Most likely not depending on what financial situation you're in.
The vehicle can be repossessed.
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.
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
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.
yes. When a vehicle is repossessed by the bank it doesn't mean that you stop making payments. You are still liable for the loan.
Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
Yes. If you signed the loan, you are still legally responsible for it.
The vehicle will be sold at auction, the proceeds will be applied to the loan and to the repo fees, then you will still be responsible for any remaining amount owed to the loan.
YES, you pay all the loan amount, sooner or later.
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.
The one who BORROWED the money and/or the on who COSIGNED the loan.
NONE on the loan.
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
Paying off what still owed on the loan is a GREAT start.
Yes. If you default on your car loan you will remain liable for the debt.
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
The car was repossessed one week before being off, now the creitor wants to charge me repossesses fees.
The only way you can have your car repossessed would be to not make any payments. If you have taken out a loan and have not made payments, they will take your car away.
Yes a vehicle can be repossessed if the loan is not being paid on.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.