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Can Ford Credit have someone arrested for default on lease payments and if they are unable to find the vehicle?
Wiki User
∙ 16y ago
In a nutshell it's not actually arresting per se, it's called replevin. Ford credit will get their attny to file a replevin on t heir behalf with the court. You will be served by a sheriff. The judge will give you a court date to appear and give you a time frame to produce the vehicle. If you do not produce the vhr the judge can have you put in jail for contempt of court. You will be held until the vehicle is produced. It's best to just give up the vehicle instead of hiding it and going through a replevin. Where you would only have the normal repo fees and balance due once te replevin is initiated you will have to pay legal fees also which can be thousands.
Wiki User
∙ 16y ago
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Are you in default of a car loan if the vehicle is not registered?
Registration of the vehicle has nothing to do with the loan or financing of the vehicle. The only was to "default" is to not make the payments.
What do you need to repossess a vehicle in Nevada?
You have to posses the title on the vehicle and the documentation that there is a default in payments.
Can your car be repoed if you are not behind on payments?
Technically yes - the vehicle can be repossessed if you are 'in default' of your obligations under the contract. So while the usual way to default on the contract is by missing payments, it is possible for you to be in default by another way, outlined in the contract you agreed to.
What steps are involved in reposessing a car?
As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.
Can a lienholder repossess a car if it is not in default but in the impound?
As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.
Can I get my ex wife to co-sign an auto loan for me?
Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.Sure, you can ask her. You need to inform her that she will be completely responsible for paying the loan if you default on the payments even though she will have no ownership interest in the vehicle. A co-signer should always be completely informed about the consequences of co-signing. They are guaranteeing that you will pay. If you miss payments it will affect their credit record. If you default it will also wreck her credit.
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Can someone purchase a vehicle then register that vehicle to someone else but continue to pay for the loan?
Yes, you can take out a loan for a vehicle for someone else and make the payments on it, but the only way you can put the vehicle in their name is if you have their permission.
Can someone take over car payments in a vehicle sale in Texas?
Yes
Can a person get arrested if he or she don't pay for the car loan?
When you get a loan you sign a legal document that states that you will make the arranged payments on time. There is usually a clause that states when payments are deemed late and how many payments can be missed before the loan is considered "default" and they own the vehicle, outright. The lender is then allowed to "repossess" their property by any means they choose (usually a towing agency). If you resist their efforts to reclaim their property (hide the car or incapacitate the vehicle) you are considered to be in possession of stolen property and subject to arrest.
If someone totals your car and leaves the scene and is arrested for DUI is there a higher payoff for the vehicle?
No. The vehicle is worth what the vehicle is worth, no matter how it was totaled
How do you get rid of a vehicle with negative equity?
Let someone else take over the payments.
