in your vehicle?

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.


If your car is not in your possession because the car lot took the car back for repairs and will not release it do you still have to pay the car payments?

Yes! The car is still in your name. They can sue or sell it.


I trade my car for another one but im not happy i still have the other car log book can i still have it back?

No.


If you voluntarily turn in your automobile what happens to you in reference to the balance owed on the vehicle?

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


In chapter 7 bankruptcy after surrendering your car are you still responsible for the remaining balance after the bank sells the car?

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


The bank tells me that I owe a car loan but the car was in an accident and demolished?

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.


If the creditor tells you that you would have a zero balance if you give the car back how will this look on your credit when purchasing another car?

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.


Voluntarily had a car re-poed and am paying the balance can the main buyer be taken to court to pay back the payment?

no, if you were the current owner of the car or the one making payments it is your responsibility to pay the balance


Can you cancel a car finance?

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


If you take a car back to a buy here pay here do you still have to pay the balance?

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!


Can a company make you pay the balance on a car if insurance do not cover it all?

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