It's an old debt. There was a judgement so they took my car to be auctioned. What will my current finance company do about the car? Will they get it at auction? Pay the fees and bill me? HELP!
2007-10-27 06:03:00 · 3 answers · asked by seanb2020 2 in Business & Finance ➔ Other - Business & Finance
The third party wants the equity in the car.
The finance company doesn't really want it to go to auction do they? Won't they help me before it goes that far?
2007-10-27 06:25:25 · update #1
I don't understand how a third party could take the car, since you technically did not own it.
If it's really true, the finance company will want you to keep making the payments as though you still had the car. I doubt they will get it at auction.
.
2007-10-27 06:10:44 · answer #1 · answered by Kacky 7 · 0⤊ 0⤋
NO the only ingredient they might take is what they have a lien against. If no person else's call is on the identify, however the registered proprietor, than there are no longer any liens against that motor vehicle and no-you will touch it... now, the police officers might desire to nevertheless impound it for some site visitors offense, yet, this is a different rely.
2016-10-14 05:07:28 · answer #2 · answered by trapani 4 · 0⤊ 0⤋
You still owe the finance company the full amount of that loan. They won't buy it.
2007-10-27 06:17:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