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Can finance co still repo your car after a charge-off and still do not have possession of the vehicle?
Wiki User
∙ 14y ago
WHEN A FINANCE COMPANY CHARGES OFF THE ACCOUNT, YOUR VEHICLE IS STILL OUT FOR REPO, THEY JUST TOOK THE FIRST STEP IN THE PROCESS OF GETTING A COURT ORDER TO GET THEIR PROPERTY BACK AND BY THE WAY.... YOU PAY ALL THE LAWYER FEES AND COURT COSTS.... LIKE IT OR NOT. IF YOUR OUT FOR REPO GIVE IT UP, IT'LL BE CHEAPER FOR YOU. NEXT QUESTIONS BANKRUPTCY? AFTER A JUDGEMENT IT DOES YOU NO GOOD
ANSWER
They can try, a "charged off" account is just written off the books and an uncollectable debt, it does not mean you own the car, it just mean that the finance company or bank no longer considers it an asset. If there is not a body attachment, which are rarely given, and you need the car, try and work something out with the finance company. You can put a charged off debt or judgment in a bankruptcy.
Wiki User
∙ 14y ago
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Still have loan on vehicle can tags be turned in?
Yes in Virginia, but your finance co. will still require you to insure vehicle or they will add it on to your existing loan.
Can you FINANCE a car while you have a suspended license.?
I have a suspended license from a DUI I got and I wanted to know if I can finance a vehicle still?
Can I still purchase another vehicle if I voluntarily repo my current car?
It may be alittle tough to find a finance company to finance the vehicle but you should be able to with some cash down.
Is an auto repair shop responsible for your car while it is still in their possession for repairs?
Yes they are responsible for the vehicle .
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.
Uninsured finance vehicle has been stolen Cancelled insurance because car was being repossessed by finance company?
You still have rights to recover the vehicle. The finance company may help you look for it if they're desperate enough to get it back. Even if your car was insured, you would legally have to payback the finance company for the car since you broke a binding finance contract.
Your vehicle was repossessed and the finance company charged you ''storage'' fee on the invoice to get your vehicle back can the repo agent still charge for storage?
no because the storage fee that the finance company charged you was what the repo company charged on the invoice. the finance company had no other reason to charge storage fee's they did not store it
When a car is repossessed are you still responsible if is involved in an accident?
Once the agent takes possession of the vehicle, they are responsible for any damages which occur.
Where to call to find out if a car is clear of finance?
The DMV of the state it is registered in should be able to tell you if a lien is still in effect on the vehicle.
The subprime lender wrote off late fees after loan was paid the vehicle in still in our possession are we still able get the lien removed?
You will need to get a written lien release from the lender.
Does gap insurance still apply if your car is paid off?
It will depend on the type of gap insurance you have. Finance gap insurance would expire as there is no finance to cover but return to invoice and vehicle replacement would still carry on until the end of the policy or a claim is made.
If i paid for my repossessed car why cant i get it back?
Besides the overdue payments on the vehicle, there are also towing and storage fees. The company that has physical possession of your vehicle (actually has YOUR vehicle in THEIR lot) should be able to tell you how much is still owed and to whom.
