Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
who the hell noes that?
usually called FRAUD
You still owe the finance company the balance owed.
You will still owe the finance company the balance of your finance note. Hopefully you have full coverage insurance. If you do have full coverage, the Comprehensive portion of your policy will generally pay off the finance company up to the insured limits (usually the remaining market value) of your insured auto.
It belongs to the insurance company
As long as you haven't signed the contract, you will just have to find other financing.
If the finance company has sold it, you have you answer. How can you be so stupid?
The finance company will want to be paid in full if they find out it's stolen. The responsibility to satisfy the loan falls on you seeing that you failed to maintain insurance.
its getting charged!!
Auto dealers would normally offer you a Guaranteed Asset Protection plan attached to your amount of the auto. This GAP is technically insurance of your asset, the car for payment of the remaining amount owed the finance company after the regular insurance pays their amount.
Then you're screwed. The tow company put a mechanic's lien on your car, then they auctioned it off to recoup their costs. You're still liable for the payments you owe to the finance company.
They become positively charged.
If he is stealing from the company of which he is a director, he can be charged with EMBEZZLEMENT. Depdning upon the circumstances, there may well be other offenses that could also be levied against him.
Nothing , except if you try that, you may be charged with fraud if that's not true.
It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.
You have to pay the new company. It's still a debt and as such the debt was sold as an asset of the old company. It would be NICE if you didn't have to pay it, but you do. Yea, wouldn't it be nice if we didn't have to pay after the local finance company sold my note to GMAC?
you still need to pay companies or firms that takes over control from the previous company
Electrons are always charged. Please be more specific?
All electrons are charged with a negative charge, -1.
they will get attached\
Becomes positively charged.