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it is up to the bank to decide. Legally, as little as 1 cent.

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20y ago

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Related Questions

Can a bank sue you after repossesion of a car?

After they repossess the vehicle they will sell it for whatever they can get. You are then responsible for the difference in what they sold the car for and the balance owed on the loan. If you do not pay this amount they will take you to court.


Can a finance company repossess a car if more than half has been paid?

They can repossess with any amount owed if unpaid.


When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


If you have two car loans at one bank can the bank repossess both even?

Yes they can repossess everything that you got a loan for.


Can a bank repossess a car who's registration is past due?

no


When can a bank repossess someones car?

When the owner defaults on the loan payments


Can a bank repossess my car if I am making some sort of payment?

If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.


How does a lender get a judgment against you for a loan when they repossess a car?

You owed more money than the car was worth and they wish to collect the balance.


Does the bank have to notify you before they repossess your car?

I have NO IDEA, WHY look here if there is NO ANSERS


Can the bank repossess a 30K dollar car when less than half is still owed and only 128 dollars is past due?

The bank can legally repossess a car at any time you default on the loan regardless of the vehicles value or the amount past due. If your car payment is due on April 1st and you don't pay than you are legally in default on your contract. If you make a partial payment (less than the amount you agreed to pay in your contract every month) and the bank didnt agree to this arrangement then you are still in default. The best bet would be to pay the $128 before the car is repossessed or to pay the back balance owed if it has already been repossessed.


Can a bank take a car that some else as a lien on?

Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.


If a person dies can you give car back to bank?

If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.