The lender will expect you to pay the deficiency which is the difference between the amount owed on the loan and the amount they get for selling the car.
The best place to get a loan for a vehicle is a bank or similar financial institution.
Yes, the repo man can still recover the vehicle. The term charge off only describes the status of your account with a financial institution. It doesn't resolve that actual lien that the financial institution has on the vehicle. In other words, your name is on the title but financial institution is the owner/lienholder of the vehicle until the balance on the account has been paid off.
im Missouri it is 10 days after repo, the title can be filed for repo by institution.
Can you please specify what you mean by returning a vehicle? Are we talking about returning a vehicle within the specified time by the dealer because you are not satisfied or are we talking about returning a vehicle that has been repoed?
There are many companies that offer vehicle refinance programs. Very popular options include Chase, Nationwide, and Edmunds, as well as your local financial institution.
You will need to work with the financial institution to work out a settlement where you retain the vehicle and become current on your payments. Each loan institution is going to be different but the only way is calling until you get to the correct employee.
The financial institution owns that vehicle until they are paid in full for it. You can call them and tell them the situation and see if there is something you can do to make it right, but they may reposess it.
in general the financial markets provide a vehicle for
Yes. Banks and credit unions can keep a copy of key. This is so because if your financial institution has to repo your vehicle for any reason, they already have a copy of the car key to get it where ever the vehicle may be.
No, GAP Insurance covers the difference between the market value of the vehicle the insurance company pays you after a total loss and what you owe to the financial institution.
The time frame for returning a used vehicle to get a refund in most states is never. Once you sign a contract, except in extreme circumstances, you are stuck with the car.
The car rental drop off time for returning the vehicle is typically specified in the rental agreement and is usually before noon on the day of return.