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ya if you really want to bury yourself there are company's that will pay off your trade no matter what you owe but if you cant make your payment now most likely they'll be alot higher they just add your payoff to the new loan so you really pay for boyh.
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∙ 15y ago
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If you have a car repo can you own another car?
Yes.
Can you trade in car before repo?
If the repo-man is looking for your vehicle, you do not own the vehicle yet. If you take the vehicle in for trade-in, they will have to contact the person who owns the vehicle to get permission to trade it (meaning whoever loaned you the money). Whoever they call is bound to mention that they are in the process of repossessing your vehicle. In alot of cases you need ownership of the vehicle and only a title can prove that to trade in a car.
Can you register another car after your car was repossesd?
Yes. Repo is a civil matter.
Will someone drive by first to take pictures before they repo a car?
Perhaps, it depends on the repo company's policy.
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.
Run with car before repo consequinces?
That is the old repo avoidance game so long as you don't sell it and you manage to hide it, you are still driving it. However the repo boys will catch up with you. They are good at it.
If your stepdaughter has defaulted on her car loan which is in your name solely and she is in TX and you are in NC and the car is financed in MS how can you easily repo her car from so far away?
You buck up and make the payments to aviod a repo on your credit. You can probably look into a repo company where she is living, and hire them to get your car back. Another is take matters into your own hand and just go and get the vehicle yourself.
If you bought a car in Virginia and can no longer afford it can you do a voluntary repo and not have your wages garnished?
A repo is a repo, voluntary or not. Do not do a voluntary repo or any other repo. Terrible idea!!! Call the lender and work something out. See if you can find someone to take over the payments or possible sell the car to another part and pay off the loan. If you are upside down on the loan, then sell the car and borrow the balance to pay it off. Having your car reposed is a very bad idea. Your credit will be ruined for 7 years. You will also have the pay the difference in what the lender sells your car for and the balance on the note, plus repo fees. Do whatever it takes to prevent this from happening. I can assure you the lender does not want to repo your car. Call them!!!!
Can a car be sold to a dealership for another car?
Yes. It is called a trade in.
Can a lender stop you from register a new car if another car is in repo status in Florida?
yes they can stop you , you need to return the car back to the lender in other for you to register a new car.
Can you trade in car your if it wont start for another?
Sure you can trade it in. You will get the wholesale price of what it is worth in trade. Now if you are referring to a new car you bought and you want to return it for another car, the answer is no & yes. You can trade it in but the same thing applies. It is now a used car and you will get that used car price. Just let them repair it under the warranty.
If the lienholder repos car due to default and you never missed a payment and continue paying off car is that no different than a regular repo?
When it gets to your CR, a repo is a repo is a repo. Theres only one.
