The answer to your question is yes! My mother worked for GMAC finance, the people who finance your Gm auto. They will work with individuals who have problems. The deal is YOU the customer when facing problems must call them and let them know what is going on with your ability to pay (or not) your vehicle. If you do not contact them, they will use all their resources to find you. All the info you gave to the people who finance your auto is on record and yes they call the repo man and give him that information.
The repo man will tell you that, but no it is not true.
The license plates are yours to keep and transfer to another vehicle if you wish.
It can happen as soon as they find the car. Sometimes within hours.
If you don't have the title, use the registration card from the previous state. Check with the DMV to see if there is still a leinholder listed on the title. You will need the VIN #. They will give you that information. My question to you is, are they or have they tried to repo the vehicle? Is it in "repo" status?
If you are currently making payments on the car yes you can.If you have defaulted and it is slated for repo then your wasting money because they will find it and take it.Now if you owe a repair bill,as long as you are paying the bill and can prove that then its not a problem.
any 24 - 7 as long as they find the car they can repo it.
If you keep going 60+ days past due, you receive a right to cure notice w/ intent to repo., and you don't answer your phone. If you show no interest in resolving the situation, they will repo the vehicle and let you deal w/ the problem.
Check the vehicle registration, if you are the only one on the registration and you are paying the bills, then you are the legal owner. You can call it in as stolen and get the car back that way. ************************************************************** If you are a cosigner on a car that is in Repo status then you either need to pay the lender they are asking for (In order to stop the Repo) or the Repo will go on your credit as well. This can very by State so I would check the laws in your state. Remember that when you cosign a loan you are as responsible for the payments as the person you are cosigning with. Hopefully you saved the paperwork you signed when you financed the car, I would find the papers and read the fine print (your responsibilities are in that little text somewhere).
Yes. There are finance agreements that have other requirements other than make the payments on time. For example, if you finance a brand new vehicle the finance agreement will more than likely state in it somewhere that you maintain full coverage insurance on the vehicle. If you drop it to liability or let it lapse completely, they can repo the vehicle. Some agreements state that you must maintin the registration on it, if the registration lapses, they will repo it. I would suggets going back and re-reading the agreement, word for word, line by line.
Yes. I find you, and there is your car too....
You CANT legally. She could report it STOLEN if you did. Best thing to do is contact the LENDER and assure them that YOU will make the payments IF they will repo it. AND get the registration out of her name. They can do that AFTER repo. Good Luck and MERRY CHRISTMAS.
Yes