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if you owe them money they generally will not release your vehicle to you in the first place
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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.
If you have the title to your vehicle can the bank still repossess it?
If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes
Does the vehicle have to be worth more than the amount owing in order to repossess it?
No. Vehicle can be resold, you still take the hit on your credit.
Is a cosigner's spouse responsible for the loan if he dies?
No you are not responsible but if your step daughter does not pay the loan they can still repossess the vehicle.
Can you repossess a vehicle with a lien against it?
yes, there are different situations but yes you can. if you are the sole owner than you can now you may find yourself in a legal battle behind a mechanic lien. Also if the company who placed the lien is in possession your best bet would be to go to your local court house in find out what your rights our. the vehicle is still yours, but weather or not your able to repossession. while in there possession, and if your reliable for the money owed is the question.
In California if a buyer still owes you half the money for your vehicle and gets it impounded for no license or insurance can you repossess it?
Is the registration still in your name or the buyers? If it is in your name you still own the car. Just take this person to small claims court and get your money or car that way. Make sure you have all the paper work to prove your case.
What if car is impounded but all payment are current?
You still need to get the car out of impound. You have a limited time to do this before the impound lot puts a mechanic's lien on that vehicle. Once that happens, they'll be able to take possession of and sell your car, and you'll still be liable for the payments you owe to the finance company. If the finance company gets wind of this, they might repossess the car to avoid losing it over a mechanic's lien.
F a car was repossessed two years ago and you put an old car that a friend had on the road can they come after that vehicle for the money still owed after auction?
No. They can repossess their collateral (the car which was repossessed), and they can send a collection agency to hound you for money, but they can't confiscate your property.
Can they repo a car once you have paid up to date but still owe 7000?
If you are up to date with your repayments then the finance company are unable to repossess your vehicle. If you have defaulted on your payments then they are able to repossess the car, the number of missed repayments which qualifies for repossession will be stipulated on the agreement you signed when you first purchased the vehicle.
In illinois isnt it illegal if a car is repossessed with the plates still on it?
No, if it was it would be impossible to repossess a vehicle because no one would ever take them off.
Will i get a surcharge if the accident was caused by vehicle failure?
You will still be liable unless you can prove the vehicle failure was due to a recall problem or your mechanic did something wrong.
How do you fix coolant leakage the mechanic just change my water pump but still leaking?
They fixed the replaced the raditor and it still leaks in front of the vehicle.
