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Sorry, but you will lose the car. Repossession is they way creditors guard themselves against losing money on a loan.

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15y ago

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How do get your repossed car back in Arizona?

Pay what you owe.


Your car was repossessed how can you get your car back?

If your was repossed you need to call the car company and pay your car


You cannot make the rest of the down payment and the dealer wants the car back do they have to give us back your trade?

In Chicago, IL if your car is repossed by the dealer do you still have to pay back the money for the car?


Can you get your car back after it has been repossed?

yes you would have to pay all the back payments and probably a fee.


If a car is repossed are you still responsible to pay for the remainder due on the car?

Yes. You are also responsible for repo fees, storage, auction and collection fees. You pay for it all.


If you are two months behind on a payment can your car be repossed?

First off it is not your car. The car belongs to the lender until you pay for it. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.


What happens to payments made after a car is repossed?

Payments made after a car is repossessed will no longer be returned to the debtor. In fact, the lender can still require the debtor to pay the remaining balance of the loan.


Do i still have to pay the lien even if i don't want the car?

If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.If you borrowed money to purchase a car then you are required to pay it back.


Must you carry insurance on a vehicle after it was repossed?

If the car is repossessed then that means the bank owns it. So if they own it and they have it, then no you do not need to pay for insurance on it unless you plan on getting it back.


What happens if car repossed?

The bank or loan company will sell the car for whatever the highest bidder will pay. The amount they receive will be deducted from the balance you owed on the car. You will have to pay that difference plus any repossession fees associated with retrieving the car from you. Your credit will be ruined for 7 years because you failed to honor the contract you entered into with the lender.


Do you have to pay for vehicle after being repossed and loan not satisfied?

Yes, you still have to pay. You signed a agreement stating that you would pay for the car. So the balance that you pay is the cost of the repossession and the cost of the vehicle after it is sold. No! Then company will try to scare you but you don't have to pay it because its still going to be on your credit report.


Can A Car loan deficiency be owed in California if the Car is repossed?

Yes. As the comaker on a loan, you are equally responsible for its payment. In the event the other party defaults, you either pay the loan yourself, convicne the other party to, or if able file bankruptcy.