0
What else can I help you with?
If the creditors repossessed a motorcycle and then DID NOT sell it at an auction do you still owe?
No you don't still owe; once the motorcycle has been repossessed, it is no longer your concern. Whether the creditor sells it or fails to sell it is the creditor's problem, not yours.
Is it possible to sell a motorcycle that you owe money on Is there any way to simply sell the bike for it's current value and still retain the extra debt owed to the dealer?
If you owe money on the motorcycle then the lender has a lien on the vehicle. You cannot sell it without the permission of the lien holder. You need to contact the dealer holding the loan and see if they can help you.
How do you get rid of a car on which you still owe money?
Sell it privately for what you owe on it.
Can you trade in a '03 motorcycle that you still owe money on?
Yes, the amount of money that you owe on the motorcycle will be added on to the amount you are borrowing on whatever vehicle you are buying. They will then pay off the title since you owe that money anyhow for the new vehicle.
What do you do if your motorcycle is totaled in an accident with no insurance but you still owe on the bike?
you still owe on the motorcycle. that's why banks require full coverage at the time of the loan-so that they will get their money. Since there is no insurance company, YOU are responsible for paying off the loan.
Once the lender sell you car do you still owe the balance?
You owe the difference in what the car sells for and the balance on the note.
Can you still owe money after your car is repossessed because of the recall?
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
In a bankruptcy do you lose your motorcycle?
If you owe a finance company for it, they may reposess the motorcycle.
Is there a way to sell a motorcycle when you are upside down in a loan with it and not owe the balance?
if the loan is through the bank then have the person who is buying pay off the rest of the loan.
Where is the best place to sell a motorcycle?
craigslist? how to sell my motorcycle
How do you sell a upside down car?
If you mean you still owe money on the car you don't sell it unless you can take the money and pay off the loan. The bank really owns your car and the pink slip, so if you sell it without the loan getting paid you still owe the money to the bank.
Can you be charged for a car if you let the car be repoed?
Lets say your financing a brand new car. You owe $25,000 on it and when it gets reposessed you still owe $18,000. The reposession company will sell the car and that gets subtracted from what you owe. Lets say they sell it for $7,500. So they would subtract $7,500 from $18,000 which means when all is said and done, you still owe $11,500 on the car.
