Do I have to keep paying for a car that has been reposed by a bank if I surrender it to the bank in which is carring the loan?
that all depends on the loan, the terms of the loan. you need ask the bank not someone on here.
your best bet is to contact a company called CAR HELP USA. They can help you stop repossessions, lower car payments, get you current with your payments, lower interest rates, and tell you the best solution for your personal situation. They even help with bankruptcy and help you drive the car for ...
yes you do,the purpose of a co signer is that person is responsible for paying in the event that you dont pa,if that person is deceased you are still responsible.if you dont ,all non ppayments will go on your credit report
yes the car lot has all the rights because until the car is paid in full it is still titles to the car lot the impound lot will have to turn the car over to the repo man or repo man can file charges
What should you do if your car is reprosseessed you pay the bank fees after returning your car you find that it has been damaged?
File a claim with your insurance company. First call the bank and tell them what happened, they may have another idea.
go to eric sykes multiplotorium emporium of goods who will supply you with endless money due to his richness, he eats banks money for supper. nom nom nom.
Of course, at whatever the value of the proerty is...although they frequently have contracted with someone to handle selling all of the vehicles that they have to repossess, so they may refer you to them. And, frequently, the property has been sold very quickly (brought to auction) after they gai...
You have a caravan that has been voluntary handed back to the bank creditors do they have to by law achieve the maximum price?
If you mean the retail price, NO! They will sell the van for whatever they can get which is in essence the maximum price. The selling price must be resonable. You will then be responsible for the difference in the balance on the note and what they sell it for. You will also pay repossession fees....
Yes, unless the amount of the loan was covered by the insurance.
What will happen if I will going to sell a car that has been mortgage to the bank and sell it to other person?
I think U will arrested And put up in the jail or the person who buys ur car will have to pay the mortgage
Can you sue a mechanic if your car has been in the shop for over two months and they keep making promises to have it finished.?
Check all of your paperwork for disclaimers. If it's parts they're waiting for, they have no control over that. You just need to be patient. Now, if they're just holding your car hostage, that's a different story.Try to get a refund, then tow your car to a more trusted garage. If they won't bend,...
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If it drives, take it to the finance company and hand them the keys.
What if you have a vehicle that has been written off for non payment that has been sent to a collection agent?
When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract...
Can a credit union refuse to release title of a car that has already been paid for if the customer is late on another loan?
It depends on state laws, or if they wrote it into the second contract.
If you have a car that's too expensive for you to pay for can you turn it in for a cheaper car without paying any penalties?
NO, there will be a penalty in some form all the time for bad decisions. It could be higher interest rates, bigger down payments, ect., but there will be a penalty.
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
Is it illegal to have a learners permit and have someone that is 21 riding passenger that has been drinking?
It is not illegal to have a learner's permit, regardless of whom is riding where.But what I think you are really asking: Generally, the restrictions on a learner's permit require that a licensed driver above a certain age who is able to take control be in the vehicle. You'll have to check your st...
You will need to clear out all the muck and grime which could have been accumulated in the fuel tank, gas lines and even the intake manifold.
Is it possible to trade-in a car that is subjected to a repo for missed payments if you now have the money to pay those payments?
As a rule, ANYTHING is POSSIBLE. IF you are willing to pay the price. Dont make any false statements in writing.
The bank will sell yours at auction. Whatever they do not recoup, you owe the difference.
Bank will not repo your sons car it has been in your garage for over a year you have call them many times and they keep telling me that the repo man will show up?
How about giving it to your son to keep at his house?If he lives with you, let him drive it until the bank does repossess it.I would guess that is to the advantage of both of you.He still has a car to drive without borrowing yours.But certainly, if payments aren't made the repo man WILL come soon...
What happens if I cancel my car contract that financed for 5 years for personal reason and its been a year and a half that I have paying the fees?
A contract is a binding legal agreement, and you cannot cancel the contract. If you fail to make your payments on time they will repossess the vehicle. They will then sell the vehicle for whatever it will bring, and you will be required to pay the difference in the selling price of the vehicle an...
