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do you mean repo man? you have your car taken,then it is wholesale sold,you get the bill for the difference on what they sold it for and what you owe . not a great way to help your credit either.
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∙ 16y ago
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What might happen if you voluntarily relinquish your car to the lender and cannot afford to pay the difference in the loan balance after the vehicle is sold?
The lender would have the option of filing suit to recover monies that are still owed.
You are current registered owner of car at DMV Leinholder lender that gave you loan is current legal owner at the DMV Can another lender repo your car saying they have an old interest in vehicle?
No, this would be considered a lien loss. Typically this occurs when a vehicle is traded in, previously repoed and resold, or sold outright and the previous lienholder either never perfected the lien, or provided the proper paperwork when reselling it after repossession. If the vehicle is repoed, contact your lender to ensure they did not order it, contact the repo agency who recovered it and report it wrongfully repoed, and demand the name of the lender who ordered it. The vehicle if actually wrongfully repoed must be returned to you undamaged as soon as possible.
What would happen if you made payment arrangements for the payoff of a repossessed vehicle but could not keep them?
If you kept the repossessed vehicle, the lender could reposses it again and sell it. If this was just a contract to repay the debt, they could sue for money damages just like it was a promissory note.
Can a vehicle be repossessed for insurance lapsing?
I would not think so, but, your lender does require that you carry collision insurance on the car, which is the lender's collateral. It depends on what the note you signed says about this. Read it.
Can you sell a vehicle for less than you owe privately?
You would have to make the arrangements with the LENDER so the buyer could get the TITLE. Likely you would need the balance to pay off the loan before the lender would release the title.
What is the difference between lend and borrow?
I could offer to lend money to you, and if you wished you could borrow that money from me. Or, you could lend me a book, which I would then borrow from you. Lending implies the item loaned will be returned to the lender in some way; borrowing also implies the item borrowed will be returned to the lender. So the two terms have that in common.
If you do not have permission to take a car but you return it what will happen?
It depends what the owner of the vehicle chooses to do. If they find out you took their car with out permission they can press charges. The Charges would be minimal considering you returned it, how ever you would have to pay in some way, shape or form.
What would happen if Julius Caesar returned to Rome?
he would be killed because of all the power he gained
When a cosigner on a vehicle loan dies does the vehicle become a part of the deceased's estate or can it be repossessed by the lender if all the payments are current.?
Get a death certificate and get him off of the loan. He is the secondary on the loan, not the primary so you are o.k. if you keep the payments current. Y-THINK-Y * The vehicle would not be subject to probate procedure. However, it would be the lender's decision as to what should be done concerning the loan. The lender could repossess the vehicle if another cosigner is needed and there is no one willing to take the responsibility. The other option for the lender would be to require the primary borrower to refinance the car in their name only. Many lending contracts will include clauses that relate to such situations, (death, divorce, etc.) that allow the lender to take almost any type of action to insure the security of the property.
Can you transfer a vehicle after the death of the owner in NC?
That would be determined in the settling of the estate. As part of the settlement, the vehicle will be sold, given to the appropriate person or returned to the dealer.
What would happen if the oil ran dry in your vehicle?
you would need to get some more
If Brock Lesner did return to WWE what would happen and if he did would he quit yet again?
He has returned and has signed a contract for a year
