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Business and sold a guy a car he took the car and never paid Can i repo his car and how do i go about doing that?
Wiki User
∙ 16y ago
First: no, you may not "repo" the car, because you do not have a "security interest" and "security agreement" which gives you permission to do that.
Second: if the buyer "took the car" without paying, it could be a criminal offense (theft, theft by deception, etc) and you can file a police report and let them get it back for you.
Third: if the buyer simply didn't make the payments as agreed, and you don't have a repo right in your loan agreement, and they won't give the car back voluntarily, then you must seek permission of a court (judge) to request the local constable/sheriff/police to take the car back and return it to you as a breach of contract, or as fraud, or whatever your lawyer tells you your facts will support as a claim.
Attempting to "repo" a car without an agreement is called "self-help" and will get you arrested if not shot and sued. Of course, you have a counterclaim for the value of the car that was taken from you and any expenses it costs you to get it back.
Wiki User
∙ 16y ago
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What is the yearly salary for a repo man?
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
What if you did not receive a notice in the state of California after your car was repossessed?
HelP my carwS repo theynever sent me anything I lied bk paid the payments for a years Teri thought it was paid for they repo it then never called and never sentme anything after why how can they do that
You won a car and the lien was never paid off by the company can the bank repo it?
Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.
Can they still put it on your credit report as a repo if you paid off the loan within 24 hours after they took the car in California?
They reported what happened (a repo). Yes!!!! You should have never let it get this far. Take care of your business. Unlike the repo guys who are perfect and never make a mistake we mere humans are mortal and do err from time to time so please bear with us ...painful as it is for you(of course most repo morons couldn't make it as auto wreckers so what does that tell you). Yes lenders will put a repo on your credit regardless of what they may tell you and it stays on.You can write a letter to the credit reporting agency and dispute it.
Is it hard to start your own repo business?
Any business is hard work to open so a repo business would be hard to open as well.
How long does a paid off car repo stay on your credit report?
7 years from the date of repo.
How do you start a car repo business in new york?
do I need to be bonded in nystate for repo cars
How do you rep a car that was not paid for?
can anyone tell me haow I can repo a car that someoone ha not paid for
How may times can a repo company try to repossess your vehicle before just giving up?
Ive never heard of a repo company just giving up, they dont get paid unless they get the car. They will eventually catch the car or have a sheriff come out and help
What if your car gets reposed on a Saturday?
The repo man will get paid on Sunday...
How do repo companies get paid for time hired or commission based on getting the job done?
we are all paid by unit
If a car is repossessed and the loan is paid in full and you get your car back do you still have a repo on your credit report?
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
