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make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo a car, they just want the money. So when they have to repo a car, they will go after the money very seriously. Nothing personal, its only money...

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โˆ™ 2011-09-14 10:37:12
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Q: When your car is repossessed will the finance company generally allow you to make payment arrangements on the deficiency or demand payment in full?
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Related Questions

How can you have your car repossessed i lost my job and can't afford it.?

Did you give it back to the finance company? If you still have the car, job or no job, they will be expecting a payment every month. You may be able to call them and make payment arrangements with them.


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Some do, most do not.


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Can you get your car back if its repossessed?

Yes. If the payment is made to the finnance company.


Can you be sued if you let your mobile home be repossessed?

You can be sued by the finance company to recover any money still owed to them after they auction the repossessed mobile home.


Can a motorcycle purchased on credit card be repossessed?

A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.


Can the car company that repossessed your car keep your personal property in it?

No Way. Its Your Stuff !


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Yes.


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How do you get your car out of impound if it was repossessed?

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How do you find out where your repossessed car is to reclaim your personal property in Indiana?

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How do you get a car repossessed from your ex wife?

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Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?

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Your car was repossessed how can you get your car back?

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no, they will sue you for the balance owed after the sale


Can your car be repossessed for credit card debt?

Unless the credt card company is the lienholder on your vehicle, no.


Do you have to pay the whole vehicle off if it is repossessed?

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.


Can your driver's license be suspended for not paying the balance of a loan after the vehicle was repossessed?

No. Absolutely not. Your driver's license cannot be suspended for not paying a loan or the balance of a loan, repossessed or not even if you get threats from the loan company.


Can your car be repossessed by the car dealership if you never gave proof of income?

If you are not making the required payments to the finance company that holds the lean on you car it may be repossessed. Proof of income is not required or relevant.


Can a replacement window be reposessed?

Yes and no it depends on the circumstances. For instance is it to a car or home. Anything can be repossessed if not paid for. Also if not repossessed it will have to be paid for if you're in the wrong and the person or company takes the matter to court.


Do you still have to pay car payment to the car dealership if your car was a write off?

It depends. Normally, if you car was repossessed, the finance company will "write off" the balance, but that does not mean you don't have to pay it. The company normally sells the car at an auction and you owe any deficiency balance. In other words, if you owe $10,000 on the car and it only sells for $6000, you will owe the $4000 difference.


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