Big mistake. Your husband is a man of no honor. He just defaulted on the loan agreement he made with the lender, and broke his word. He deliberately sold a car he did not fully own, and is trying to steal the balance of the money owed to the lender. They will catch the mistake and seek a judgment against him for the balance on the loan plus interest, sooner or later. This will be over your heads until that happens. I would contact the lender and make this right.
-----> Actually, your husband as every right to sell the vehicle or do whatever he wants to do with it. As long as the title says he is the owner and there are ZERO liens on the vehicle, your husband has free reign over the vehicle. HOWEVER, he is still obligated to fulfill his loan repayment. I just dealt with something kind of similar. My creditor tried to REPOSSESS my car which I had a clear title for. My lawyer got a hold of their legal division. Lawyer told them because they are no longer affiliated with this vehicle, taking it from me without my consent as collateral to a debt I owe them is GRAND THEFT AUTO and LARCENY. They quickly brought the vehicle back to me. BUT YOUR HUSBAND STILL OWES THE MONEY. He can't get away from that.
Contact finance company
Only if you stopped making payments and are behind on your on your payments.
Yes, with the agreement of the finance company.
No its perfectly legal and if you are still making payments on it, that increases values.
Finance means you take out a loan to pay for the vehicle, then you make regular payments to repay the loan.
Perhaps your loan has been paid in full. Otherwise, call them and ask why they returned your payments.
just the same as any finance contract will make the payments=good dont make the payments=bad
If there is a 5.99 percent finance charge on a loan of $29,400, there is no way to know what the payments will be if the loan repayment time is not stated. Interest is compounded on the unpaid balance. If a person has a 10 year repayment plan the payments would be around $400 at the lowest estimate.
It is better to finance an auto purchase with a high down-payment and a low monthly payment, because it is less likely for you to fall behind on your payments and acquire debt.
Of course, finance companies are not in the used car business, they are in the collect payments business... give them what they want and you get what you want.
The Western Union City Code for Chase Auto Finance payments is ChaseAuto-NY.