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If you payed for your car, and are the rightful owner, you make payments until until you've payed off for the car.
However, by law your required to have insurance, so that should cover some of the cost.
If you are leasing, you must pay the price of the car to buy a new one, same model, same year, same custom parts.
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∙ 14y ago
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Is it illegal to take a car out of state when you are still making payments on it?
Not as long as you continue to make payments on it.
Do you still make lease payments although the lease vehicle was totaled?
I was sued by my lease company eventhough my vehicle was totaled for not paying. I'm no expert but if I were you then I would because they have no hearts.
Is it illegal to sell a car when your still making payments on finance?
No its perfectly legal and if you are still making payments on it, that increases values.
If you own your car or house and are no longer making payments should you still have insurance on them?
If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.
Am you considered a homeowner if you are still making mortgage payments?
Yes
If your car is in the shop but you are still making payments can they repo the car?
Not as long as the payments are current and have remained so.
A temporary postponement of payments or making smaller payments while interest is still accruing is called?
deferment
If the bank repossess your car do you still have to pay your car payments?
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
What if the spouse dies and there is still a lien on the house but both parties signed the mortgage?
Most lenders will allow you to continue to make the payments as the loan is. Some may modify the loan. As long as you can continue the payments, you will be ok.
Car is totaled but still owe?
If you've got full coverage insurance, make a claim. They should take over payments. You'll be car-less, but won't owe anymore.
What can you do if your car blows up while you are still making payments and you can't afford to make those payments and buy another car?
Depends on what you mean by
If a car is repossessed and you agree to make some kind of payments ever month will they still list it on your credit as a repo?
Yes but it will also list that you are making payments!
