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My boyfriend bought a new truck but kept his old truck and gave it his sister to keep up payments shes been late on the payment ever since to make matters worst her sons totaled the truck what can he?
Wiki User
∙ 15y ago
If your boyfriend is listed as the registered owner and the loan is in his name then it is his responsibility to deal with the payments, insurance ect. I would hope since it is a financed vehicle that you have full coverage which should help in this situation. Unless he has something in writing from his sister promising to pay, or unless he transferred the loan and title he is pretty much out of luck if she will not do the right thing and pay as she has promised to her brother.
Wiki User
∙ 15y ago
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Can your car be repossessed if it was in an accident and nearly totaled?
If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.
Do you still make lease payments although the lease vehicle was totaled?
I was sued by my lease company eventhough my vehicle was totaled for not paying. I'm no expert but if I were you then I would because they have no hearts.
Does the ticketed motorist insurance Co have to replace your totaled vehicle?
'ticketed' really doesn't matter.........what matters is who is responsible or liable for the loss...........and no they do not have to 'replace' your totaled vehicle they owe you the acv (actual cash value) of your vehicle........
My son had permission to operate a friends vehichle and the car was in an accident and totaled. is he liable for payment?
if there is insurance it should pay for the loss
If your car is stolen or totaled and you bought extra insurance with the purchase of the car will you be liable for the rest of the payments?
no unless there is some exclusion. (read the fine print)
What happens if car is totaled in chapter 13 but no claim was filed for the car?
A car is not totaled in a chapter 13. A car may be totaled while the owner is in a chapter 13. If the car was fully exempted, nothing happens. If you need to buy a new car, you will have to get permission from the bankruptcy court after you file a specific purchase agreement (car loan) which should not seriously affect your plan payments. Why are you not asking your lawyer?
In Alabama how can a seller recover a court ordered balance if the vehicle is totaled and the buyer has no money and is not willing to make payments?
IF they have JUDGEMENT, THEY CAN GARNISH YOUR WAGES OR ATTACH OTHER PERSONAL PROPERTY.
Car is totaled but still owe?
If you've got full coverage insurance, make a claim. They should take over payments. You'll be car-less, but won't owe anymore.
What do you do if you can not afford to continue making the car payments on the totaled car while making payments on the new car loan?
Sell the newer car and buy something cheaper. It's a bad idea to default on a loan and screw up your credit. Sounds like you overextended yourself financially!
Do you pay taxes on insurance proceeds for a totaled business vehicle?
No, (or a personal one)...but you can't also deduct the casualty loss - up to the amount of the payment...so if they paid you "in full"....thats it.
Can you make your auto insurance pay you back for loan payments you made on a car they declared totaled?
Your insurance owes you the value of the vehicle minus your deductible. If you owed the bank more than this, you are responsible for the excess.
Will you owe taxes on a totaled car?
Not if you notify you local PVA that the car is totaled and not longer in service. You will pay taxes up to the day it was totaled.
