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YES, if NC didnt allow that, you couldn't buy a car in NC. No lender wants to give away money if they don't have to.

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โˆ™ 2011-09-13 03:16:41
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Q: Is it true that when your car is repossessed you have to pay the difference in what they sell it for and what you owe on it in North Carolina?
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Related Questions

Where can you got to sell antique kroehler furniture in North Carolina?

Where can I sell antique furniture in North Carolina

Can you still owe money after your car is repossessed because of the recall?

If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.

What products you can sell in North Carolina?


Do you have to pay for a car if it is repossessed?

The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.

Are apple snails illegal in North Carolina?

It is illegal for pet stores to sell Apple Snails in North Carolina.

What stores in North Carolina sell Carhartt?

How old do you have to be to sell beer in North Carolina?


Do i need a vendors license to sell Christmas wreaths in North Carolina?

Some parts of North Carolina does require you have a vendors license. It all depends on where and how much you are going to sell.

Do i need a vendors license to sell Christmas wreaths in North Carolina-?

In some parts of North Carolina you will have to have a vendors licenses to sell Christmas wreathes. It all depends on how much you have to sell and where you are planning on setting up at.

Why did the colonists decide to live in North Carolina?

they sell things

What grocery stores in North Carolina sell wink?

1 Lowes Food Store in Hickory North Carolina on Sandy Ridge Road. 1 Lowes Food Store in Bethlehem North Carolina on Hwy 127, just North of Hickory North Carolina.

If a car is repossessed and they sell the car how much can you owe?

The difference between the sale price & loan balance is what they will bill you for.

How old do you have to be to sell cigarettes in North Carolina?

18 years old.

What did the people in North Carolina sell in the 1600s to 1700s?

Tabaco crop,

Do you have to be a certain age to sell knives in North Carolina?

Yes, you have to be at least 16 by law. Stated by Law VIXIIII. BY the North Carolina State Legislature

If YOUR car is repossessed what can the lender do?

In most states, the lender will sell the car. If they sell it for more than you owed, they keep the extra money. If they sell it for less than you owed, they send you a bill for the difference.

When a car is voluntarily repossessed legally do they have to wait 21 business days to sell it at auction or just 21 days?

Dunno. What state are you in? That could make a big difference. UCC only says they have to do it in a "commercially reasonable manner". I'm in South Carolina

How much can you sell a North Carolina Michael Jordan rookie card for?


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.

How did North Carolina people make a living?

they would sell crops to other settlers.

Can you bake at home and sell the baked goods to a restaurant in North Carolina?

Yes, it is possible to do this.

What states sell the most fishing licenses in a year?

Texas, North Carolina, South Carolina, Florida, Louisiana, Ohio, Pennsylvania.

What are the jobs of North Carolina colony in 1700?

North Carolina was an important English colony as a source of pitch (tar for water-proofing ships), cotton, tobacco, and its many ports. North Carolina had plantations, so was also a place for slave traders to sell at.

If you had a car repossessed and you owed very little if they sell it and get more than what you owed who gets the difference?

YOU DO, if there's anything left after the sale. Remember, if they sell at auction, it will be wholesale and NOT as much as you would pay for it.

Can you bake and sell cookies in Charlotte NC?

Yes you can bake cakes in North Carolina and sell cookies. There are lot of bakeries in NC