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If your car is repoed do you have to still pay on it for any reason?
Wiki User
∙ 14y ago
Yes. You signed a contract for a loan amount. That is the principle. The car only secured the loan. The loan is the only real value to the lender. They do not want the car. They only take the car to resell it to apply that payment to the loan. Any outstanding balance plus accured fees are yours to pay.
Wiki User
∙ 14y ago
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Your car is not on record as having been repoed?
there is no reason for it to be on record, if you are a buyer
Car was charged off and repoed will you still have to pay the loan?
Yes.
Can a car get repoed for no reason?
only if ou dont pay your payment or your financing falls through
If a car is repoed can they repo your new car?
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
Can you sell your car before it gets repoed?
Even if you could you would still owe the bank the money they paid for the car.
If your car was repoed and the car lot sold it but it is still registered in your name what should you do?
It will not be registered in your name. They sold it and will register it in the new owners name.
Can your car be repoed on private property in the state of Texas?
repossessing a vehicle is NOT tresspassing in any state. It is a LAWFUL reason to be on the property. READ your contract again, you likely gave the lender permission to do so.
Can you get your wheels back if car was repoed?
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
What happens when a car is going to be reposessed but it is moved to another state?
it's still repoed it just takes a little longer
My car was repoed can i file bankrupt and get it back?
NO.
What if you are getting your car repoed but you dont have the car?
Then tell the Repossession agents where it is and who has it.
What will happen to you if the repo man comes to get your car while you're traveling out of state?
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
