Most likely not depending on what financial situation you're in.
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
YES, you pay all the loan amount, sooner or later.
Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
Paying off what still owed on the loan is a GREAT start.
Most likely not depending on what financial situation you're in.
The vehicle can be repossessed.
Not sure of your question. Do you mean do you still owe after the car is repossessed? Or do you mean do you have to pay off a loan to buy a repossessed vehicle? It depends on the state you are in, contact the lender.
If it is repossessed, you will owe the difference between the loan amount and what they sell the vehicle for.
When you don't make regular payments, your car will repossessed. Now if you had an upside down loan, you will still owe the lender.
yes. When a vehicle is repossessed by the bank it doesn't mean that you stop making payments. You are still liable for the loan.
Yes. If you signed the loan, you are still legally responsible for it.
YES, you pay all the loan amount, sooner or later.
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.
Yes, your car can be repossessed if the title loan is in collections. Actually, this is one of the most common ways for a defaulted title loan to be settled.
Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.
Paying off what still owed on the loan is a GREAT start.