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Lets say your financing a brand new car. You owe $25,000 on it and when it gets reposessed you still owe $18,000. The reposession company will sell the car and that gets subtracted from what you owe. Lets say they sell it for $7,500. So they would subtract $7,500 from $18,000 which means when all is said and done, you still owe $11,500 on the car.
What else can I help you with?
Can you get charged with stealing a car when it's getting repoed?
Yes.
Car was charged off and repoed will you still have to pay the loan?
Yes.
If you have a car that was charged off in 2004 and they didn't inform you of the charge off and now the car has been paid off did they have the right to do that without telling you?
Who payed the car off?Was the car repoed?
Can you get your wheels back if car was repoed?
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
My car was repoed can i file bankrupt and get it back?
NO.
What if you are getting your car repoed but you dont have the car?
Then tell the Repossession agents where it is and who has it.
What will happen to you if the repo man comes to get your car while you're traveling out of state?
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
How late can you be before a car is repoed?
3 months
If your car is repoed can they charge you to get back you personal belongings?
no
Do repo papers have to be shown when your car is being repoed?
no
If a car is repoed can they repo your new car?
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
