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When a car is repossessed are you still responsible if is involved in an accident?
Wiki User
∙ 10y ago
Once the agent takes possession of the vehicle, they are responsible for any damages which occur.
Wiki User
∙ 10y ago
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If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?
Yes. If you signed the loan, you are still legally responsible for it.
Can you still be contacted after an accident if there was no police involved?
yes
Are you still responsible to pay off the remainder of your car balance once it is repossessed?
YES. Read your contract.
You lied to the rental agency about driving the rental yourself and it was involved in an accident?
It would depend on the state the accident was in. State laws would determine who is responsible. in California the renter is responsible regardless of fault. Also if you accept the LDW (Loss Damage Waiver) and you violate the contract the LDW/CDW is void. So if an unauthorized driver was driving the car and got into an accident, the renter would still be responsible.
If you voluntarily let your car be repossessed by the lender do you still have to pay on the loan?
Yes! It will still be listed on your credit report as a voluntary return and you will still be responsible for the cost
Can you still owe money after your motorhome is repossessed?
Absolutely. When an item is repossessed, it's typically auctioned off. The person who the property was repossessed from is still responsible for the difference between what the final auction price was and what the amount owed at the time of repossession was. Additionally, repossession, storage, and transportation costs will be added to the amount owed.
Is the driver responsible if an accident happens while backing up?
everything can happen with everybody. you can be as smart or as responsible as you want but still you're still human being!
If your car is repossessed do you still have to pay for 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.
If an uninsured driver wrecks the car of an insured driver is the uninsured driver still responsible?
If the accident was caused by the uninsured driver than the uninsured driver is definitely still responsible.
You have no car insurance and are involved in an accident that is not your fault does their insurance still pay for damages to your vehicle?
yes
If your new car was declared a total loss in an accident are you still responsible for paying the finance charges?
Yes if the amount your insurance company paid did not cover the amount you still owed on the car. You are still responsible for the difference.
Is a drunk driver always at fault in an accident?
No, but if involved in an accident, even when not at fault, the drunk driver would still be guilty of, and could be charged with, DUI.
