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IF the lender wont get it fixed asap. call a local attorney.

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โˆ™ 2015-07-15 19:24:56
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Q: If you paid the remaining balance and recovered your vehicle but the repo man busted the steering column can you get the lender to cover the repair?
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Related Questions

What steering method is recommended to maintain vehicle balance?

hand over hand

What steering technique is best suited for maintaining vehicle balance?

Hand to hand

What if the company that repoed your vehicle sells it for less than you owe?

They will look to you for the remaining balance

Why does the steering shake on my 2003 Ford Focus zx3?

Most shaking in the steering wheel on ANY vehicle is caused by balance problems. The tire can be out of balance, the wheel can be bent or the axle (half-shaft) can be damaged and out of balance.

How does the remaining balance in a vehicle repossession case get solved?

Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.

What happens when you can't pay the remaining balance of a voluntary return?

The lender will sell the vehicle and you are responsible for the deficency. They will sue you for the balance left on the loan after the sale of the vehicle. The court will order you to pay and they can garnishee your wages.

What are you liable for when your car gets repossessed?

Once the vehicle is auctioned off and sold there is usually a remaining balance left to pay. You will start receiving collection notices about the remaining balance. This is when you will want to prepare yourself to negotiate a settlement.

Where do you stand if repossessed truck is sold for less then the loan?

You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.

What are The symptoms of a wheel that is out of balance?

A shake in the steering wheel or car itself which occurs and/or increases as vehicle speed increases.

What happens to a vehicle when a balance of 447.00 is left owed on it and it is being sent to recovery service for collections will they work with you on the remaining balance?

In the world of bad debt, everything is negotiable.

If a car is repossed you do you still pay the reminder of balance?

When a vehicle is repossessed, it is usually put up for auction. If the monies recovered from the auction is not enough to cover the outstanding balance on the loan, the person the vehicle was repossessed from is expected to pay the difference. It's a bummer, but that's how it goes.

Does gap insurance cover a repossession?

Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.

You co-sign for a vehicle are you liable to pay the remaining balance of that vehicle if it was auction by the lien holder?

You are jointly liable with your other co-signer. The finace company can, and will, come after both of you.

How can you tell whether the front wheels are out of balance?

Most of the time if the steering wheel shakes, the balance issue is in the front. if you feel it shake in the seat, that usually means the rear. However in the instance that the tires are far out of balance no matter where. it can shake the whole vehicle. but the steering wheel and seat rule is a good place to start.

What is a code 2 vehicle?

I believe a code 2 vehicle is a vehicle that has been stolen and recovered or a used vehicle.

If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?

Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.

If you surrendered a vehicle in chapter 7 and it was not recovered by the lending agent and was later totaled who gets the insurance money?

The lender, and the borrower is responsible for any remaining discrepancy amount and the applicable fees.

Is a creditor allowed to continue calling debtor after a vehicle has been repossessed but not sold?

Yes. Even after the vehicle is sold, you'll still owe them the remaining balance of what you borrowed, and they'll continue to call.

Why does your steering jerk from side to side?

It depends on the type of vehicle and the steering system that it has. If the vehicle has rack and pinion steering, it may be a bad rack and pinion. If the vehicle has a steering gear, like most older cars of pickup trucks, It could have a bad steering gear.

Do have have to pay a title loan back even if they re-posses the vehicle?

They will try to collect the balance remaining after the sale if any difference left over.

What happens to a vehicle if the financial company says they don't want it and they sue the owner for remaining balance after repossession and sale?

If the finance company has sold it, you have you answer. How can you be so stupid?

What is the statute of limitations for remaining balance on a reposessed vehicle?

That would be a civil debt collection action. it will vary from state to state and could be as long as ten years..

Can a finance company continue to charge interest on the loan after a vehicle has been voluntarily surrendered?

Yes. The interest is charged on the money owed to them. When you surrender a vehicle, they sell it, and it often goes to a wholesale auction, which means they're going to get less than the remaining balance. You're still liable for that remaining balance, under the same terms and conditions as what was agreed to when the loan was made.

Shaky steering wheel on the left side of the vehicle after front balance completion?

bad balancing, improper lug nut torque, that's if it wasnt there before

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.