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It can be done but you pretty much have to follow the same rules as the major lenders. Ie: written contract stating that if payments aren't made, the lienholder can repo, perfected liens, etc. Best thing to do is contact a local repo company and they can tell you exactly what you need to do it.
Wiki User
∙ 18y ago
Wiki User
∙ 17y agoStates establish repossession laws and the procedure will differ depending upon the state in which the vehicle is located. The one factor that is common in all US states to repossess a vehicle is that the person seeking the recovery has a legal right to do so. For example, the party who is owed the debt is shown as a lien holder on the title of the vehicle.
Wiki User
∙ 17y agoThe recovery of a vehicle by a private seller rather than by a lending institution such as a bank.
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Is a repossession vehicle allowed to repossess a vehicle inside a private community in the state of Florida?
If the repossessor is allowed in, yes. They cannot force their way into the community.
What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?
If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.
What are car repossession laws in Missouri regarding notification to auction a vehicle?
what are the legalities of voluntary vehicle repossession
Can a repossession agent come on private property to repossess a vehicle?
I am not 100% on this but I am almost certain that they can as if an item is inside the home they can come in to take those
Can a lender report a vechicle stolen while trying to repossess in the state of Florida?
In the event that the possessor of the vehicle is not a contracted party, or if the contracted party is actively seeking to hinder repossession, then yes, the lender can report the vehicle stolen.
Can Repo Investigator Charge me with Felony in Ohio for not finding my vehicle?
As a repossession investigator and agent liason, I can tell you that yes, in fact, I know of several instances of felony charges being filed against an individual for hindering repossession of a vehicle. Your lawyer's response may have been motivated more by the fact that he felt confident that he could successfully prevent prosecution, but nothing will prevent the vehicle from being repossessed aside from the destruction of the vehicle. In the event the possessor of a vehicle under repossession were to destroy a vehicle to prevent that repossession, he could then be charged with malicious destruction of private property and hindering a lender.
What if the property from where the vehicle was towed was a private residence that was owned by somebody else and not the signer of the loan or lease?
If the repossession agent can get to the vehicle without breaking anything or causing a civil disturbance, he can take it. Private, public, or government property, or who signed the loan is irrelevent.
Is there any legal recourse when buying a used vehicle from a private party?
In most states there is no legal recourse when you buy a used vehicle from a private party. This is true in California, for instance. Private parties are not required to offer any kind of warranty on used vehicles.
A sample letter of vehicle repossession for the state of Texas Where can you find one?
Sample letter of vehicle repossession for the state of texas
Do you have to pay sales tax on a private party vehicle sale?
yes you do baby
Where can I get white vans?
At the dealership or buying a used vehicle via private party.
Does Nevada have sales tax on private party car sales?
No, as of 2005 Nevada does not tax private-party vehicle sales, but only if the buyer is a legal resident of the state.
