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Where can I find books about selling cars?
You lose the car AND the moneyThe institution where you had the loan will send you a bill for the payoff.
Yeah, not only will they bill you, but you will have a huge black mark on your credit report for a repossession. And they don't play about wanting the money asap. Also, they may charge you the auction fees, the transfer fees, etc.
Best price for 2007 Infiniti G35 Sport with Nav,Prem, and Tech packages?
you are still responsible for paying for it.. and if you don't they will sue you.whomevers name is on the title is who they sue and if there is a co-signer then if you don't pay they go after them.. here's how it works. they take it back or repo it either way they take possession. they take it to a car auction and if it does not sell for what you owe on it you a liable for the remainder of the loan. they hire lawyers. plus court cost and add interest believe me it adds up. i went from owing 8400.00 by the time they added court cost lawyer and everything else they wanted to i owed them 14,500.00 and it isn't worth ruining your credit if there is anyway you can keep paying for.. it may take them a year or two to sue you but yes my friend they do get you eventually. been there done that!Is it better to make a large purchase like $10,000 and pay cash/or should i finance instead?
You get screwed!More Questions & Answers ...
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