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What are the consequenses of turning your car back to the bank?
Wiki User
∙ 16y ago
The bank will sell your car at what ever price they can get and apply the proceeds to your account. If you owe them more than they get for it they will want you to pay the difference. You should try to sell it youself for enough to pay off the loan. Banks won't
Wiki User
∙ 16y ago
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If a person dies can you give car back to bank?
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
When should i give my car back to the bank before or after filing bankruptcy in Alabama?
You give your car back to the bank after filing bankruptcy, the bank will ask your attorney for the vehicle back and give you a certain amount of time and the location to return it to. Definitely do not give it back before you file you will need to have it discharged legally from your debts.
How do get your car back after a repossession?
If your car has been repossessed by the bank for missing payments, the quickest and most efficient way to retrieve your vehicle is to contact the bank and make your back payments. When contacting the bank about back payments see if there is a new payment plan system that you can set up with them that is more beneficial to you, to avoid having the car repossessed again.
Why does a car get repossessed?
The person who bought the car didn't make payments so the bank takes it back.
Can a bank repo a car bought at sherriff sale?
I think They can because the old owner did pay the bills and the bank wants the car back. Yes i think they can.
Why does your Kenwood car stereo keep shutting off and turning back on when your driving?
Loose ground
You hit a snow bank your car wont start?
If you hit a snow bank, you may find your car won't start if the engine or starter has sustained damage. Physical damage prevents the engine from turning over properly to allow combustion.
What if you want your vehicle repossessed?
I heard if you surrender your car back to the bank the loan is from, they will auction the car to get money back, if they DONT get the whole amount of what you OWE on the car... They will bill you the balance.T
Can you return a used car purchased from a dealer?
A car bought from a dealer is usually financed by a bank they want there money not the car back
If I take my car back to the bank that financed it will they process it as a repossesion?
Yes because that is what it is.
What if the bank doesn't want the car back?
What is your question?? need more info
What happen if have car loan with a bank an you no longer need that car because the monthly payment is high can you take you back an get less one an will you continue with the same bank?
No, you are obligated to pay the loan you agreed to. If you give back the car (a voluntary repo) it will seriously affect your credit.
