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If you paid the remaining balance and recovered your vehicle but the repo man busted the steering column can you get the lender to cover the repair?
Wiki User
∙ 8y ago
IF the lender wont get it fixed asap. call a local attorney.
Wiki User
∙ 8y ago
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What steering technique is best suited for maintaining vehicle balance?
Hand to hand
What steering method is recommended to maintain vehicle balance?
hand over hand
What if the company that repoed your vehicle sells it for less than you owe?
They will look to you for the remaining balance
Why does the steering shake on my 2003 Ford Focus zx3?
Most shaking in the steering wheel on ANY vehicle is caused by balance problems. The tire can be out of balance, the wheel can be bent or the axle (half-shaft) can be damaged and out of balance.
How does the remaining balance in a vehicle repossession case get solved?
Once the vehicle is repoed, if it is not redeemed, the vehicle is sold at auction. This purchase price is applied to the debt. The problem is, the repossession procedure can add much more to the balance owed. So, there is likely to be a remaining balance, and it could be higher than was originally owed on the loan before the vehicle was repoed. In cases where a balance remains, the lender may decide to take legal action and sue the borrower.
What happens when you can't pay the remaining balance of a voluntary return?
The lender will sell the vehicle and you are responsible for the deficency. They will sue you for the balance left on the loan after the sale of the vehicle. The court will order you to pay and they can garnishee your wages.
Where do you stand if repossessed truck is sold for less then the loan?
You are responsible for the remaining balance of what the vehicle sells for and what you owed when it was repo'd.
What are The symptoms of a wheel that is out of balance?
A shake in the steering wheel or car itself which occurs and/or increases as vehicle speed increases.
What happens to a vehicle when a balance of 447.00 is left owed on it and it is being sent to recovery service for collections will they work with you on the remaining balance?
In the world of bad debt, everything is negotiable.
If a car is repossed you do you still pay the reminder of balance?
When a vehicle is repossessed, it is usually put up for auction. If the monies recovered from the auction is not enough to cover the outstanding balance on the loan, the person the vehicle was repossessed from is expected to pay the difference. It's a bummer, but that's how it goes.
Does gap insurance cover a repossession?
Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.
If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?
Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.
