Auto Loans and Financing

If your car was repossessed are you obligated to pay the remaining balance after it was sold for less than half of what you owed?


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2015-07-15 19:49:02
2015-07-15 19:49:02

YES, read the contract you signed. How much you owe is partly due to how little you paid down and how much older the car is now.


Related Questions

The lender will come after you for the remaining balance after the car is auctioned.You can either declare banckruptcy or work out a payment plan...or thelender can seek a judgment to garnish your wages.

After one half-life, one half (1/2) is remaining. So, after two half-lives, one fourth (1/4) of the material should remain.

It depends on why the other half are disappearing!

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Of course. The whole idea of "security" in your pledge of the car in exchange for the loan is that it is easier to repossess it than to sue you for non-payment, and that applies up until the very last payment is made.

Twenty and a half 8 x 20 = 160 4 remaining is half of 8

Fraction remaining = 0.5^n where n = # of half lives that have elapsed60 yrs x 1 half life/12 yrs = 5 half lives have elapsed Fraction remaining = 0.5^5 = 0.03125 mass remaining = 0.03125 x 80.0 g = 2.5 g remaining

Yes. An attorney can set his or her own fees just as the client can choose whom they want to represent them.

Half life has unit. That is unit of time. So it has to be mentioned. Let us assume that half life is 1 year. Okay. Now to know about the mass remaining we have to get the ratio (1/2)^1620. Hence remaining will be 1/(2^1620) * mass at the beginning

[Debit] Office Equipment 3000 [Credit] Cash 1500 [Credit] Accounts payable 1500 When remaining amount paid after 30 days [Debit] Accounts Payable 1500 [Credit] Cash 1500

yea but hes n a half house 4 his remaining time

The bank the ATV was financed through will sell the ATV at auction. Normally auctions will bring in half of what the item is worth. Whatever money was made at the auction will be paid toward the loan on the ATV. The debtor will be responsible for paying the remaining balance on the loan. If the debtor cannot pay the remainder of the loan, then the bank can file a legal judgment to garnish the debtor's wages. There's no getting out of it unless the debtor files bankruptcy.

Half life period of the sample=1620 yrs total time=3240yrs no of half lives =3240/1620=2 after first halflife remaining sample=5gm after secnd halflife remaining sample=2.5 gms

3 At the end of the first half life, there will theoretically be 50% remaining. 2 half lives: 25% 3 half lives:12.5 %

In the UK if you have to pay a bill for something you ordered, you might sometimes pay part of the cost immediately, and the rest later after delivery. The "rest later" is called the "balance of your bill". It does not have to half of your bill. But if you had paid half up front, then it would be.

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1 day is 3/4th the remaining nucli

A person stole some fruits from the garden on the way back he met with 3 gardeners to the first gardener he gave half of the fruits stolen plus half a fruit more to the 2nd gardener he gave half of the remaining fruits plus half of a fruit more and to the 3rd gardener he have half of the remaining fruits plus half of a fruit more. And at the end he was left with no fruits . How many fruits did he stole and how many fruits did he give to each of the gardeners?

This depends on the number of tablets, you have taken. Suppose you have taken ten tablets of Valium. Then after half life of the drug you will have five tablets remaining in his body. (Half life of Valium is about day and half.) After next day and half, you have two and half drug remaining in the body of the patient. This is true for the next half life. During all this period, you can awake the patient, feed him, take him to the toilet. He will recover eventually. (Then the patient need to be taken to psychiatrist for counselling.)

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Is your mother still alive? Find out if your father made a will. Are you an only child? If not, he made have left his half to another child. Get a lawyer.

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