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If you let your car go back do you still have to pat remainder of of balance?
Wiki User
∙ 18y ago
Yes
Wiki User
∙ 18y ago
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Are you still responsible to pay off the remainder of your car balance once it is repossessed?
YES. Read your contract.
Can you sell a car your making payments on?
Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.Yes you can, however you still must pay back the balance of what you still owe.
When you give a car back to the bank will you still be held responsible for the balance of the loan?
Yes.
In Florida when a car is repossessed do you still have to pay for it?
The vehicle will be sold. That amount will be applied to your balance. You will be responsible for the remainder owed along with any fees associated with the legal aspects etc
Can I trade in my car when there is a loan balance?
You can trade your car in, however the loan balance must still be satisfied.
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.
If you give back a car on credit does this end the agreement?
IT DEPENDS ON THE BALANCE OWING ON THE CAR,THE RULES OF YOUR CONTRACT AND THE CONDITION OF THE CAR RETURNED. MOST FINANCIAL INSTITUTIONS WILL AUCTION THE VECHILE AND PLACE ANY MONIES RECEIVED FROM THE SALE TOWARDS THE BALANCE OWING. IF THER IS STILL AN AMOUNT OWING, YOU ARE STILL LIABLE TO PAY THAT AMOUNT.
Why auto have engine at the back?
overall balance of the car
Can you still pay off the balance due on an expired car loan?
Anytime there is a balance due, you can pay off that balance.
Can a primary signer of a car loan voluntarly repo a car without the cosigners permission?
More than likely, however you will still end up owing a balance on the car and the primary signer and co signer will still be responsible for the balance.
If you let the lender keep your car and they resell it are you still responsible for the remaining balance?
Read your contract. In 99% of the repos , YES, you still owe the balance due.
What happens if you part out a financed car?
You still owe the finance company the balance owed.
