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Whoever's name is signed on the loan paperwork is the one liable.
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∙ 10y ago
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What will happen if your car down payment bounced and you made a particial payment?
The car will probably be repossessed.
If your car is repossessed and the person who cosigned for you files bankruptcy are you still liable for the repossession?
Yes. If you default on your car loan you will remain liable for the debt.
Can a car be repossessed the day a payment was made?
YES.
What happens when a car is repossessed and you are the cosigner?
You will also be liable for any deficiency balance
In Kentucky how many car payments behind do you have to be before your car is repossessed?
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
Can they repossessed the car if you just owe the last payment?
The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.
Can a military members car be repossed?
Anyone's car can be "repossessed" if they don't make their car payment.....
Can your car still be repossessed if the payment is 30 days late?
Absolutely.
Can you get your car back if its repossessed?
Yes. If the payment is made to the finnance company.
If your wife bought a car before your marriage and now it is repossessed are you liable?
If it isn't in your name it shouldn't be.
Can a car be repossessed if the owner dies before the first payment is due?
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
What happens if a car is repossessed?
Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.
