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IF the Lender agrees to it, yes. IF it gets the lender money, they will likely agree.

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โˆ™ 2005-01-11 12:34:04
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Q: Would you be able to go through a debt consolidator to pay off what you owe on a voluntarily repossessed car?
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If you cannot pay loan on RV should you voluntarily turn the RV in to the lien holderor let the RV be repossessed?

It would look better on your record (For future loans) if you turned in the RV voluntarily.


Why do you still have to pay and how can your wages be garnished when you voluntarily allowed your car to be repossessed and it was sold for the complete balance owed?

personally that's more of a question for a lawyer to handle. if i were you i would speak to a lawyer its your best bet. good luck


How would you describe contract law?

Contracts are entered into voluntarily, but once entered into they may be enforced through the courts.


If a mechanic has a mechanics lien on your car will this prevent the finance company from repossessing your car or prevent you from voluntarily having car repossessed?

No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.


Can your car be repossessed if it was in an accident and nearly totaled?

If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.


Why would a boat be repossessed?

Boats can be repossessed due to non-payment or maybe the boat does not meet the requirements needed to sail. I would think it would be just like a automobile as far as finance goes.


If you are a senior and thinking about having your car voluntarily repossessed and your daughter would then give you her car as a gift will the finance company have any rights to the second car?

No. As Stated They Would Have To Have A Lien On The Gift(Car) They Can Seek Judgement For Balance On Debt. The Car Is Yours They Have No Control Over Any Gifts You Recieve. GOD BLESS


Can a car be repossessed from a car dealership?

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed


In Kentucky how many car payments behind do you have to be before your car is repossessed?

Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.


Can you be arrested for not paying your car payments?

maybe but your car would be repossessed


You want your house repossessed?

no i dont think any body would like their house repossessed because that will mean your a tramp, then u will be put in a dangerous place .. :'(


Can your car be repossessed while parked in reverse?

Yes/No, because if it is parked in reverse, the back wheels would be dragging, and soon shift gears (If repossessed by a chain truck), but if it is a flatbed tow truck, then yes, it can be repossessed, because the back wheels would not be dragging, therefor the wheels would not shift gears and ruin the vehicle, or reverse of of the truck!Why are you asking, has your car bin repossessedbefore?-Zachary T. Davis06/03/12


Can you buy another car even though is repossessed?

If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.


Ways to cause your car to be repossessed?

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.


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 a car be repossessed if there is no lien holder?

In that case there would be no one with the right of repossession.


You owe money on a repossessed car but the car was refinanced to someone else do you still owe?

I believe you would owe the difference. If you owed 10,000 on the vehicle and it was repossessed and someone else bought it for 8,000 you would owe 2,000.


How much would it hurt your credit if the car you co-signed for gets repossessed?

Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.


If you file for bankruptcy and your car is being repossessed through the bankruptcy with a loan on it and the car interior has been modified and damaged would you still owe anything on it?

If the car is being repoed then you owe something.


Can husband change title from both names to just his name?

No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.No. If the wife is also on the deed to the premises she would need to voluntarily transfer her interest to her husband by executing a quitclaim deed.


How can one find car repossessions that are being sold?

The place to go to find out about repossessed cars being sold is through the USA government websites. The cars are being sold at auctions and this would be where to find out.


What documents would you need after a repossession of a car in order to get it back?

To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.


Why would you get a refund for overpayment on a repossessed car?

When a vehicle is repossessed, it will eventually be sold at auction. Occassionally, the amount received from the sale is greater than the balance owed. On these occassions, the excess is sent to the debtor.


If someone has to have a car voluntarily repossessed would the car payment be the same or can it be reduced?

That needs to be discussed with the LENDER before you let it get repoed. Better yet, discuss while you are current on the payments. If you're in a temp shortage, they might work with you on getting around it. If its NOT temp, they will likely want all the money due at one time. TALK to the LENDER about it. Good Luck


Where would go to get a loan on a car that was repossessed?

You dont they most often get liquidated at dealer only auctions.