Cars & Vehicles

What happens if a car was to be repossessed and it didn't happen?

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2013-07-11 00:42:23
2013-07-11 00:42:23

You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.

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Related Questions


if i get my car repossessed, can they put a llien on the house?

You can be sued and your car repossessed.

Your debt is then written off as the car covers the cost of the debt.

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.

You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.

Normally your credit is ruined for 7 years.

You will also be liable for any deficiency balance

then you go and kick that person and repposses that car.... They call cops and you ignore those guys....

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.

Your credit is severely damaged. Stays on your credit report for 7 years. Don't let this happen. Contact the lender and work something out.

Will be repossessed, be patient. You either pay off, or pay off. No longer able to make payments. They will repossess the car and sue for the difference. Sorry.

The car is not yours, it belongs to whoever got the repo company to collect it. They can decide what happens to the car, if they instruct the repo company to break into it, then that's what will happen.

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.

No, but your car can be repossessed if you don't make the payments.

Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.

Your credit is damaged. You are then responsible for the difference in what the lender sells the car for and the balance on the note. It cost you in more ways than one. Don;t let it happen to you. The lender does not want to repo the car. Work out something with them.

The car will most likely be repossessed unless you make up the missing payments and penalties.

It will be auctioned off and the bank will want to collect the difference of what it sold for and what your loan was.

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed

They will then sell the car and you will be responsible for the difference in what the car sells for and the balance on the note. Don't let it happen. Contact the lender and work something out.

When a car has been repossessed the person paying the insurance should cancel it.

The same thing happens as if you lived across the street from the lender. They notify you by mail what is going to happen(court,auction,ect) and if you dont respond they proceed. No biggie. Not to my knowledge. Search in your browser for "vise + revoke".


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