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What else can I help you with?
If your car is repossesed what happens?
they take the car and sell it at an auction then send you a bill for the difference between what they sold the car for and how much you still owed on it.
Does the bank have to tell you how much they got for your car at auction?
Yes, and if they got more than you still owed, they have to credit you for the difference.
What happens if the car was totaled in an accident and money was still owed?
That's about it. The car is totaled. The money is still owed. If there was a loan, you'd better have insurance and if you are lucky, the insurance will cover MOST of what you still owe.AnswerYour insurance co. is obligated by law to satisfy any payment up to the policy's limits. If there are money owed after that, you can sue the other driver for the money owed or be sued, whatever applies.
How can you find out how much is still owed on your account?
To find out how much is still owed on your account, you need to call the account carrier. You might also be able to log into your account online.
Is money still owed if leased car is repossessed?
Yes, and potentially more than was owed before the repossession due to accrued fees.
What happens if you part out a financed car?
You still owe the finance company the balance owed.
Is it legal for the car to be repossessed and still require payments to be made?
Generally, if the car was sold for less than the amount owed on the loan the lender may demand that you pay the remaining balance owed.
If a car is in your deceased mother's name and you don't want the car and plan to return it to the dealer will you have to pay what is still owed?
you or her estate???
Is it possible that if someone buys a car and then gets it repossessed while still owing money on it for the people you bought the car from to sue you?
yes, unless they get the balance owed. If not they will sue for the remaining balance between what is owed and what they get from the resale.
Can a Mississippi car registration be changed to someone else in Louisiana if money is still owed on car?
yes if you signed the title of the car over to the new owners
Is there still money owed on this vehicle?
Yes, there is still money owed on this vehicle.
If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?
Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.
