Seizing the car; Normally, your creditor has legal authority to seize your vehicle as soon as you "default" on your loan. What constitutes default will be stated in your contract, but failure to make a payment on time would certainly be an example.
www.carreonandassociates.com/articles/reposession.htm www.carreonandassociates.com/articles/reposession.htm
; What do you do when the bank tells you they will cancel your arranged payment on a car loan account? ... ; What happens to a car loan if the borrower dies?
wiki.answers.com/Q/FAQ/1758
I am considering leasing a very low payment vehicle and defaulting on a very high payment vehickle that I am purchasing. will the car dealership sue me, hit my credit etc?
http://wiki.answers.com/Q/What_happens_when_you_default...
Legal Help For Auto Loans and Repossession. What Happens After You Default On A Car Loan? ... Cosigner's Remedies After Default on a Car Loan Auto Loans and Repossession 04-18-2005 12:19 AM...
www.expertlaw.com/forums/archive/index.php/t-6880.html
Legal Help For Auto Loans and Repossession. Cosigner's Remedies After Default on a Car Loan ... Unfortunately, my 2 current cars are fairly new, and are both still considerably upside-down on their loan to value raitios, as is the repossessed car, so trying to trade in ... Default on Mortgage Loan Foreclosure 12-06-2005 05:50 PM...
www.expertlaw.com/forums/archive/index.php/t-808.html
What happens if I give the car back to the dealership and tell them I can't afford it anymore ? ... Very likely. They will take the car and sell it. They will likely get less than the amount still owed on your loan, so they may well sue you for any difference. Can you sell the car by having someone take over the payments?
www.legalspring.com/articles/misc-legal-moderated/20030... www.legalspring.com/articles/misc-legal-moderated/20030909/0_Re--What-happens-if.html
Since your car loan is probably the second biggest financial decision you make, next to a mortgage, it is really important you do what you can to prevent a default notice and a visit from the repo man. ... By having a month’s jump on paying your loan, ... What Happens When You Cannot Make Your Monthly Credit Card Debt Payments?
www.americanconsumernews.com/2009/03/dont-default-on-yo... www.americanconsumernews.com/2009/03/dont-default-on-your-car-loan-%E2%80%93-heres-what-you-can-do.html
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Control your spending habits so you don't default on a car loan. You should have a part of your budget dedicated to general spending and never exceed it. ... What Happens If I Default on Credit Cards?
www.ehow.com/how_2082500_default-car-loan.html www.ehow.com/how_2082500_default-car-loan.html
If you have any life insurance or an estate of any kind, that would be responsible to pay the car off. They would only come repossess it if they no longer were getting payments.
http://answers.yahoo.com/question/index?qid=20090126055...