They generally do not keep the keys, as it would be too many keys to keep track of. Each vehicle usually has a special code that can be used to cut a duplicate key for your vehicle. They do not need an original key to do so.
They can keep it, and I'm sure they would feel just as uncomfortable giving back your car without having a key to it. Car repossession is not the first thing that takes place, it's the last thing they do when all else fails.
They seem to think this may happen again and I am sure the key is not in the possession of the repo man, but the financial institution who hired him, for future use if necessary as they still hold a lien.
Most repo agents have master keys to vehicles. Each model and make have what is known as a master key that will work on all of them. Did you know that the key to your car may actually start another of the same year make and model?
NOT LEGALLY. Who would want the responsibility of having the key to a car they don't own?? What if it gets stolen?? The cops drag you in wanting to know where you were. MOST financial institutions DONT have keys to the cars they finance. Its all they can do to keep the paperwork straight so how could they keep up with keys?? Give me a break.
I own a repo company and each state has different laws for everything. you need to figure out what the laws are in your state. But in my state and probably many others as well I do not have a right to keep keys to a vehicle that isn't registered in my name or loaned to my buy the owners once the repossession has taken place. Not to mention I don't want them. After we get a car we move on to the next car we don't't dwell on the fact that we might have to get it again. If the lender is nice enough to give you a nother chance good for you, but stay on top of things our we will be back with or without your keys!
yes, some companies can use the key to decipher the actual code number, then give to the lien holder to keep on file, out here it ca, it comes in handy, most people out here get there car repo'd two separate times, sometimes three
Do mother birds really abandon their chicks if a human touches them?
A person who sells clothes is called?
Mrs Smith has nine children half of them are girls . how can this be true?
Are Danny Devito and Joe Devito related?
What times what equals 7?
What is the Answer to rebus puzzle 1 knows?
Many southern states try to block school segregation by?
What was the following demonstrates a goal of muckrakers?
If you could make one change to the education system, what would it be?
Is it safe to take a shower during a thunderstorm?
Why is the clock tower in London called Big Ben?
Why don't satellites crash into earth?
Where is the origin of the Panama hat?
Have you ever crashed a wedding or had your wedding crashed, if so what happened?
How many times did Joe Biden run for president?
What is the world’s oldest soft drink?
What does a Markup tag tells the web browser?
Who is the dubbing artist for raghava Lawrence in Telugu?
Is best defined as the total weight of persons gear equipment stores fuel and motor assembly found on a vessel?
Does a queen mattress fit in a Chevy Equinox?
Where do you find the PCV valve in a mistsubishi 4d56 engine?
Why glider pilots gain height by flying over large ploughed fields?
What is the summary of the poem kitchen by taufiq rafat?
What are the characteristics of the various materials that are used with regard to the bending operations and why do some materials require to the addition of heat to aid the bending process?
Copyright © 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.