Pay the current balance, plus repossession and storage fees.
Mary, the answer is NO. You will have to pay the balance due after the sale price has been deducted.
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.
technically, you have 20 business days to pay the balance owed plus all fees that were incurred during repossession.
No, and it is not likely any would if what you are saying is that your vehicle has been repossessed twice.
If you don't pay the balance of the loan after repossession, the lender can take you to court for the remaining balance or they can charge it off. Neither is a good thing, so it is best to pay the remaining balance as soon as possible. ___________________________________________________ Most vehicles that have been repossessed are sold at auction. When this occurs, you are responsible for any balance that remains less the monies collected from the sale. If a balance remains and you fail to pay it then the creditor or lending agency can sue for the balance due plus legal fees.
I have a welding machine on the truck they repossessed can they keep that?
yes it has a 10 year limit
When a car has been repossessed the person paying the insurance should cancel it.
ENTIRE balance Due including interest and fees - sale price. BUT, the lender can take an OFFER. cash works best. LOL bargain, negotiate, wheel and deal. good Luck
Contact your finance company. They will often give you the chance to get the car back if you pay up to date plus impound fees and usually some more towards your balance.
Yes. Even after the vehicle is sold, you'll still owe them the remaining balance of what you borrowed, and they'll continue to call.
You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.
i heard u can
Yes. When a vehicle is repossessed, it gets sold again. The amount received from the sale is deducted from the balance owed (which will now be augmented by repossession fees, storage fees, service fees, etc), and you will still be liable for that amount of money.
http://www.lrc.state.ky.us/KRS/426-00/005.PDF according to this state law, YES.
There is no way that you will be able to get that care back. Once a vehicle has been repossessed the company holding the car is in the process of auctioning that vehicle. You will have a balance once this vehicle has been auctioned out. You should receive a statement in the mail withing 60-120 days stating what you owe. Sometimes if you are lucky you will end up owing anywhere from 50-75% of the sales price of that vehicle. If you are not that lucky, and you are left with a full balance that you owe, your best bet is to negotiate with the lender or collection agency that has that account.
You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
READ YOUR CONTRACT. In very few circumstances will you NOT be responsible for the balance due after the collateral has been sold. Very few, in most cases you will pay the difference between what the car sells for and the balance due. If you file bankruptcy you are NOT responsible for one dime and the lender can make no attempts to collect once the debt has been discharged.
It covered the entire Earth, twice a year. Just like today. It may have been thicker at times...
NOT. Good try though. LOL