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Do you still owe money if the lender sells your repossessed vehicle for more than owed?

In most cases, yes. When a lender repossesses a vehicle, they have the right to sell it in order to recoup the amount of money that you owe on the loan. If the vehicle sells for more than the amount that you owe, the lender will be required to return the excess funds to you. However, there may be some costs associated with the repossession and sale of the vehicle that will be deducted from the proceeds of the sale, such as towing and storage fees. If the proceeds of the sale are not enough to cover the amount that you owe on the loan, you will still be responsible for the remaining balance.
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