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No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.

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โˆ™ 2008-10-27 16:19:37
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Q: Can a used car dealer repossess a car that is not in delequent of payment?
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Related questions

Can a used car dealer repossess a car that is not in delinquent of payment but had late payment history?


Can a used car dealer repossess a car if they have an unsigned title to that car and that car did not leave the property?

no it can't because the used car is used

Do late fees be used for repossession of a vehicle?

can you repossess a car for non payment of late fees even though the initial payment has been made in Colorado

Can a used car dealer repossess A CAR in Texas if YOU have not missed any payments?

NO! , he defenetely cannot do that. you at least have to be 3 months past due.

What recourse does a used car dealership have if they need to repossess a vehicle in Texas for non payment but cannot locate it?

A dealership willnot need to repossess a vehicle in any state unless it is a buy here pay here type dealership. If this is the case, the dealer should contact a local, private repossession company. Find one of the larger possible companies, this will offer more resources. Then leave it to them. It could take some time, but if you give them all the information you have on the debtor, they will find and secure your car.

Can a used car dealer repossess a car with a balance of only 124 dollars if there is a loan on the vehicle from a bank?

IF the dealer is acting as the banks agent(hired to repo), YES.IF you bought the car from that dealer, the dealer may have had "recourse" on the loan, so that he/she had to do the dirty work if you didnt pay. $124.00 is not the main question, how LONG has the $124.00 been in default??

If someone bought a car from a used car dealer and they wanted to repossess the car what is the buyers rights?

The buyer has the right to surrender the vehicle before he picks it up. Or pay for it.

You signed a contract for a used car the car dealer still has the car you have not given your down payment can you get out?


How do you return a purchased used car to a dealer?

depends what you're trying to return it for. if it falls under your local "lemon" laws then you have grounds for a refund of purchase otherwise you're stuck with the vehicle or you can stop paying and they'll come repossess the car.

Can a lien on car you perchused full in cash but dealer has a lien on the car still be reposessed?

If you purchased the car in full with cash then there shouldn't be a lien. Look at your paperwork to make sure it says "Paid In Full" if it does the dealer has no right to repossess a paid in full vehicle. A lien is where you are making payments for a vehicle and the vehicle is being used a collateral until the vehicle is paid off.

Can a dealership repo your car for stopping payment or bouncing the downpayment check?

That depends. If this is a car that you've had for a substantial amount of time, and if the dealer has already "cashed" the contract and has been funded from the lienholder, then the answer is no. Once the dealer receives funding for the car from the lienholder, the lienholder is then transferred the title. Only the lienholder can repossess your car for non-payment.This isn't to say that the auto dealer can't press criminal charges against you, but again, it depends on how long you've had the car. If you just recently bought the car and wrote a bad check for your down payment, you can probably count on getting a letter from the solicitor in your county.An exception to what I said above is if the dealer has not been funded from the financial instution financing the car. In that case, the dealer can cancel the contract with them and demand that you return the car to them.Another :Not only can they repo the car they can file charges against you for grand theft auto (because you used fraudulent means to secure a vehicle loan), grand theft (if the check was over $200), uttering of a bad check as well as possibly fraud. Better give the car back or make the check good and FAST!

Do you have to pay sales tax when buying a used car from a dealer in ca?

Yes, used car purchases are subject to sales tax in California.Related Information:When the purchase is made privately, the tax is usually paid at the DMV at the time of registration. When purchasing from a dealer, the dealer usually handles the sales tax payment, but in either case, it comes out of your pocket.

How long after a missed car payment does the finance company repossess the vehicle?

The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.

Does credit acceptance corp defer car payments?

No they do not. And they will repo your car if you are too far behind. They may tell you that they will repossess your car if you are 10 days late, but it is a tactic used to scare you. They would loose more money trying to repo your car than waiting on your payment after 10 days.

What is dealer invoice?

Dealer invoice is a term used to describe dealer cost of the vehicle.

How do you start used car dealer?

First, work for a used car dealer atleast 6 to 12 months. Then prepare a good used car dealer business plan. Go from there.

Can one purchase a used MPV at a Mazda dealer?

"You may purchase a used MPV at a Mazda dealer. Depending on the dealer itself, you may buy a variety of used and new vehicles to comply with your needs."

Is it better to buy a used auto from a dealer or private party?

Dealers offer payment plans, possible warranties, and recertified vehicles, but their cars are more expensive. Private parties tend to sell the cars more cheaply but offer no warranty or payment plans. If you know the private party and the care the car received, then that is probably the best option.

You filed backruptcy how can you buy a car and not get screwed?

My daughter went to a used car dealer and paid by the week. After doing that she traded the car at a dealership and got a better used car for a decent monthly payment. Your credit score will improve over time and you will be able to get better terms on a car.

Can dealer be an adjective?

No. Dealer is a noun (a person). Used with another noun (dealer discount, dealer incentives), it is a noun adjunct rather than an adjective.

What is a loan payment calculator used for?

A loan payment calculator is used for helping you to calculate a monthly payment for any type of loan. You can use it for a mortgage, car, boat, cottage, etc.

What is the term used to describe the fixed payment of interest on a bond?

Coupon Payment

Is dealer an adjective?

No, it is a noun. It may be used with other nouns as a noun adjunct (e.g. dealer costs, dealer sales).

What is a dealer button?

A button used to show who the dealer is in a card game, such as poker.

What prefix is used for possess?

It depends on what you are trying to state. You could use re- to form repossess, or dis- to form dispossess.