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The owner of the car (person(s)) who took the loan on the car are responsible

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16y ago

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Can you be held responsible for repossessed car if co owner had possession of car?

yes you will be responsible.


What if your car is being repossessed?

They will then sell the car and you will be responsible for the difference in what the car sells for and the balance on the note. Don't let it happen. Contact the lender and work something out.


If your car is repossessed in Pennsylvania can your wages and bank accounts be garnished?

check this site


Can a car be repossessed if the owner dies before the first payment is due?

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.


What if your car is about to be repossessed but it gets stolen who is then responsible?

YOU are responsible for the debt that is secured by the "stolen" car. Be sure to make a police report on the 'stolen" car.


Does a divorce decree keep a car from being repossessed?

No


You have one day before your car is repossessed is there any payment options?

Call the lender, and make some kind of arrangements. Do not let your car get repossessed. You will be responsible for the balance on the loan. no


If there is negative equity on your car when it is repossessed are you responsible for the difference?

It may vary by state, but in most palces you are responsible for the negative equity.


If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?

Yes. If you signed the loan, you are still legally responsible for it.


Do the police know that your car is being repossessed?

Generally speaking, no.


Can your car get repossessed while being serviced at a dealership?

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If your car is repossessed are you responsible for the balance after they sell your car in Illinois?

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