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After a vehicle is repossessed and you pay it off in full when does the lender have to return the vehicle to you is it as soon as its paid off or can they take a few days to return it?
Wiki User
∙ 17y ago
If the vehicle is paid it is yours you should not have to wait any amount of time.
Wiki User
∙ 17y ago
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When can the lender resell a repossessed vehicle?
a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama
If you return a motorcycle 30 days of purchase from a dealer what can they do in North Carolina?
You cannot just return a vehicle you bought. It is yours or the lender's who loaned you the money to buy it. There is no cooling off period on the purchase of a vehicle.
Can your car be repossessed if you have no other vehicle and are less than a month behind?
YES. Read your contract. Does it say the lender cant repo IF you have no other vehicle? I think not. Less than a month behind??? Some lenders will repo when you get 3 days late. Any time you are in DEFAULT of the loan, the lender CAN repo. They may not, but they can.
If your car is repossessed in Illinois and the lender wants full payment can you file for bankruptcy within a certain amount of days so that your able to keep your car?
Bankruptcy does not prevent a vehicle from being repossessed. If the debtor/borrower wants to keep the vehicle they must reaffirm the loan with the lender. Furthermore, new bankruptcy laws require the borrower to repay the entire amount of the loan and applicable fees rather than the discrepancy between the loan and the amount recovered in the sale of the vehicle.
Can you recover personal property if your vehicle was repossessed and the lender said they would give you two weeks but sold it after 10 days?
If you read the letter that the lender sends you within 5-7 days your answer should be there. There is a date that is stated when your car will go through the process of sold or auctioned if you don't reinstate! Sounds like they gave you 10 days instead of business days but.... did you read the date?!
How many days does a vehicle have to be past due before it can be repossessed?
three months
Can a vehicle be repossessed if the payment is 21 days late in New York State?
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
What is the time limit to recover a repossessed vehicle in Texas?
Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.
How many days do you have to pick up vehicle?
You need to contact the lender. Only they can provide that answer.
Are you entitled to speakers on a repossessed vehicle?
You are entitled to any property that is not physically attached to the vehicle. In many states, you may remove after market speakers you have installed, provided doing so causes no damage to the vehicle. You will be given only thirty days to recover private property after the vehicle is repossessed.
What will happen if you return a car after 30 days?
You cannot return a vehicle you purchased after 30 days. It will be considered used and a possible trade in for this vehicle will be considered.
How soon after defaulting on a car loan can a creditor repossess your vehicle?
Initially the lender will send out a default notice requesting immediate repayment. There is usually a time frame of 14 days to make this repayment. If payments are not made, the lender can immediately apply to the courts for a repossession order and in theory they can take the car straight away. In some cases this does actually happen and cars are known to be repossessed within days of the expiry of the default notice. In most normal repossession cases you can expect the car to be repossessed within a month or however long it takes for the repo man to find you and the car...
