there is no reason for it to be on record, if you are a buyer
The institution that has a lien on the vehicle.
yes
If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.
NO.
turning over the title is NOT the only way to record a lien on your car. IF the lender did it correctly, YES, it can be repoed.
Then tell the Repossession agents where it is and who has it.
Who payed the car off?Was the car repoed?
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
Because they would have to invest more money to get it repoed than they could get back when its sold. Example: car will sell for 1000 as-is vs having to pay 1000 more to get it repoed and it would still only sell for 1000.
no