Once they repo the car, the lender will sell the car for whatever it will bring. You will then be responsible for the difference in what the car brings and the balance on the note. You may even be responsible for repossession fees, and your credit will be ruined for 7 years.
NO, street is public roadway maintained by your local municipality (county/city) you can have it removed by calling your local municipality as a nuisance complaint. if the car IS on your property you could. DO NOT MOVE the car to your property, moving the car more than 4 feet is considered grand ...
Remove plugs and squirt a small amount of Marvel Mystery oil into cylinders Install a new battery Drain and replace fuel Check oil
Does the bank have your current address and/or phone number? They will be calling on you.
Theoretically yes (though what the car is resold for is applied to the balance of the debt as a credit). However, lenders know their chances of getting that money are slim to none, because if you'd had the money you would have been making the car payments in the first place. So they tend to try t...
In the US licensed car dealers must disclose whether a car has a "salvage" title, which means an insurance company has decided that a damaged vehicle is a total loss -- in other words, not worth fixing.The damage could have been caused by many things other than an accident, such as flood damage, ...
Not much you can do with it. Drive it if it will run or call a wrecker compnay to come get it if it wont run.
if u drive on the road yes.
Rising petrol prices, oil wells drying out and less pollution of the environment.
Up to the lienholder but once you default they are entitled to the security and there are expenses involved as well to resell depending on who, amount, value of car and how far along they are in that process will decide it for them. Obviously they will cut their losses as much as they can.
I have a car that has not been moved in over a year with old gas in it. Do I just add more gas to it or is there an additive I can use?
fuel stabilizers only work when put in before storage. your best bet is to drain out the old fuel, there will be sediment in the tank and some of the fuel may be gel like so it is better not to let it run through the fuel system and into the engine.
Its a binding contract and after enough finance charges and slams to your credit Im pretty sure they would repo it? So I would say yes, considering you signed up to make payments on it they expect it and the Bank/Loan Agency Expects their money back in anyway
When it comes to accidents, it's a "don't ask, don't tell" policy.If you buy a used car and never ask the dealer about the history of the vehicle, he is not required to tell you.However, if you ask if the car has been in an accident, the dealer is now liable if he gives you wrong information.
Accept it. So long as you owe the bank money on that car, the bank owns it, and has a right to reclaim it.
The vehicle will be sold at auction, the proceeds will be applied to the loan and to the repo fees, then you will still be responsible for any remaining amount owed to the loan.
Can you be arrested for a felony by driving a car that the bank is going to repossess in Pennsylvania?
No. Repossession is a civil matter not a criminal one.
However, some states—roughly a third—still use jail as a method to coerce debtors to pay certain debts.Today, you cannot go to prison for failing to pay for a “civil debt” like a credit card, loan, or hospital bill.You can, however, be forced to go to jail if you don't pay your taxes or child sup...
You cannot simply return the car. You can voluntarily have it repossessed which is a horrible choice. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are establis...
If you are an honest person, YES
Yes, you have to pay the parking ticket, because it was your fault, you have to pay for the penalty, if you don't want your driving record or your personal credit score to be tainted.Pay that ticket for the peace of mind.If it is paid, your driving record is clear, it doesn't matter if you still ...
Yes because that is what it is.
Yes, if a leinholder reposessed a vehicle from a person that owes a debt. then that vehicle is taken to an auction and the person it was reposessed from must pay difference. If the amount owed is $12000 and the leinholder sells it at an auction for $8000 the previous owner must pay the $4000 diff...
Yes they can repossess everything that you got a loan for.
What do I do if someone I sold a car to after numerous phone calls has still not picked the car up and it's been over a year?
If he payed you I would try to contact him for a little longer. If not I would resell it. A year is a little long for something like that.
Do you have to keep making your car payments when the car isn't running and it's been put in storage?
yes you do unless you dont want it anymore.
