I live in Colorado and the Lender is in California
2007-02-16 16:52:41 · 5 answers · asked by kook 3 in Cars & Transportation ➔ Buying & Selling
thay will sell it at the auction if it sells below what you payoff is thay will bill you the rest if you dont pay that court will decide
2007-02-16 16:58:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
That could happen. The lender will repo your car, sell it at an auction, and if they don't get the amount you owe, they will bill you for the difference...and can garnish your wages if not paid. If you don't owe that much, they will probably get more than what you owe, and it is all theirs!! You won't get any refund...but you will get a very bad credit rating in the process. Is it worth all that??
2007-02-17 01:27:47 · answer #2 · answered by just me 6 · 0⤊ 0⤋
what they will actually do is sell it at auction or to another dealer,and if there's any difference left they,ll bill you for it,or put it against your credit as bad unpaid debt,you,ll put the screws to your self if you choose to let them re-po it id try and sell it or anything before i let them re-po it,good luck i hope this help,s.
2007-02-16 17:04:56 · answer #3 · answered by dodge man 7 · 0⤊ 0⤋
maybe depending on the price of the car if its like 20,000
or more they probably will seek a court judgement against you.
2007-02-16 17:01:48 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes. But that would be the least of your worries. It would also ruin your credit rating.
2007-02-16 17:00:46 · answer #5 · answered by Pixie 7 · 0⤊ 0⤋