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Only if someone stole it from the owner. Otherwise the car is just repossesed by the finance company.
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∙ 18y ago
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Can the lease company report the car stolen?
Only if the car was actually stolen. Nonpayment isn't theft (a criminal matter), it's a civil matter.
What happens if your car is stolen?
If your car is stolen you should automatically have reported and what time it had gone missing.
Can a car be reported as stolen if the payment is not made?
no
Can a rental car company report the car as stolen?
Absolutely, if their car is not returned when stated in the rental agreement, the car is and will be reported stolen.
What happens if you hide your car from repo?
It will be reported stolen.
If a roommate has taken your car without permission can the car be reported stolen?
yes
If you hide a car from repo man?
It gets reported stolen.
If a person is 4 months late on a car payment can it be reported stolen?
NOT unless it was stolen. Stolen cars are reported stolen. Cars securing a loan in DEFAULT are reported as DELINQUENT to the credit bureau. If you choose to report the car stolen, go ahead. I would not reccommend it though. Filing a false police report is illegal in most jurisdictions.
Can a tow company auction a car if reported stolen?
no i dont think they can
What happens if the creditor cant find the car to reposs it?
It gets reported stolen.
Can the impound lot keep the items in your vehicle if your car was reported stolen?
No.Another View: The police may retain any items found in the car pending proof that they actually are your property.REMEMBER: The car was reported stolen... and then it was recovered and impounded. The perpetrators MAY have used the vehicle during a crime spree and stashed their stolen goods in the car. The owner of the stolen vehicle would not be the beneficiary of the stolen goods just because they were in his vehicle. and they may have to present proof that the items found in the car actually belong to them.
Can a lender tell you that they have reported the car stolen and tell you just drive around and see what happens?
Only you, if the car is in your name, can report it stolen. So they are jacking you up to get their payments