If they have a judgment against you, small claims are good for 6 years and civil judgments are good for 10 years. Both can be renewed. Also, if they collected a payment, either voluntary or involuntary within 6 years of the last payment, that extends the statute of limitations another 6 years.
None. The police department has nothing to do with the repossession. The paperwork has to be filed with the court.
You hit the other car, so yes, you need to pay to have the other car fixed. Your insurance should do this. If not, it is out of your pocket.
Any used car bought better undergo an inspection by a trained mechanic. There are a slew of parts and systems that can go wrong simply if the car has been sitting for three years. Was it sitting in the sun or inside a shaded area? what is the condition of all the rubber parts, hoses, boots, belts...
Yes, of course. You will also lose your license, since you can not safely drive.Your insurance will.
The most common symptoms are 1) Difficult breathing 2) Confusion, don't know where you are even in your own home, 3) lethargy, 4) Rapid heartbeat 5) Elevated blood pressure, (this one you might not be aware of) 4) Lips turn blueish, [cyanosis] 5) Paralysis, can't move 6) slip in to coma ..and sin...
Should you return a used car that has been totaled to the lender if you still owe two payments on the loan?
Returning the car to the lender will not relieve the borrower of the legal responsibility to pay the debt. The balance of the loan and any additional fees is still owed on the vehicle and is valid and collectible.
If your car was towed while on public property, you can call 411 and ask for the number to the local police department.The plus side here is that when you call the police, you can find out if your car has really been towed, or worse, if its been stolen.
It depends on how long a "while" is. A few months is no problem, a few years and you will have fuel problems, battery problems, brake problems and cooling system hoses, belts, tires, etc problems.
Then you're still responsible for the car payments. If insurance doesn't cover the entire cost, then you have to make up for the remainder.
If a repo has been placed on your car but you pay for the car before they pick it up can they still pick it up?
Contact the lender they are the ones who call off the repo.
just take it back where you bought it and tell them you can not pay, but have a ride home with you
Yes. It is their job to take it and they will do it by force if needed. Better to be peaceful than risk the cops getting involved.
How bad is it if you have to put 3 cans of oil in a car and the oil has not been changed in a long time?
It just sounds like you need to go and have your oil changed. Your oil was just low. You should change your oil every 3,000 miles.
Even if your car is repossessed and later sold at auction, you might not be off the hook.If your car sold at auction for less than what you owed on the loan, you must still pay the remaining balance to your lender.If you do not make those payments, your creditor can sue you in court.
Bad idea!! This is called a voluntary repossession. Your credit will be ruined for 7 years, and you will still be responsible for the difference in what the bank sells the car for and the balance on the note. Go to the bank and sit down and work out new payments. Sell the car yourself and borrow ...
Private parties aren't required to collect sales tax when selling a used car, so you won't pay tax immediately if you buy a car from a private party out of state.Instead, you'll pay a sales or use tax when you register the vehicle in your home state.
ask a cop to run the license plate on their computer If it is still in your possession, it has not been stolen and anyone who files a police report saying it has been is commiting a crime. However, if it has already been repossessed and disappears from the storage lot, it HAS been stolen and the ...
If you have 10 days to settle with the bank can the tow company brake into your car and take personal items before that time is up because it has been 2 days and they did?
Sign a complaint with the police against the tow company and it's owners. They took your vehicle and depending on the state you can sue them for negligence in protecting your property.
You can get the Application for Disabled Person Parking Permit (Form HSMV 83039) by going to your local County Tax Collector's Office, License Plate Agency or printing the document online.There is no fee for a permanent parking permit, but there is a $15 fee for a temporary parking permit.
Can a person that makes 4500 dollars a month get a car loan even if he has only been on his job for 4 months?
Almost anyone can get a car loan. Question is, should you? My advice based on years of buying vehicles both new and used. Buy something you can pay cash for and leave the auto loans to the suckers. Once you save some more money, sell that car and move up, always paying cash. Never ever buy a bran...
