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YES um no ! Technically yes, but there will always be fees attached that run up the price, such as fees for the guy who picked up the car, salesman fees, transfer fees, legal fees... don't worry, they won't let you get any of that money back.

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โˆ™ 2006-03-08 23:50:17
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Q: If your car is repossessed and is sold for more than you owe are you due a refund?
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Why would you get a refund for overpayment on a repossessed car?

When a vehicle is repossessed, it will eventually be sold at auction. Occassionally, the amount received from the sale is greater than the balance owed. On these occassions, the excess is sent to the debtor.

What happens if your repossessed car is sold for more than you owed?

Randy, IF it sells for more than the unpaid balance, you should receive the excess.

What happens if your repossession house is sold for more than you owe?

If your house is repossessed and is sold for more than you owe, you are supposed to get the extra, less the costs of the sale and perhaps also costs that the back incurred.

What happens if your repossessed house is sold for less than what is owed?

You owe the difference I think.

Who owns the car after it is repossessed?

It would go to a car auction and sold on to a new owner and may be sold for a price much less than it is worth

If a car is repossessed and resold for more than was originally paid for it do you still have to pay it off and where can you find out what is owed?

Start by reading your contract. Then CALL the lender who sold it to get the balance due.

Ralph sold more than Norm and Oliver Norm sold more than Oliver but not Paul Therefore?

Paul sold more than Norm and Oliver

If you owe more than the car is worth what happens if it gets repossessed?

The car goes to auction, then you owe the remaining balance of you loan + repossession and storage fees minus what the car was sold for at auction.

How do you get a repossed vehicle back?

If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.

What if a vehicle has been repossessed more than once?

only the last one counts

Who has sold more Beyonce or Rihanna?

Rihanna has sold more than Beyonce.

What rappers sold more records than jay z?

Nobody sold more records than jayz

Who sold more records prince or metallica?

Metallica sold more records than the records sold by Prince.

Do you have to pay on a repossessed car if not sold?

If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.

How much more has eminem sold than Lil Wayne?

Eminem has more than 80 million, while Lil Wayne has sold more than 10 million ;-)

How much ps3 sold more than Xbox 360?

I believe that the Xbox 360 sold more than PS3's.

Who sold more records ABBA or aerosmith?

ABBA has sold more records than Aerosmith.

Who all sold more music albums than eminem?

Michael Jackson has sold 13-14 million more than Eminem.

what sold more than Poor Richardโ€™s Almanack?

The bible

Who was the artist that sold more than 2pac?

Nobody sold more than Pac. Pac was the 1st best seller of all time. So far I don't think no one has sold more that Pac.

Who sold more records frank Sinatra or acdc?

Frank Sinatra has sold more than 150 million records worldwide, whereas AC/DC has sold more than 200 million records.

Who sold more records than Michael Jackson?

The Beatles and Elvis have both sold more records.

Who sold more albums the who or Bruce springsteen?

Bruce Springsteen has sold slightly more albums than the Who

Who sold more records the who or Michael Jackson?

Michael Jackson has sold more records than the group, The Who.

After a car is reposessed and sold for more than you owe on the loan who get the difference?

if your car is repoed,and sold for more than you owe, you get the extra. this is fed. law. if sold for less,you pay the diff.