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When a car is repossessed does the finance company have to sell it for the amount it is worth?
Wiki User
∙ 12y ago
no, they will sue you for the balance owed after the sale
Wiki User
∙ 12y ago
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You like a car and still have finance on your old one so can you trade it in for the car you like and move the finance onto the new car?
Yes you can. However how much you owe and what your current car is worth comes into play. IE if you owe 12000 but the car is only worth 10,000 you will need to finance this extra amount on your new car. Some finance companies will not allow this, so you may need to pay the difference if there is one.
What kind of business does Black Horse Finance specialize in?
Blackhorse finance specializes in refinancing your home. They also tell you what your home will be worth in the near future.
Where do you look to find out if shares in a company are worth anything?
I use yahoo finance. On the left of the page is a box where you enter the name of the company or its stock symbol. If you don't know the stock symbol just enter the name of the company and press "Get Quotes". Yahoo will offer a selection of possible companies. Select the company you're interested in and it will take you to a screen with the information you require.
Your finance car was stolen does your insurance claim go to your finance company to pay off the cars debt?
The monies from the insurance company will go towards the car payoff. Now, the insurance company is entitled to pay off the worth of the car. If the car is worth less than you owe, you may have to pay back the rest. For Example, say you owe $20,000.00 on a certain vehicle. The Blue Book(www.kelleybluebook.com) value of this vehicle is $18,000.00. If they pay full value of the vehicle $18,000.00 you may still owe the rest $2000.00 to the loan of the vehicle. This means you were upside down on the loan...
What is business finance?
Finance is the science of funds management, or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. A key point in finance is the time value of money, which states that a unit of currency today is worth more than the same unit of currency tomorrow. Finance aims to price assets based on their risk level, and expected rate of return. Finance can be broken into three different sub categories: Public finance, corporate finance and personal finance.
How long after a missed car payment does the finance company repossess the vehicle?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
What happens if you owe less than the car is worth?
Keep paying or trade and finance that amount onto your next car
What is the total amount of all of your assets minus your liabilities?
1. Amount which remains after deducting all liabilities from all assets is called net worth of any company and that is the actual worth of company. FoFormula for net worth: NeNet worth = Total Assets - Total Liabilities
What is tmx finance worth?
What is TMX worth
You like a car and still have finance on your old one so can you trade it in for the car you like and move the finance onto the new car?
Yes you can. However how much you owe and what your current car is worth comes into play. IE if you owe 12000 but the car is only worth 10,000 you will need to finance this extra amount on your new car. Some finance companies will not allow this, so you may need to pay the difference if there is one.
Is it possible to get more than the blue book value of a totaled car if the insurance company offered 6k but you need 10000 to pay 10 percent in taxes plus finance costs for a new car?
You should expect to get the amount necessary to purchase a similar car in similar condition inclusive of taxes and registration fees. If you owe more on your totalled car than what it is worth you are still obligated to the finance company for the balance of the loan.
Can a motorcycle that has been taken apart be repossessed?
The company who repossessed the car now has the collateral to make up for the amount of the balance of the loan owed to them. If there is more owed on the loan than the car is worth, it is possible to be sued for the deficiency. If a judgment is entered after this occurs, and that amount is not paid or settled voluntarily, the lender could seek to garnish a bank account or a person's wages or file a lien against real property. If the motorcycle has a loan on it, it is already encumbered and not subject to a separate lien.
Top ten businessmen of 2008?
1. Lakshmi Mittal, 55 Company: Mittal Steel Net worth: $20bn2. Azim Premji, 60 Company: Wipro Technologies Net worth: $11b3. Mukesh Ambani, 48 Company: Reliance Industries Net worth: $7bn4. Anil Ambani, 46 Company: Anil Dhirubhai Ambani Enterprises Net worth: $5.5bn5. Kushal Pal Singh, 74 Company: Delhi Land & Finance Net worth: $5bn6. Sunil Mittal: Age 48 Company: Bharti Group Net worth $4.9bn7. Kumar Mangalam Birla, 38 Company: Aditya Birla Group Net worth: $4.4bn8. Tulsi Tanti, 47 Company: Suzlon Energy Net worth: $3.7bn9. Pallonji Mistry, 76 Company: multiple interests Net worth: $3.3bn10. Anurag Dikshit, 34 Company: PartyGaming Net worth: $3.1bn
What is a Meriden B Company 1528 pair of drinking goblets worth?
A pair of the goblets are worth a price close to $100. The amount of the goblets will vary depending upon their condition.
What is 100 shares of stetson hat company stock worth?
The amount of 100 shares of stock from the Stetson Hat Company will vary depending on the specific date. The company was founded in 1865 by John B. Stetson.
What are ratings and that mean in stock exchange?
Ratings In the Stock exchange show how much a single stock from that company is worth such as NASA being worth "X" Amount of Dollars. This means the Numbers on it are how much a Single Stock is worth.
What is gap insurance?
GAP insurance is coverage that covers the difference between the value of the vehicle at the time of the accident and the amount that is owed on the loan at the time of the accident. GAP insurance can be purchased from the finance company or from the persons insurance company. Usually it is much cheaper to get it from the insurance company.
