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Can a vehicle be repossessed if the title has no security interest on it but you used the vehicle to get the loan but never gave them the title?
Wiki User
∙ 12y ago
a lien can be placed on a title without you giving them the title. call your states DMV and ask if you car has a lien on it. I think you will be surprised. Good Luck
Wiki User
∙ 12y ago
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Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?
Loan and security will always be active against the vehicle. It never goes away until paid or repossessed. Yes, the collateral may be repossessed at any time.
On average what is the quality of most repossessed vehicles?
The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.
Can a vehicle get repossessed if your first payment is 15 days late?
Read the fine print of your contract carefully. I have never heard of a vehicle leasing/purchasing contract NOT having a first payment default clause.
Can you go get your car after it's been repossessed if you know were it's parked?
Absolutely NOT! The vehicle legally belongs to the lien holder and any person who tries to recover said vehicle via self-help can be charged with Grand Theft Auto. NEVER, NEVER, NEVER attempt such an action.
Can a car be repossessed if the lenders name is not on the pink slip and it was sold to another party?
Who cares? Let the lender repo it, then sue 'em. File charges for stealing the car. Really, why would a lender even think they can repo a car that they have NO security interest in? especially if they never loaned any money on the car?
Will a dealer allow you to use a car that should have been repossessed but was never picked up as a trade-in?
If you cannot produce a "clean title", you cannot sell or trade the vehicle.
What can you do if you are missing work tools from a repossessed car?
While you are entitled to your personal property that was in the vehicle, the simple fact is that if you can't prove the tools were there you'll probably never see them again.
If you have never had a car repossessed you have had a house repossessed Can I still get a car loan?
Most likely not depending on what financial situation you're in.
Can your leased car be repossessed because of no insurance even if you are up to date with your payments?
If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.
Can a car dealer resell a repossesed car in Illinois?
When cars are financed, they're usually financed by a bank or some other type of lender. Once the car is repossessed, and the person it's repossessed from fails to recover the vehicle, the vehicle is sold at auction. Dealers attend these auctions, and bid on those cars. Once they've placed a winning bid and paid for the vehicle, it's theirs to sell. Now, if a dealer is the one who financed the car, they'll be the ones to repossess it. Once they've determined the person it was repossessed from isn't recovering the vehicle, they have every right to sell it. Hate to break it to you if this was your car, but it was never yours - so long as there's a lien on that vehicle, the lien holder is the rightful owner of the vehicle. Once they've given up on you reclaiming and making further payments on that vehicle, they can do whatever they want with it - because it belongs to them, and always had, from the moment they became the lienholder.
I havent made a payment in 6 months and i never registerd car have you broken any criminal law in Virginia?
Not paying is a violation of civil law and you could be brought to collections or the car could be repossessed, but this is not a violation of criminal law. Now the registration is a different story. If you have the vehicle on your property but never drive it on the public roadways then you never have to have it registered, but if you are driving it on the road then you are breaking the law and can be fined for non-registration of a motor vehicle which can be a pretty hefty fine.
You were notified the loan was not approved and you needed to return the car you never returned the car or had it registered in your name and it was never repossessed how do you get rid of it?
Return it to the dealer.
