Sell it or trade it in. Then take the proceeds to pay off the loan.
Either pay off the car loan in full or sell it.
You have to sell the car. If you give it back, it will still look as a repossesion...a voluntary repossesion. You do not want someone to take over the payments,as there is no guarantee that the payments will be made on time. Sell the car or try to refinance the balance, it is the only way. Good Luck..
Yes, the take over payments car for sale is still available.
Not as long as the payments are current and have remained so.
No its perfectly legal and if you are still making payments on it, that increases values.
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Not as long as you continue to make payments on it.
Depends on what you mean by
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
Yes! The car is still in your name. They can sue or sell it.
The lender will eventually repossess the car.
The best indicator is that you still owe on the car, and you have stopped making payments.