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The difference between what you owe on your contract plus certain expenses and what your lender gets for selling the car is called a deficiency.

In most states, your lender can sue you for a deficiency judgment to collect the balance owed, as long as it followed the check credit score online for free for repossession and sale. Search Terms. Shopping and Donating. Buying and Owning a Car. September Return to top. It appears your web browser is not using JavaScript.