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What if you buy a used car and it breaks and you still owe on it?
My car is in the impound, i still owe 7,000.00 the impound put a lean. Will the finance Co. take me to collection?
What if car is impounded but all payment are current?
You still need to get the car out of impound. You have a limited time to do this before the impound lot puts a mechanic's lien on that vehicle. Once that happens, they'll be able to take possession of and sell your car, and you'll still be liable for the payments you owe to the finance company. If the finance company gets wind of this, they might repossess the car to avoid losing it over a mechanic's lien.
If you Co-sign auto loan and the person defaults on the loan- can the finance company take your house?
No. If you cosign on a car loan and the person defaults, the finance company can not take your house in this state. After the finance company seizes the car, both you and the other person would still owe the unpaid balance of the loan.
In California does a finance company have the right to repo a car from a police impound when payments are not behind?
No, They would have to be behind on the car payment The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.
How long does it take to receive the title from a finance?
Contact the finance company for that information.
Is it legal for a lien holder to repo youre car from the impound if youre current with payments?
Laws vary by state, but typically, yes. If the finance company feels the vehicle is at risk of having a lien put on it by a local or state government entity, they'll take possession of the vehicle, as the right of the government agency to recoup storage and towing costs has priority over the finance company.
Do you call the finance company or just take the car to the dealer if you want to do a voluntary repossession and do you need to inform the finance company you're taking it back or will the dealer?
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
How can you take over payments?
Contact finance company
Can you take your stuff out of the car while its in impound?
NO! you cant its impound for a reason good luck
Does it take long to finance a car?
It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.
Can you take over car payments?
Yes, with the agreement of the finance company.
Is it legal to take your car back from impound without pay?
If the impound releases it to you then it is okay, otherwise it is theft.
