Repossession
Jobs
Loans

Would a financing company really pay a repo man to repo a 1996 car that has 100000 miles on it if only 240 dollars in late fees is the remaing balance and the principle has been paid?

151617

Top Answer
User Avatar
Wiki User
2006-06-13 03:52:16
2006-06-13 03:52:16

Yes, because ultimately you are paying the fees.Is your your 1996 car worth more than $240.00..... probably.Add in another 250.00 or 300.00 for the repo and your looking at 500-600 is your car worth that auction?Probably yes but it doesn't matter because you are liable for the balance left from the cars auction.

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

While a 400 dollar payment breaks down to 66.67 dollars per month, the insurance will charge more. you will be paying them a fee for financing the insurance payments.

User Avatar

Newly deposited amount: 364 dollars Current Bank balance: 500 dollars Previous balance:? Previous balance = current balance - newly deposited amount = 500 - 364 = 136 Franklin had 136 dollars in his account before he made the 364 dollar deposit

User Avatar

The kind of company that you can start with 10 million dollars is a cargo transportation company.

User Avatar

Yes. It is possible to open a company with 10 million dollars.

User Avatar

They are relative to the valuation of the company and the shares issued by the company. So for example if company has 2 million common shares and the valuation of a company is 4 million dollars then each common share is worth $2. Usually valuation of company occurs upon financing and that can vary, based on how well can you sell part or all your company, so for example if you are inquiring financing of $400,000 of the company at pre-money valuation of $4 million, that means that the post money valuation is $4.4 million, you can then either issue more shares for the same pirce of $2 per share or sell some of your own for $2.2 a share, because share prices is calculated post money. However when you do get financing, most investors would rather you issue preferred shares for the same price, because they will get more privileges with the preferred shares.

User Avatar

About 50 dollars give or take.

User Avatar

about 25 dollars a tires

User Avatar

I've seen a 1964 Polk county Oregon balance scale sold for 500 dollars before so I think you can get about $200 dollars

User Avatar

Moving companies can make anywhere from thousands of dollars to millions of dollars. It depends on the size and location of the company.

User Avatar

Unless they are reflected in the negative balance already, there are overdraft charges that you also owe. If the -$40.00 reflects more than one transaction that caused the negative balance, each transaction will have an overdraft charge.

User Avatar

A company has a total assets of 10250 dollars and its owner equity is 5000 dollars how much are the liabilities of the company?assets = liabilities + equity$10,250 = liabilities + $5,000 --> liabilities = $10,250 - $5,000 = $5,250In Personal Finance

User Avatar

Get a really big suitcase, fill it with several million dollars and go visit a country that is having a problem financing their space program.

User Avatar

60% of $700 is 420 leaving a balance of 280

User Avatar

Five thousand, eight hundred and 00/100 dollars

User Avatar

approximately 3.3 trillion dollars

User Avatar

about 7 billion dollars

User Avatar

Chase Bank does have free checking as long as you have a minimum balance of 100 dollars. there are also interest bearing checking accounts were if you maintain a balance of at least 1500 dollars your account will receive interest on your checking account.

User Avatar

Martha Stewart's company is estimated to be worth about $1 billion dollars. She is a home economics expert, and has made millions of dollars from her cooking shows and products.

User Avatar

$9,000 dollars if its in ment condition $5,000 dollars if its used and $1,000 dollars if it damaged or broken in anyway

User Avatar

Negative amounts, in this case, represent a debt to the bank.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.