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Voluntarily had a car re-poed and am paying the balance can the main buyer be taken to court to pay back the payment?
Wiki User
∙ 16y ago
no, if you were the current owner of the car or the one making payments it is your responsibility to pay the balance
Wiki User
∙ 16y ago
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If a car is repoed can they repo your new car?
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
Can a car get repoed for no reason?
only if ou dont pay your payment or your financing falls through
Can your car be repossessed if the payment is two weeks late?
READ your contract. If you are in DEFAULT of the terms, you can get repoed.
What if the company that repoed your vehicle sells it for less than you owe?
They will look to you for the remaining balance
Can repo men your other car to get to the other car?
I missed my payment on my jeep and they repoed my other car. Can they do that
If you have a 2003 van which is not conducive for a disabled senior can you have it voluntarily repossessed?
You certainly can have it repoed in any manner you like. Vol or invol, not much difference. Its BAD for your credit any way you go. You will be responsible for any balance due after the van is sold. Any way to make the van "conducive" for a disabled senior???
When your car gets repoed by a used car lot do they came after you for the rest of payment?
The car will be sold. You are responsible for the difference in what the car sells for and the total outstanding balance on the loan. You will be required to pay this amount. Never ever let a car be reposed. Talk to the lender and work something out.
How does the remaining balance in a vehicle repossession case get solved?
Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.
Can you be sued for a car that has been repoed?
If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
If someone has to have a car voluntarily repossessed would the car payment be the same or can it be reduced?
That needs to be discussed with the LENDER before you let it get repoed. Better yet, discuss while you are current on the payments. If you're in a temp shortage, they might work with you on getting around it. If its NOT temp, they will likely want all the money due at one time. TALK to the LENDER about it. Good Luck
What should you do if you recently caught up on your payments to the bank and are ahead now by 1 payment but the bank has not yet called off the repossession?
WHY not? Have you asked them? Were they demanding the balance in full?? Have you beeen repoed before? Have you beeen repeatedly in default? Are you STILL in default? Do you have ins. coverage as required by the contract? Contact the lender ASAP.
