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What happens Repo car and can't pay the there lowest settlement price?
Wiki User
∙ 6y ago
They will sell the car and you will be responsible for the difference in what the car sells for and what the balance on the loan is. You will also be responsible for any fees associated with the repossession. Also, your credit will be ruined for 7 years.
Wiki User
∙ 6y ago
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What happens if you don't turn a car over to the repo man?
they will repo it
What happens if you hide your car from repo?
It will be reported stolen.
How much is the average price of repo insurance?
1 mil
What happens if your car loan is illegal?
then they take your car and repo it.
What happens if you stop paying your car loan?
Repo.......homo
When repo man hits another car when repossesion a vehicle?
when repo man repossess the car and was in an accident before you can get it back, what happens
In CA repo companies have to be licensed what happens when the finance co isn't using licensed people should you have to pay a repo fee or just for a tow which is what they are paying for 75 not 325?
Repo fees.
How much does it cost a dealership to pay a repo company to repo your car?
It depends, usually the repo man will come to the dealerships and tell them a price they'll repo a car for. The company I work for charges roughly $150 a car, but if we have to go unusually for to get the car the price goes up accordingly. Like if we have to fly out of state to get a car the dealership pays for the plane ticket plus a few hundred.
If a repo now shows up on a credit history with 'charge off' does this mean that the balance needs to be paid off even if the repo was two years ago?
Yes it will need to be paid, the good news is the bank will more than likely take a settlement, and only offer to pay them the settlement if the take the repo and chargeoff off your credit, the will play ball!:) for more info on repossessions, you can goto my website at www.stoptheREPOman.com
What happens when a repo man is taking your car and you broke the window of his truck?
You can be arrested.
Where are repo boats available for sale at a good price?
You can buy repo boats by contacting your local finance companies or in the Autotrade magazine. You may find them on Ebay as well.
Reverse repo rate?
A Repurchase agreement (also known as a repo or Sale and Repurchase Agreement) allows a borrower to use a financial security as collateral for a cash loan at a fixed rate of interest. In a repo, the borrower agrees to sell immediately a security to a lender and also agrees to buy the same security from the lender at a fixed price at some later date. A repo is equivalent to a cash transaction combined with a forward contract. The cash transaction results in transfer of money to the borrower in exchange for legal transfer of the security to the lender, while the forward contract ensures repayment of the loan to the lender and return of the collateral of the borrower. The difference between the forward price and the spot price is the interest on the loan while the settlement date of the forward contract is the maturity date of the loan.
