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a lien can be placed on a title without you giving them the title. call your states DMV and ask if you car has a lien on it. I think you will be surprised. Good Luck

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โˆ™ 2011-09-12 15:11:55
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Q: Can a vehicle be repossessed if the title has no security interest on it but you used the vehicle to get the loan but never gave them the title?
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Can your vehicle be repossessed after the loan and security agreement has expired but you still owe a considerable sum?

Loan and security will always be active against the vehicle. It never goes away until paid or repossessed. Yes, the collateral may be repossessed at any time.


On average what is the quality of most repossessed vehicles?

The owner of a vehicle that has been repossessed, cannot afford to make their payments, so it makes sense that they cannot afford to perform the required scheduled maintenance on the vehicle. This is not always the case but IMO, I would never buy a repossessed vehicle, unless it had extremely low mileage of say less than 20,000 miles.


Can you go get your car after it's been repossessed if you know were it's parked?

Absolutely NOT! The vehicle legally belongs to the lien holder and any person who tries to recover said vehicle via self-help can be charged with Grand Theft Auto. NEVER, NEVER, NEVER attempt such an action.


Can a vehicle get repossessed if your first payment is 15 days late?

Read the fine print of your contract carefully. I have never heard of a vehicle leasing/purchasing contract NOT having a first payment default clause.


Will a dealer allow you to use a car that should have been repossessed but was never picked up as a trade-in?

If you cannot produce a "clean title", you cannot sell or trade the vehicle.


Can a car be repossessed if the lenders name is not on the pink slip and it was sold to another party?

Who cares? Let the lender repo it, then sue 'em. File charges for stealing the car. Really, why would a lender even think they can repo a car that they have NO security interest in? especially if they never loaned any money on the car?


What can you do if you are missing work tools from a repossessed car?

While you are entitled to your personal property that was in the vehicle, the simple fact is that if you can't prove the tools were there you'll probably never see them again.


If you have never had a car repossessed you have had a house repossessed Can I still get a car loan?

Most likely not depending on what financial situation you're in.


Can your leased car be repossessed because of no insurance even if you are up to date with your payments?

If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.


Can a car dealer resell a repossesed car in Illinois?

When cars are financed, they're usually financed by a bank or some other type of lender. Once the car is repossessed, and the person it's repossessed from fails to recover the vehicle, the vehicle is sold at auction. Dealers attend these auctions, and bid on those cars. Once they've placed a winning bid and paid for the vehicle, it's theirs to sell. Now, if a dealer is the one who financed the car, they'll be the ones to repossess it. Once they've determined the person it was repossessed from isn't recovering the vehicle, they have every right to sell it. Hate to break it to you if this was your car, but it was never yours - so long as there's a lien on that vehicle, the lien holder is the rightful owner of the vehicle. Once they've given up on you reclaiming and making further payments on that vehicle, they can do whatever they want with it - because it belongs to them, and always had, from the moment they became the lienholder.


I havent made a payment in 6 months and i never registerd car have you broken any criminal law in Virginia?

Not paying is a violation of civil law and you could be brought to collections or the car could be repossessed, but this is not a violation of criminal law. Now the registration is a different story. If you have the vehicle on your property but never drive it on the public roadways then you never have to have it registered, but if you are driving it on the road then you are breaking the law and can be fined for non-registration of a motor vehicle which can be a pretty hefty fine.


You were notified the loan was not approved and you needed to return the car you never returned the car or had it registered in your name and it was never repossessed how do you get rid of it?

Return it to the dealer.


Can your car be repossessed by the car dealership if you never gave proof of income?

If you are not making the required payments to the finance company that holds the lean on you car it may be repossessed. Proof of income is not required or relevant.


Does a car company have the right to repossess a leased vehicle if it is fully insured and all payments are on time and are you obligated to take it back if it is unlawfully repossessed?

if a vehicle is unlawfully repossesed, you can get the vehicle back, and claim back all monies you have paid, and keep the vehicle without any further payments being made as long as you have proof you were up to date You are never relieved of the responsibility of paying for a vehicle or the lease agreement simply because the vehicle was wrongly repossessed. Leasing companies include many stipulations in contracts, if a payment was even a day late and there was not a grace period included the contract was in default and the vehicle was subject to recovery. The person does not have to accept the vehicle back, but they will in all probability be responsible for the remainder of the lease agreement. Unfortunately many of these type cases that end up in litigation which is expensive, stressful and time consuming for both parties.


What if a vehicle payment is not missed and the owner repossess it?

If you have never been delinquent or defaulted on your vehicle loan, and it is repossessed, it may have been wrongfully repossessed. It must be returned to you, at no cost to you, ASAP. It is not uncommon for this to occur. So many similar and like vehicles are out there and VIN numbers can be so close that confusion occurs. More often than not it is a simple mistake. Go ahead and ask the lender for a concession due to the inconvience it has caused you. They may give you nothing, but if you are friendly and understanding, they very well may.


When did you first borrow against social security?

I never borrowed against Social Security, so I'd say the answer is "Never."


Can your car be considered repossessed and put on your credit report as repossessed if they never picked up the car?

Absolutely. Once the car is considered repo'd it is all paperwork, otherwise you could just hide the car from the lender.


Can a cosigners credit get the car repossessed?

As long as the loan for the unit is paid each month, the collateral will never be repo'd.


Does insurance help with rental when car repossessed?

I've never heard of an insurance policy that covers repossession. Remember, the car doesn't actually belong to you -- it was repossessed because you failed to honor the contract of repayment of the loan to buy it.


If you stopped paying your car loan but the lender never repossessed the vehicle what can you do with it?

If You Have A Clear Title On Them, About Anything You Want. If They Have A Lien On The Titles, It Will Have To Be Removed By Payment Of Loan. Otherwise Contact The Loan Company And Have Them Tell You How To Deal With This In Writing. Be Sure You Get Written Information Before You Do Anything If They Show A Lien.


Can you sell your car after the car has been repossessed?

No. A car is repossessed because you failed to finish paying for it. Since you never fully paid for it, it's not yours. No. You do not own the car once it has been repossessed. To sell the car you would need the title, which is in the hands of the finance company. After a repossession, usually 30 days later the finance company places the car in an auto auction. There it is sold to the highest bidder. In the rare case that the net proceeds from the sale exceed what you owe for the car (plus interest, penalties, repo fee, etc.) the finance company has to send you a check. If you can redeem the car by paying the full past due amount plus interest before they place it in the auction sale, then you can sell the car.


What do you do with a car that was voluntarily reposesed and the bank never picked it up?

The simple answer is, that if the bank never picked it up it is not repossessed. If you are not making your payments, and really want to give up the vehicle, what a lot of people do is take it back to the bank, and leave it in their parking lot. Be sure to give the bank manager the key and let them know what you are doing. If this is not possible continue to try to call them.


Does RuneScape bring you a virus?

No, Runescape has never had a virus and with their security probably never will.


What if your vehicle was repossessed but you never received a repossession letter what do you do?

Repossession letters are not required in every state. In some states, face to face notification of the repossession suffices, and when the driver came to hook up your car, if you had a conversation with him at all (even if it consisted of you yelling "Hey!" and him gesturing to you) you received notice.


When should you change your freon in your vehicle?

Never