Cars & Vehicles
Auto Loans and Financing
Repossession

Can a vehicle that the repo man cannot find even after a year be listed as stolen?

373839

Top Answer
User Avatar
Wiki User
2015-07-15 20:48:19
2015-07-15 20:48:19

Not to my knowledge. The lender cant say its stolen because they LET you take it from their possession. You havent said its stolen OR you would have a police report to show it was. So, it's NOT stolen, you are hiding it to hinder repossession. Hope that's not a felony in your state.

My contracts state that if the borrower takes the vehicle out of state when in default that I could report the vehicle stolen. I never have tried, but I did pay an attorney to draft them up for me years ago.

In wild and lawless Nevada...

1
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions

User Avatar

This can be a complicated question. Your boyfriend can and should be listed on your policy as a driver if he lives with you or if he drives your vehicle even just sometimes. A vehicle titled to him cannot be added to your insurance policy under any circumstances and this is because you cannot insure a vehicle you do not own. Even if you live together you must still have separate insurance policies if you each own your own vehicle. If you live together or drive each others vehicle each of you should still be listed as drivers on the others policy.

User Avatar

The only way that a co-signer can take possession of the vehicle is if they are listed on the title as a co-owner. Even if they are a co-owner, they cannot just take the vehicle. They would need to sue the primary borrower in court to gain possession.

User Avatar

If there is evidence of fraud, the person hiding the vehicle can be prosecuted and possibly even put in prison.

User Avatar

You might want to re-check your laws. If the vehicle is in just your name, most states will allow you to report it stolen, if it's taken without your permission, even by your spouse.

User Avatar

In Oklahoma, your vehicle, motorcycle, golf cart, boat or other registered mode of motorized transportation can be impounded if the driver cannot prove the vehicle is insured. Your vehicle can be towed even if you HAVE insurance but cannot prove it.

User Avatar

You cannot insure something you do not own and the address has nothing to do with it. The insured on the insurance policy must also be the owner of the vehicle. An insurance application and policy make up a legal contract. The contract states that you must own the vehicle insured. Lets use your example where someone else insures your vehicle. If the vehicle is damage in an accident, the insurance company cannot pay damages to the person listed on the insurance policy because they don't own the car. The also cannot pay you because you don't have a contract with them for insurance.

User Avatar

the most stolen book, ironically, is the bible... stolen from stores hotels and even churnches

User Avatar

Only because you can get away with liability only on an older vehicle, which reduces your cost. You need full coverage on a newer vehicle. Rates are based off alot of different factors. Not only the type of car, but what city your in (crime, stolen vehicles). Sports vehicles can be higher. Even if you insure a vehicle that is reported stolen alot could make even an older car alittle more to insure. If you have a bad driving record or a teen driver could also cause an increase.

User Avatar

Assuming the stolen car was insured, the stolen cars insurance would be responsible. If the stolen car was not insured, the driver, if located would be responsible. If not located then the owner would probably be held responsible. Hopefully the struck vehicle is insured for "uninsured motorist" coverage. Filing the report after the accident would document the theft, but not neccesarily clear the owner of responsibility.

User Avatar

Yes! As long as you are of legal age (In the state you are a legal resident of) you can buy a vehicle. You cannot legally register the vehicle in your name or legally drive the vehicle. You can even insure the vehicle with many insurance carriers; just not for driving purposes (i.e. as a "collector" vehicle for loss or damage in storage).

User Avatar

No. It's not even legal to have alcohol in a CMV, unless it's in the cargo compartment and listed on the bill of lading as cargo.

User Avatar

Yes, All losses incurred are used to properly evaluate your risk. If you frequent places where vehicles are stolen or even if you live in an area with high accident or vehicle theft rates then this obviously effects you insurance premium.

User Avatar

No. Because:You were off-duty.You were illegally driving a vehicle while intoxicated. That wouldn't even be listed as an accident if you were drunk, on duty and driving a military vehicle. Being drunk is not an accident.

User Avatar

Take the serial number (or Vehicle Identification Number/VIN) off the frame and bring it to the police or local DMV and ask them to 'run' it for a stolen check. Usually they are glad to do this with no charge. Bikes are frequently stolen and parts and even engines swapped out, but the frame VIN (by which bikes are titled and registered) will always be there. If it is missing - stay away from it!

User Avatar

Yes it does, I just traded my vehicle for another vehicle even trade and didn't have to pay taxes on it in Florida.

User Avatar

No. Auto insurance will only cover the vehicle and items that came installed standard on the vehicle. You can, however make a claim on your homeowners insurance for other items stolen from your vehicle. Homeowners insurance gives you coverage for items off premises up to 10% of your contents coverage on the policy. This is to cover situations like this, thefts or damage while on vacation, and even dependent children's items while in a dorm room. The biggest problem is that you will have a deductible for damage to the car and another deductible for the items stolen and covered on the homeowners policy.

User Avatar

Motorcycles are indeed easily stolen, they can just be picked up and put into the back of a pickup truck. Even if you have a lock on the wheel, that cannot prevent a few people from just picking it up and taking it away. The best way to determine if a bike you are buying has been stolen, crashed, or has a branded title (like salvage, rebuilt, or stolen) is to consult the Carfax for Motorcycles - the company called Cycle VIN.

User Avatar

It means that even though death has stolen someone we love, we still have our memories of them. And that's something their death cannot take from us.

User Avatar

Anything can be stolen at school. Cell phones can be stolen at school, but it is against school rules and the law, so even though it isn't allowed, it can happen.

User Avatar

Insured has thirty (30) days to add new vehicle to commercial auto policy. For auto insurance it is what is on the policy that is covered.

User Avatar

If you have UM coverage it will pay for damage done to your vehicle even if you don't have physical damage coverage. If you don't have uninsured motorist coverage then you are out of luck. If it was a truly stolen vehicle then the owner is not liable for damage done as they don't have any control over the vehicle any longer. Keep a check on it though and make sure it was really stolen. Sometimes people will say it was stolen after an accident but in reality it was a family member or something and they will drop the charges. If charges are dropped, file on their company and inform the police department and insist they be changed with lying to the police and filing a false report. For full disclosure, I own and operate a small Independent Insurance Agency in Gordon, Georgia and have for 22 years. I also worked as an agent for a direct writer for 3 years before that.

User Avatar

ABSOLUTELY NOT. You cannot insure a vehicle that you do not own on your insurance policy no matter what kind of coverage you have. Your insurance policy will not pay anything even if you have added the vehicle on your policy without their knowledge.

User Avatar

Sure, you can get in trouble. After all, you are likely to be suspected of having stolen the car, even if you didn't. You would have to be able to prove that it had actually been stolen by someone else, and you were an innocent bystander. Any time you are in a stolen car, that is a suspicious circumstance.

User Avatar

First, the general public does not have access to the NCIC database of stolen firearms. Second, without more information, we cannot even state what kind of gun that is. A serial number is not unique to only one gun in the world. Your local law enforcement officers may be able to help, but they will want to have the gun in hand when checking it (in case it IS stolen)

User Avatar

Once you buy a car it is yours and you cannot return it. This hold good only if no issues and registration goes without any issue. for some reason if Vehicle is not registered and sold to other then the buyer can return the vehicle or even take legal action for selling a unregistered vehicle without informing to buyer.


Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.