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What happens when 2008 car is repoed?

Updated: 9/14/2023
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15y ago

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You will have a certain amount of time to bring the loan current and get your car back. Otherwise it will be auctioned off, if you are lucky enough and the car auctions for at least what you owe on it, you will only have to deal the with scar of a reposession on your credit. If it sells for less that what you still owe on the loan, you are responsible for paying that back.

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15y ago
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Q: What happens when 2008 car is repoed?
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Related questions

What happens when a car is going to be reposessed but it is moved to another state?

it's still repoed it just takes a little longer


Can you get your wheels back if car was repoed?

No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.


My car was repoed can i file bankrupt and get it back?

NO.


What if you are getting your car repoed but you dont have the car?

Then tell the Repossession agents where it is and who has it.


What will happen to you if the repo man comes to get your car while you're traveling out of state?

1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.


If your car is repoed can they charge you to get back you personal belongings?

no


How late can you be before a car is repoed?

3 months


Do repo papers have to be shown when your car is being repoed?

no


If a car is repoed can they repo your new car?

If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).


What if your cosigner died and your car was repoed can you get it back without paying the price of the car?

NO


What happens if your car has been repoed after filing Chapter 13 - weeks after?

Contact your Bankruptsy Attorney. Tell him/her what has happened. They will be able to best advise you what avenue to pursue.


Can they put you in jail if they repo your car?

NO, not for just being repoed.