Can a buy here pay here car lot repossess your car and not want a payment and not want to give your car back?

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This depends on the contract. Many contracts allow them to demand full payment if you are even one day late. You then usually have 10 days or so to pay the entire thing off or they repossess. Once they repossess it they have given up on you as trustworthy and are not obligated (as far as I know) to let you get back into the same loan. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor
It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car
In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car
Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency
A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.
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What is the minimum FICO score needed to get a car loan at a dealership as opposed to a 'Buy-here-pay-here' lot?

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If the bank repossess your car do you still have to pay your car payments?

NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance (MORE)

Can a car dealership at a 'buy here pay here' lot put a warrant out on you for a stolen vehicle if you missed a payment?

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What could a 'buy here pay here' auto dealer do if you just take the car back?

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Can you be sued for a car you bought from a buy here pay here lot that you called them and told them to pick the car up because you could no longer afford the payments?

You bet you can. . \nThis is called defaulting on a loan. You will pay in the end. You will pay the difference in what they sell the car for and what you owe on the vehicle. And believe me they don't care what they sell the car for. Why should they as they know you are going to pay the difference (MORE)

You bought your car in Tennessee it was financed at a buy here pay here you moved out of sate without notifying them and im behind on payments can you get in trouble?

You Bet You Can! . You probably already are. I am sure they are looking for their car or their money. It is part their car until you make that last payment. They have a legal lien on that vehicle until you pay off the loan. Do not make a bad situation worse by not doing anything. Contact them and (MORE)

How long does a buy here pay here take to get a car repossessed?

Answer . Every company is different..collections start the minute a payment goes past due. Usually the repo starts after 3 pmts are due maybe sooner if there are no communications with the customer or maybe later if someone has managed to stall off the repo.

How long after you dont pay your car payment is a car repossessed?

Answer . Depends on the contract you signed with the lender. Read your contract. The lender does not want to repossess your car. Contact the lender immediately and work this out. The worse thing you can do is not do anything. Let your car be repossessed and you will ruin your credit for 7 years (MORE)

Who sings if you want it here it is come and get it on a current car commercial?

Originally written and performed by Paul McCartney in a 1969 demo made at Abbey Road Studios and later recorded by Apple Records band Badfinger for a film called The Magic Christian. McCartney had contracted to produce three songs for the film and hired Badfinger (then called The Iveys) to record (MORE)

What if you decide not to buy car and want down payment back?

The best thing to do is go to the dealership ASAP and tell themthat you do not want the car, If they deny you A refund try to getsomething in writing to show that you were there and the time anddate. Then ask an atorney if you have any grounds. You will likelybe charged A usage fee for the car.

Can a buy here pay here put a repossession on your credit report in the state of Florida if you have not had the car over 3 months?

If they repossessed the car, you bet they can. It makes no difference how long you had the car. You failed to make your payments and the car was repossessed, so this will go on all 3 credit reports for 7 years.. When you finance or lease a vehicle, your creditor holds important rights on the vehicl (MORE)

Can you take a buy here pay here car out of state?

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What if your car is repossessed and your cosigner doesnt want you to get it back?

You are in control of this situation. But the cosigner has a vested insterest in this situation.. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by (MORE)

What is the law for car repossession for a used car at a buy here pay here dealership?

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Can a buy here pay here car dealer charge you interest?

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Can a buy here pay here car be repossessed?

Even though it is a buy here pay here dealer it is in the contract you signed. You dont pay they will take your car and you WILL have to pay the late payments on top of the repo cost before you get your car returned.

WHEN you go to a Buy here pay here car dealerships that does not do credit checks if you skip payments and they reposses the car does that go on your credit record?

If a contract was signed, then they have the legal right to come after you for any deficiency after they resell the vehicle, any monies from that sale will be then be applied to your balance you may have, what ever is left over is the deficiency. They may choose to place it with a collection agency (MORE)

If you take a car back to a buy here pay here do you still have to pay the balance?

Yes, of course. Read your contract. A BHPH lot offers alternative financing to people who can't get financing otherwise. The terms are the same as any standard financing agreement. Bringing a car back, whether voluntarily or involuntraily is still a REPO. So, the dealer has the option to sell your r (MORE)

Can a buy here pay here car lot repo after 7 days late?

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Does car lot have to give back personal items in car from repossessed car?

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