Wiki User
∙ 16y agoThe 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.
Wiki User
∙ 9y agoYou should immediately, if not sooner, make plans to move to a more cost effective place.
Randy, IF it sells for more than the unpaid balance, you should receive the excess.
your auto loan gets paid off and whatever is left over goes to the bank
it gets more sleepy and gets more gray hair and less em mused
Nothing bad will happen. the more it gets the better.
When the material gets closer to the core it gets hotter and more dense.
it gets more hot and burny
Its clocks run faster.It gets hit with more cosmic and solar radiation.It gets hotter and colder more easily.It gets lonely and scared in the dark.
The dollar is worth more.
YOU are responsible for the car to the loan is payed off. The more it sells far after repo, the less you will have to pay later. get the car back, clean it up, and give it to the lender. WHY??? Folks who drive cars that don't cost them anything usually don't take care of them and the car isn't worth much when it gets to the auction. Basically you are GIVING them money that YOU will have to pay back. Its NOT good.
The debtor GETS the surplus, the debtor PAYS the shortfall owed.
yes