32.647% of cars in Canada are actually paid off.
Can they repossess your car if you’ve paid for 70 percent of it?
In some states if you don’t pay, you lose it. .
In Mississippi, after the bank sells it, they cannot make aprofit. They have to send you what’s left. .
Not ALL lenders have to comeback the overage. Some only have toreturn 85%. .
Yes, they can still repossess your car, but in most states, ifyou have paid over 65% of the balance of the loan and the originalbalance was under $Five,400.00, they can’t sue you for the deficencybalance. Most finance companies, if the vehicle is of any value,will repossess it and resell it to recover any losses they mayhave.
If a car was repossessed and the loan was instantaneously paid off how do you get the repossession off of your credit report?
What happens if you unknowingly bought a car that had a loan on it and the loan is not paid off can they repossess the car?
YES, they can. The person who sold the car can be charged with selling mortaged property(felony in most states).You will be out your money. best to take the car back to the seller and getyour money back while you have a chance..
Can your car be repossessed when you have paid off the loan but have not received the title?
Most states have a law that requires that the title be sent within Trio, Ten or 30 days of final payment being made. The law usually doesn’t have much in the way of teeth, so you may need to remind the lending institution that the loan has been paid and that you want the title. After you have requested the title the lending institution may be in default and you may have recourse, depending again on your state and the laws that regulate title loans.
If you get in a crash and you have PLPD and the crash is not your fault does your car get paid off?
No, you will only be paid the value of the vehicle. If you are “upside-down” in the loan you will be out the difference inbetween what the vehicle is worth and the loan payoff. If you owe LESS than the vehicle is worth, you will get a little in your pocket when the deal is done.
Can you sell your car before the loan is paid off?
If a car is repossessed does the loan still have to be paid off?
If your car was repossessed and you paid the loan off do you get the title?
If your car was paid off, then why was it repoed? Or if you mean you paid it off after it was repoed, then if the loan company accepted your money,then they have to give you the car and title back. I would call them and get it back or your money back.
How do I get a fresh title on a car that has a previous lien paid off?
You don’t need a fresh title. You just need a Lien Release. Contact the lender and ask for a lien release, and keep it with the title.
Can a person be sued if the cosigner for your car paid the car off without your skill then told you after it was paid off?
Muddled question…who is “the person”? If you mean if your co-signer paid the loan (very likely when you failed to do so as you were supposed to)….which is what the cosigner should do..indeed must do by law… and truly why it was required for you to have a cosigner — (because it was thought you might not honor your agreement and someone responsible was needed)….as the cosigner had to act on your behalf because of your failure to do what you promised to everyone when taking the loan…(for whatever reason you think you have…but who cares), sure they can sue you…and will more than likely win….with any extra costs they incur for having to sue you to recover their outlay in doing what they had to do, most likely I’ll bet because YOU ASKED them to be your so-signer! And if the co-signer, or anyone, paid off your loan for any reason..why do you think you wouldn’t owe them? YOU BENEFITED.
How do you report a paid off car loan if company did not report?
You need to obtain a copy of the letter stating that the loan id paid in utter and just display that to them. If they are still telling you that nothing was reported pull a copy of your credit report to be on the safe side. If nothing’s on your credit credit and it is still holding you back from getting something else that requires your credit to be checked than contact the Credit agency.
Can a car be sold if the loan is not paid off?
When a car is paid off can you refinance your car again?
How do you trade in a car that’s paid off?
Also, Make sure the numbers match, There is nothing that the dealership will add that you have to pay. Don’t fall for gimmicks.
Can you exchange a car bought in a dealership but has not been paid off?
How do you trade in a car that is not paid off?
How do you sell a car that is not paid off yet private party?
If you are in a car accident and the car is totaled does your car loan get paid off through insurance?
Used cars sold as is paid off can you take it back?
Can i take a loan against my car that is paid off?
Many credit unions and petite banks will suggest a secured loan for a vehicle that does not have a lien. Expect to pay higher interest for this type of loan..
Do you get interest paid back from the bank on a car loan that was totaled and paid off early?
How do you get a title to a car that was paid off?
What if Car is paid off during bankruptcy?
If a car is repossessed does the car loan have to be paid off?
Car has been paid off when or who do you talk to about getting it?
How long does it take to get a car title after the car is paid off?
I am filing bankruptcy will they take my car if it’s paid off?
What happens to your paid off car after filing bankruptcy?
Can i trade a car with a private seller even tho’ my car is not paid off?
You borrowed 9000 to buy a fresh car you paid 1800 backwhat percent is paid off?
If your car is paid off can it be taken if your house is foreclosed?
If you paid off the charged off auto loan can you get the title for the car?
Does a cosigner have rights to the car even when its paid off?
Can you trade in a car that’s not paid off and not co sign for another car?
If your father dies is his car paid off?
Will a dealership buy a car if it is already paid off and there is no intention to purchase a car from their dealership?
What kind of lien can be placed on car that is paid off?