0
What else can I help you with?
How much can a repossed vechicle be resold for?
whatever the worth is of the car or more
What happens to your car if it is repo by a payhere buyhere lot?
It's resold to someone else.
Can you buy a car without registering it under your name then sell the car to someone else?
No, because then it wouldn't belong to you to be resold.
What problems will come from turning in a car before its paided for?
Ruined credit.
Does a repoed car have to be sold at auction?
No. Who ever holds the note gets to decide how the vehicle is resold.
Where can you find out if the car that was repossessed has been resold and how much was it sold for?
The LENDER keeps such records and will share them with you ultimately.
Are pre-owned cars the same as used cars?
"Pre owned cars are typically resold with the benefits of buying a new car, while only paying the price tag of a used car. Alot of times Pre-Owned cars are resold as Certified, and can be bought with a warranty."
Why is it called unsecured credit if they can come after you?
It's called unsecured because there is no concrete collateral such as a car or a house that you explicitly use to guarantee the debt. For example, a car loan is a secured debt. If you don't pay, they repossess the car. A credit card is an unsecured debt; if you don't pay, they can come after you... but there is nothing (such as a car or a house) that they can immediately and swiftly go after and take.
Can a dealership put a car they repossessed back on the lot for resale?
Yes. The dealer might have to go through a proceeding to clear the title, but ultimately the car will probably be resold.
If you signed for a car loan for a friend does all theyre bad credit come on the co signers credit report?
No, but if she defaults on the loan then you will have to pay the amount due or suffer the consequences on your credit report.
Can you qualify for a car loan with a 627 credit score?
There is a lender out there who'll extend a line of credit to you. It may come at the expense of a high interest rate, though.
Can you finance a car with no credit?
its very difficult to finance car with no credit if you have some bad credit then you have chance to get car finance.