I have never lived in Arizona but I am in car sales and am familiar with the law in Tennessee and Virginia and North Carolina I would imagine the law would be similar because of interstate commerce laws.If a car gets reposessed that has a balance on it from the leinholder the leinholder has a rep...
The institution that has a lien on the vehicle.
In my state yes. In my state yes.
No. All finance companies require you to carry full coverage, for their protection of the money they funded If you don't, they will buy it for you, send you the bill and/or add it in the monthly payment. If you do not make the full payment they will repossess the car. Your insurance will pay you ...
If you have a car loan can you switch that over to a different car and if so do you have to pay another downpayment and have your credit checked?
What are you planning on doing with the old car? Giving it back? The bank/lender won't take it back. Banks never do, and if it's a car dealership they will buy the car back from you at a very low price (i.e. black/bluebook price). I mean low compared to what you could sell the car for privately, ...
By car I assume you are referring to anything with wheels powered by some form of propulsion. If so, then the fastest recorded speed by a vehicle is the Thrust SSC which set a world record in 1997 of 763 mph. The record was set at the Black Rock Desert in Nevada, USA by a British pilot Andy Green.
If you are refusing to pay while you dispute the bill, the garage has the right to keep your vehicle until the debt is paid.If you make it clear that you are paying under protest, you will be able to get your car back, and it will be easier for you to dispute the cost and claim the money back later.
Normally it is called an Auto Loan if you are using the vehicle as collateral for the loan. But, you can use something else as collateral such as your home, in which case it would be a Home Equity loan.
Can a car dealer in South Carolina threaten your family to have you arreseted for not paying a car loan?
Sure They Can ! Call Your County Attorney, See How Fast They Stop Too.
If a car is in your name as the primary but your cosigner has been making payment for the last year and many of those payments have been paid late can you legally take that car from the cosigner?
Since the cosigners isn't paying, unless you start paying instead, and catch up on all late payments, the dealer or the bank will repossess the vehicle shortly anyway, so your question is moot.
You have mould on the seat of your car it has been in the garage for over a year what is the best way to clean them?
The best way to get rid of that is to buy some really powerful stain remover and get a pocketknife and scrape at it until it goes away. Then use a wool scrubber that you would use for dishes and scrub the hell out of it.
If a retailer promotes its store by avdertising a drawing for a free car is the car free because the winner pays zero for it?
The winner directly pays zero for it but the opportunity cost should be taken in to the account.The winner had forgone the one of the other brand of chocolate to buy this product. So this is not free.
Unfortunately, no they won't. If you hand your car back before making the final payment (installment) on the loan the bank will class you as a bad debt. This will mean that most high street banks will refuse you credit in the future. However, you may be accepted by 2nd tier finance companies but ...
Until your car loan is paid in full. Usually around 36 months, give or take.
Is it normal for water to leak from a car after the air conditioning has been in use? Yes, and it is water - providing it is clear water and doesn't smell like antifreeze.It isn't coming from your engine cooling system.It is water condensation draining from your air conditioning system.
The car will not be ready for use so you have to warm up the engine or just ride it often
The vehicle can be repossessed.
Sell it and pay your lender!
Yes a GMAC auto financing loan enables customers to buy their car in a more flexible and user friendly way than a regular car bank loan. Interest rates are lower so it should be more affordable.
It would usually be cheaper and more ideal to get your loan from a credit union, but this can change, depending on your credit score! The second best would be getting your loan from a loan shark.
If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to ...
Why is it more difficult to push a stalled car from rest that to keep it in motion once it has started to run?
It's based on Newton's first law of Motion: a body at rest will stay at rest, until acted upon by an outside force. A vehicle that is stopped is harder to move, because you have to overcome its inclination to remain stationary. Once the vehicle has begun to move, you add your influence to the veh...
Fresh fully charged battery and fresh gasoline
The exact answer will vary by state. Each state has its own rules. You should be aware that when the repossession is ordered, the car is not yours any longer. They are asking for their car to be handed over.The repo man cannot (in most states) cut fences, break locks, open garages, threaten or ha...