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If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
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∙ 14y ago
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What happens to the loan when the car is stolen?
The insurance should pay the loan (if your lucky it'll pay all of it) If there was no insurance then you still have to pay for the loan. I had a car stolen and I had to keep paying for it until the insurance finally paid it off and I was left with $50 in the end to get a new car with.
What happens when you pay off an auto loan?
the bank cant come and steal it. but the insurance company can if you dont pay that
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
What happens if you are paying on a car loan and the car gets impounded?
you continue to pay the note. just because you do not have the car available to drive at your whim doesn't allow you not to pay the note.
What if you sell your car for less then the loan and still have money to pay back?
i want to pay but he say must pay full..he dont want to discuss but that car i pass to bank already that time i lost my job, so now i want to clear my loan how?
What happens if you don't pay off your car title loan?
they take your car
What happens to a existing car loan when trading your car?
You need to make arrangements to pay it off.
If your car is up for repo but is stolen before you return your car what happens?
When your car is 'stolen", you file a stolen car report with the cops. Then your INSURANCE will pay off the loan. The lender will deal with the insurance co. and alls well. You dont have a car, but no payments either. BTW, the insurance co. HAS to be sure its stolen or they wont pay the loan off.
What happens when you pay off an auto loan?
the bank cant come and steal it. but the insurance company can if you dont pay that
What happens to the loan when the car is stolen?
The insurance should pay the loan (if your lucky it'll pay all of it) If there was no insurance then you still have to pay for the loan. I had a car stolen and I had to keep paying for it until the insurance finally paid it off and I was left with $50 in the end to get a new car with.
What happens if you don't pay your car loan?
The repossess the car, can get a judgment against you and your credit is badly damaged.
Is it better to buy a car with cash or a loan?
cash, then you dont have to pay anyone back
In Texas if you dont pay your home equity loan what happens?
The lender could foreclose on your house.
When someone is a cosigner on the loan of your car does that mean he owns any part of it?
when you cosign on any kind of loan you dont have to pay anything unless the person you cosigned for does not pay the loan, then you are responsible for that the remaining balance on the loan
What happens if you are paying on a car loan and the car gets impounded?
you continue to pay the note. just because you do not have the car available to drive at your whim doesn't allow you not to pay the note.
You have one payment left on your car loan when you pay it will your credit improve?
If you made all your payments on time this will improve your credit record.
What if you sell your car for less then the loan and still have money to pay back?
i want to pay but he say must pay full..he dont want to discuss but that car i pass to bank already that time i lost my job, so now i want to clear my loan how?
