When your financed car breaks down, you need to get it fixed so you can drive it and keep paying your loan at the same time. If you can't afford to get it fixed, you can give the car back to the finance company.
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You can, should, and are legally required to register a financed car.
car breaks down
The Car Coach - 2011 Things to Remember When Your Car Breaks Down was released on: USA: 4 July 2013
You will have to weigh the costs of having a car repair verses financing a new car. Financing another automobile may cause your insurance rate to go up and increases your monthly payments. However, if it is unreliable you may consider selling the old car to a junk yard.
car is broken and needs major repairs but is still financed how do pay for the repairs
A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.
What is the average amount financed in an auto loan
Get it fixed.
Depends on nature of malfunction. There are many
73% of new car purchases are financed, according to this website: http://www.newcars.com/how-to-buy-a-new-car/auto-financing.html
You ALWAYS need insurance on a financed car, and it has to be full coverage. Doesn't matter what state you're in.