You continue to pay it as normal because your loan is thru a bank not the actual company, if your financing thru there company then you should be going thru a bank now.
Same thing happen to me. You have to retun the vehicle or find a loan from another company.
yes they can call and take such action with the loan company that the loan company can then decide to take your car or call in the loan for full payment
If you fail to pay your car loan the bank can repossses your car. It also goes on your credit rating that you defaulted on a loan.
If the loan company approves. If the loan company does not approve and transfer the loan you would still be legally responsible for the debt.
Repo.......homo
Anyone who works for a company is capable of applying for a business car loans. A company must have been established for at least two years to utilize a business car loan.
Typically you need a car with insurance to get a title loan. If your car is totaled, the loan company are entitled to that money since they hold the title for your car.
Same thing happen to me. You have to retun the vehicle or find a loan from another company.
the car will most likely be repossed and a court order issued against you for what is owing plus costs
You can get out of your car loan by selling the car you have. You can also return the car to the finance company.
my mother cosigned for a leased car for my sister. my mom has died. what do we do with the car? will my sister now be responsilbe?
yes they can call and take such action with the loan company that the loan company can then decide to take your car or call in the loan for full payment
Then you're screwed. The tow company put a mechanic's lien on your car, then they auctioned it off to recoup their costs. You're still liable for the payments you owe to the finance company.
Yes, but you would have to get a loan for the payoff amount from the loan company you want to use
It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.
then they take your car and repo it.
If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.