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What else can I help you with?
If a car is repossessed and they sell the car how much can you owe?
The difference between the sale price & loan balance is what they will bill you for.
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.
Can you still owe money after your car is repossessed because of the recall?
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
How do you find out who repossed your car?
The lender who holds the note on your car, is the one that repossessed your car.
If your car has been repossessed and you cannot pay what you owe should you let them sell it?
You have no choice.
Can you sell the engine out of a car that is going to be repossessed?
No, you must surrender the vehicle in the condition you received it in.
If you had a car repossessed and you owed very little if they sell it and get more than what you owed who gets the difference?
YOU DO, if there's anything left after the sale. Remember, if they sell at auction, it will be wholesale and NOT as much as you would pay for it.
How do you find out what price your repossessed car was sold for?
ASK the lender.
If your car is repossessed are you responsible for the balance after they sell your car in Illinois?
You are unless it's a TITLE LOAN, they usually write it off.
Approximately how long does it take after your car is repossessed for them to come after you for the deficiency?
As soon as they sell the car so they will know what the balance due is.
Do you have to pay for a car if it is repossessed?
The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.
When a car is repossessed does the finance company have to sell it for the amount it is worth?
no, they will sue you for the balance owed after the sale
