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If you surrender a car that you can no longer use and can't afford do you still owe the difference between its value and the loan amount?
Wiki User
∙ 8y ago
YES, she will owe the remaining balance after it is sold.
Wiki User
∙ 8y ago
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If you cannot afford your vehicle and voluntarily surrender the vehicle what can they do to collect the difference?
According to a friend of mine who is in repossesion: (Short form of discussion) They will file a civil suite for the remainder of the amount for which they are not recompenced thru sale at auction. They will then garnish your wages to collect granted sum.
What is difference between the amount budgeted and the actual amount is called?
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YES
The difference between the amount of money a business takes in and the amount that it spends is the?
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amount of hair
What is the difference between forfeiture and surrender of lease?
Forfeiture of lease occurs when a tenant breaches the terms of the lease, leading to the landlord terminating the lease and repossessing the property. Surrender of lease is when the tenant voluntarily terminates the lease agreement before its expiration date. Surrender is typically done with the agreement of both the landlord and tenant.
How do you measure phase difference between 2 pendulums?
You can measure the phase difference between 2 pendulums by measuring the distance between the two. The amount it comes out to will be the difference.
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What is the difference between face value and cash surrender value of life insurance?
Face value typically refers to the death benefit of the policy (i.e. how much your family would receive if you were to die). Cash surrender value is the amount of money that has accumulated (tax deferred) inside the policy and is the amount of money the owner would receive (before taxes) if s/he were to cancel the policy. Cash surrender value is different from plain old "cash value" or "accumulated value" in that most insurance policies have surrender charges for 10 to 20 years that reduce the total "cash value" or "accumulated value" down to the cash SURRENDER value.
What is the difference between .05mg and .075mg?
.075 is a larger amount
