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repossession man comes car goes to auction you pay difference between that price and your loan payoff, usually not in your favor. auction cars go to dealers for as little as 50 dollars if you owe 2000 dollars you will have to pay 1950 dollars and repo fees. better off to call bank and work something out

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16y ago

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Why do finance and marketing work together?

Finance relies heavily on marketing to gain clients and connect with businesses. For example, Finance works on dealing with people's money, marketing is the driving force behind getting clients and getting notoriety.


What is pre shipment finance?

Pre Shipment Finance is issued by a financial institution when the seller want the payment of the goods before shipment. The main objectives behind preshipment finance or pre export finance is to enable exporter to:Procure raw materials.Carry out manufacturing process.Provide a secure warehouse for goods and raw materials.Process and pack the goods.Ship the goods to the buyers.Meet other financial cost of the business.


What is repossesion?

A car repossession happens when a person falls behind on their car payments and the finance company reclaims the car. The goods they are paying for on a recurring basis are not legally theirs until payment has been paid in full. Until this happens, They will not be classed as the 100% rightful owner of the goods until the lien is removed. When the payments as stated in the agreement are not paid accordingly the repossession of the goods can be taken into effect. When this happens, then a lender can take legal action against you for the money owed to them. Some agreements allow you to miss one or two payments which can be added on at the end of the term. Please be aware that, your finance company can take your car back after missing one payment. http://www.carrepossed.com


Can you return a car bought on a personal loan when you were told it was on finance?

Have the car voluntarily repossessed. Using this option means that you voluntarily return the car to the finance loan company if you are too far behind on your payments and can't recover. If you decide to return the car, the finance company may pick up the vehicle or it may require that you return the car to its location.


Is it normal for a finance company to turn down an immediate 2 month payment offer on a loan that is 5 payments behind on a 6 year old vehicle?

YES, it is.

Related Questions

Why do finance and marketing work together?

Finance relies heavily on marketing to gain clients and connect with businesses. For example, Finance works on dealing with people's money, marketing is the driving force behind getting clients and getting notoriety.


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.


Can a finance company repo YOUR car if YOU are not behind on YOur payments in Washington state?

If you are up-to-date then no, if you are a cosigner there may be complications...


What is the meaning behind the word mfinante?

"Mfinante" is likely a misspelling or a combination of the words "minister" and "finante," which means finance in Romanian. It could be used to refer to the Ministry of Finance or a financial institution.


What happens when you fall on your behind?

You injure your vital coccyx.


What happens behind the scenes of soccer?

A lot of practice.


What happens saltwater evaporates?

The salt is left behind.


In California does a finance company have the right to repo a car from a police impound when payments are not behind?

No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.


What happens to two of the rats who stay behind as decoys?

They die :(


What happens when you dont get your period for 3 months?

Possibilities: pregnancy, malnutrition. Best bet is to go get checked out with a doctor because there could be several reasons behind that. Going 3 months without a cycle is not normal.


What happens to flora in Professor Layton 3?

Halfway through the game Professor Layton and Luke go to his school to find Flora, she is upset they left her behind agian, but she soon joins them.


Where is the crank position sensor on a 1999 Dodge Ram 318?

In through the top of the bell housing. It is behind the trans dipstick tube, behind the passenger headIn through the top of the bell housing. It is behind the trans dipstick tube, behind the passenger head