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How do you repossess your vehicle if you loaned it to someone and they are in another state?
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∙ 8y ago
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Can a car dealer take your car back?
If the dealer holds the lien and is the one that loaned you the money to purchase the vehicle he can repossess the vehicle if you fail to make your payments on time. Otherwise the selling dealer has no claim on the vehicle whatsoever.
Is the owner of a vehicle liable when it is loaned to someone who gets drug busted during a search at school?
no
In TEXAS can an uninsured licensed driver drive another's insured vehicle without penalty?
It depends on the insurance company. Some insurance companies will cover the vehicle when it is loaned to someone else. Many have restrictions that they will only cover someone of a certain age or older.
Can a car get repossess because of no insurance?
No. Most (99.9%) of the lenders require you to maintain Comp.& collision Ins. on the vehicle the money was loaned for and secured by. If you fail to do this the lender can, and in most cases, will put this Ins. on the vehicle and you will be charged. The charge for Ins. placed on the vehicle by the lender will be quite high, and it is then added to your payment. If you get your own Ins., the lender will cancel the ins. they placed on the vehicle.
Are loaned vehicle owners liable for vehicles busted in drug busts?
yes
Can a loan company reposses my car they do not have the transfer of lien on?
If that loan company loaned you money and you used the car as collateral and failed to make payments on time, they can, and will repossess the car.
If vehicle is uninsured and allows someone else to drive that uninsured vehicle who is responsible if the vehicle is damaged but no other vehicle person or property is involved in the wreck?
In the eyes of the law....YOU would still be liable....unless you have evidence that shows the driver of your car operated it in an irresponsible manner....(remember it has to be, "Beyond a proponderance of a doubt.") otherwise, YOU allowed someone to drive a vehicle belonging to YOU, and YOU loaned that vehicle to another person knowing their was no insurance on said vehicle.....see where this is going?? I was a Police Officer in the United States Air Force for a few years..... Hope this helps even though I know it is not what you were hoping to hear... Randy G.
What is another name for borrowed money?
loaned money
What if you loaned your car to someone and they committed a hit and run?
You're screwed.
Is it illegal to loan a drivers license to someone else?
Yes. A license cannot be 'loaned' to someone else.
How can one get a parking ticket for a vehicle he does not own?
The ticket is attached to the car, and the owner of the car. We loaned someone a vehicle of ours years ago, and she racked up many parking tickets at a college. Guess who was responsible for the tickets, the owner is. Unless the ticket is handed to you with your name on it, the owner is responsible.
What does if mean if your vehicle could be repossessed?
It means the bank, or whoever loaned you the money for the car, will send people out to take it back.
