No, not unless you deliberately misrepresented the condition of your trade. Otherwise tell them you traded it in "As Is". Of course they could sue you, which is highly unlikely.
Not unless you knew about the problem and lied to them. Otherwise they took the car in on trade, "As Is" and can't hold you responsible.
You can trade the vehicle in - but you would probably not qualify for a loan by yourself with no income.
Can you trade a vehicle if your only source of income is unemployment?
Mechanical advantage
Can i obtain a copy of my trade certificate in Mechanical Fitting
Yes it does, I just traded my vehicle for another vehicle even trade and didn't have to pay taxes on it in Florida.
The term 'Tool of Trade' in regards to commercial vehicle insurance means the vehicle is needed to ply the trade (transportation of equipment, etc.)
If the repo-man is looking for your vehicle, you do not own the vehicle yet. If you take the vehicle in for trade-in, they will have to contact the person who owns the vehicle to get permission to trade it (meaning whoever loaned you the money). Whoever they call is bound to mention that they are in the process of repossessing your vehicle. In alot of cases you need ownership of the vehicle and only a title can prove that to trade in a car.
In most states, you can trade in the vehicle without it being registered. However, you do need a TITLE to prove that you own the vehicle.
Yes, if the trustee approves the transaction, (and of course, can find a lender). Necessary financial matters are generally approved by the court, for example if the petitioner needs the vehicle for transportation to their place of employment.
I just searched and found 194 trade discount questions, many with answers, on this site alone. Try focusing your search to the "Mathematical Finance" category.
Yes