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The vehicle will be sold. That amount will be applied to your balance. You will be responsible for the remainder owed along with any fees associated with the legal aspects etc

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โˆ™ 2011-09-12 23:07:55
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Q: In Florida when a car is repossessed do you still have to pay for it?
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Related questions

Can a car be repossessed from a car dealership?

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed


If car is repossessed does the owner have to still pay original cost of car?

In most cases YES


What can happen if you don't pay a title loan and you still have the car?

The vehicle can be repossessed.


If thay repossesse your car do you have to pay it off?

Most of the time when a car get repossessed you will still have to still pay monthly payments. In some cases you will not have to continuing paying.


Do you have to pay the difference on a repossession car loan?

Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.


What can you do if a 'buy here pay here' reports your car as repossessed but you still have it?

Offer to buy it.


I was two months behind but still pay a payment every month. can the car still get repossessed?

If they are accepting your payments, they probably won't take your car.


How can you locate your repossessed car?

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.


If you allow a car you cosigned for to be repossessed then pay off the balance after it is auctioned will it still affect your credit?

IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.


Do you have to pay the whole vehicle off if it is repossessed?

Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.


How do you get a title for a car that has been charged off for non payment?

Pay it off. It will still likely be repossessed.


Are you still responsible to pay off the remainder of your car balance once it is repossessed?

YES. Read your contract.


Do you still have to pay off the loan once your car is repossessed?

In almost all cases, YES. At the very least you will pay the difference in what the car sells for and the balance on the note.


Do you still have to pay part of the loan depending on the value of the car if it is repossessed in California?

YES, you pay all the loan amount, sooner or later.


If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?

Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost


How can you get your car repossessed?

dont pay the payments ever


Your car was repossessed how can you get your car back?

If your was repossed you need to call the car company and pay your car


Is it better to turn your car in that to have it repossessed?

It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.


What happen if you can not pay your car loan?

When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.


Once your car has been repossessed in Florida can they freeze or take monies from your banking accounts to pay deff judgment?

i have nofing clue


My Car was repossessed what do I owe the bank?

They will auction the car and you will have to pay the difference of what you owe and what the car sold for.


If your car was repossessed and the balance is still 9760.61 but over the length of the loan of 72 months you were to pay 10967.78 in interest do you still have to pay if it is all interest?

Yes. Some is likely repo fees.


Do you have to pay off a repossessed car?

Most of the time you do, YES.


My car was not repossessed but the account was charged off what can happen?

Will be repossessed, be patient. You either pay off, or pay off. No longer able to make payments. They will repossess the car and sue for the difference. Sorry.


After a car is repossessed what happens to the owner of the car does he have to pay it off or what happens?

The former owner of the car, now still owner of the DEBT, gets to pay the debt. The leinholder will likely get a judgment for the balance due and proceed to collect. Uless your name is 'turnip", you will pay.