Yes. If there is a difference between the value of the vehicle and the balance still owed on the loan, plus applicable fees and interest, it must be paid by the borrower. However, the actual value of the vehicle may not be the amount that it is sold for even though the lender/seller is legally required to make a reasonable attempt to get the market value.
In most cases YES
The vehicle can be repossessed.
if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed
Most of the time when a car get repossessed you will still have to still pay monthly payments. In some cases you will not have to continuing paying.
Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.
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.
IF you can pay it off AFTER it is sold, it will still show as a repo on your credit. BUT if you can payoff then, pay it off NOW and you get to keep the CAR.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
YES. Read your contract.
Offer to buy it.
Pay it off. It will still likely be repossessed.
If they are accepting your payments, they probably won't take your car.
In almost all cases, YES. At the very least you will pay the difference in what the car sells for and the balance on the note.
YES, you pay all the loan amount, sooner or later.
dont pay the payments ever
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
If your was repossed you need to call the car company and pay your car
Most likely not depending on what financial situation you're in.
Most of the time you do, YES.
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
Yes. Some is likely repo fees.
not if you still owe money on it
Pay the company for the car, like you should have during the time you had it.