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If you owe the bank money for a car that was totaled in 1997 the bank appears to have abandon it could you fix it and sell it?


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2007-08-16 20:36:17
2007-08-16 20:36:17

Technically, you would need to get title to it before you could sell it. If the bank will grant you "salvage" title, perhaps for a cut of the profits (or a dollar), you can fix it, sell it, and split the proceeds with the bank.


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It would be very rare for you to find this much money. You could find it in a abandon mansion.

You can, but totaled means "not worth repairing". You will spend more money repairing a totaled car than you would buying a new one.

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Once a car is totaled it is gone. Usually the insurance company takes the car for them to sell and get some extra money and if it is claimed as a totaled vehicle I would not recommend driving it on the street where you can hurt yourself or someone else.

A vehicle that has been totaled can be sold for scrap and parts through junk yards or scrap metal yards. Also there are several businesses that will pay a small amount of money to take the scrap from a totaled car.

The insurance company will pay the finance company not you.

Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.

If you had not wrecked the car the answer would be yes. But you totaled the car so that makes it more complicated. If the mechanical problem caused the wreck you may have a case. If you are just trying to get your money back because you totaled the car then you have no morals and character. On the other hand if the mechanical problem caused the wreck then seek the advice of a lawyer.

Tell me how much? I'll think about it xD

That's about it. The car is totaled. The money is still owed. If there was a loan, you'd better have insurance and if you are lucky, the insurance will cover MOST of what you still owe.AnswerYour insurance co. is obligated by law to satisfy any payment up to the policy's limits. If there are money owed after that, you can sue the other driver for the money owed or be sued, whatever applies.

There isn't a set rate on this. The insurance company will first examine to see if the accident in which your vehicle was totaled was done in a manner which voided your policy. Then, the analysis will be made based on the vehicle's value, and the extent of your policy.

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If a car is totaled in an accident and only liability insurance is present, there is a chance that the other party's insurance will pay for the vehicle if the accident was their fault. If a car is totaled, but no others were involved, then the responsibility falls on the registered owner. This will not release the registered owner from paying for the vehicle, either, if money is still owed on the car.

You can accept the claim and then buy back the car. This way you get money for the claim and you get to keep your car. The price for the car will be way lower at the totaled price than what you will receive in the claim.

In the King James versionthe word - money - appears 140 timesthe word - moneychangers - appears twice

Yes, they will help, but they won't buy you a new car. Once your car is deemed totaled, the insurance company will usually pay you the value of the car before the accident minus your deductible. You can either buy back the totaled car and repair it or use the money towards a new car.

its valued by however much money you can make off the scrap parts that are still okay with the vehicle.

The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.

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