repossessed car
Question Details: insurance check sent to owner of repossessed vehicle, what happens if the owner uses the money to get another car
Are you an attorney? Sign up to answer this question.
Legal Answers Categories
Insurance Law Law Answers
I am a lawyer in CT and practice in this area of the law. The creditor that repossesed the car is still going to come after the owner for the balance of the money due on the loan for defaulting. If the owner buys a new car, the new car will not be subject to being taken if the car is the primary vehicle used by the owner.
Related Insurance Law Questions
Didn't find your answer? Ask.
Top Ranking Attorneys
- Hong Shen206 Answers|Points 10300Gold Contributor
- Joseph Gasparrini46 Answers|Points 2200Bronze Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga76 Answers|Points 3750Silver Contributor
- Shawn Jackson17 Answers|Points 850Bronze Contributor
- Glenn M. Lyon, Esq.26 Answers|Points 1280Bronze Contributor
- Hong Shen206 Answers|Points 10300Gold Contributor
- Kelly Broadbent81 Answers|Points 4000Silver Contributor
- Russ Pietryga76 Answers|Points 3750Silver Contributor
- Sharon Siegel62 Answers|Points 3090Bronze Contributor
- Michael D. Siegel56 Answers|Points 2750Bronze Contributor
- Paula McGill50 Answers|Points 2500Bronze Contributor
Are you a lawyer?Want to be featured here? Sign up for a free profile and get started today! Click Here
More Questions Like This...
 |