hand over hand
Hand to hand
They will look to you for the remaining balance
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.
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.
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.
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.
You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.
A shake in the steering wheel or car itself which occurs and/or increases as vehicle speed increases.
In the world of bad debt, everything is negotiable.
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.
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 are jointly liable with your other co-signer. The finace company can, and will, come after both of you.
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.
I believe a code 2 vehicle is a vehicle that has been stolen and recovered or a used vehicle.
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.
The lender, and the borrower is responsible for any remaining discrepancy amount and the applicable fees.
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.
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.
They will try to collect the balance remaining after the sale if any difference left over.
If the finance company has sold it, you have you answer. How can you be so stupid?
That would be a civil debt collection action. it will vary from state to state and could be as long as ten years..
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.
bad balancing, improper lug nut torque, that's if it wasnt there before
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.