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No, if you own the car outright and there is no lien against it, no one can repo the car under normal circumstances. The only reason I could think of would be if you owed the bank money and they sued you, and the court made you put the car up as collateral.
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∙ 14y ago
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Can a dealer repo a car when theres a clear title on the car with no liensI have a clear title in my name?
No, if the car does not have a lien, then the dealer has no legal interest in it.I'm not sure why a dealer would even try to repo something they had no legal interest in.
Can a bank repossess a car or sue someone with whom they have a signed contract even though the car owner has a clear title for the car?
YES, the contract is what they sue for unless the car is listed as COLLATERAL for the loan. Then they repo the car and sue ya.
Can a lender repo a car after 5 years?
The statute of limitation expires five years from the last payment. They can't repo the car, but they don't have to give you a clear title either.
Your son gave you a truck as a gift you are on the title vehicle is insured and registered in your name He is in default on his loan Can the bank repossess your vehicle?
If there is a loan against the car then the bank is on the title and they own the car, your name would be on the registration but not on the title, so yes they can repo it. If you have the actual title in hand then their is no loan on it and you own the car.
How would a bank in Michigan listed as leinholder go about repoing a car in Ontario with a Michigan title from a Canadian citizen?
Slightly confusing question. If YOU are the leinholder, why is the bank trying to repo the car? Why does the bank not know the laws of repossession in MI? If you(the leinholder) are trying to repo the car, CALL your attorney. You will need her/him to perform this LEGALLY.MI and CANADA are NOT good places to LEARN the repo business for beginners. Good Luck.
How do you find out who repossessed your car?
The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.
What is a clear title for a car?
i believe a clear title is where no one has a lien on it.like if you get a loan from the bank to buy a new vehicle they own the title until you pay it off then it's yours free and clear.
Can a car title have a lien typed on it but it is all clear?
It's only clear if it's stamped clear and/or you have the release signed by the bank or lender.
Why a bank will repo a car?
Non-payment of loan.
How can you find out if a car is in repo?
Call the bank and ask.
If you are making payments to the bank for your car does the bank have your car title?
no,you should have title.
If you are on the title as the lien holder can you go repo the car?
Yes.
