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There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.
My truck was reposessed and the repo company dragged my truck out of my gravel driveway and ruined the driveway. Plus they took my truck to another state almost 3 hours away. I plan on getting the truck back but I wonder if I have a case for compensation for my driveway and any damages to my truck by being dragged, and it being taken to another state?
They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.
If they only have an order of repossession of the truck, then no. Otherwise, the trailer and backhoe would be considered stolen.
Context matters here. If it's not your truck, leave it be, unless it's on your property. If it's been there for some time, and has a contact number for the company owner, call them.
That depends on the situation in which your vehicle was towed. In an instance of repossession, they'll be expected to clear items out of the car. Then they'll probably charge you a storage fee for those items.
There is no licensing requirements to repossess cars in Arizona. The truck has to pass DPS inspection but that is it. So buy a truck and happy hunting.
The most common type of repossession notice when a person has not been making loan payments for a car or truck. If the lender does not receive payments, the vehicle may be towed away.
no no, it's up to the company if they want to let you keep it or not, some of them think that if your'e filing BK then your'e not going to pay them.
I'm sure that you get a finders fee. But I personally would call the company and ask them. Either way you should let them know to be a good citizen!!
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