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If you volunteer a repossession do you have to pay off your car loan?In: Repossession
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YES, you have to pay off the loan. You have agreed to pay the lender X number of dollars for X number of months in return for letting you use X number of dollars to buy a car. Once the car is sold, the sale price is deducted from the balance due and you still owe that amount.
First answer by Anonymous. Last edit by roosta. Question popularity: 41 [recommend question].
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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Debt and Bankruptcy > Debt Collection > Repossession > If you volunteer a repossession do you have to pay off your car loan?
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Auto volunteer repossession? What is volunteer repossession? Can you do a volunteer car repossession? Do you have to pay off the entire car cost? What happens if you do a volunteer repossession? If you volunteer repossession do you have to pay off your loan? If you volunteer your vehicle repossession what fees are you still accountabe for? If you have had a care repossessed because of bankrupsty do you need to pay the car off? What happens if you volunteer repossession a car in washington and owe more than it is worth?
