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They can turn them in to the DMV, but do you want to take a chance on them doing that? Remember, the plates are yours and registered to you. If someone gets the plates and throws them on another vehcle and gets in an accident, say a hit and run and someone writes down the tag #, expect the police to come knocking on your door. To avoid a hassle, remove the plates from the vehicle. You have the right to since they belong to you, not the lender. If the car was taken before you could remove the plates, you have to get them back from the tow company. If your there when they are taking the car, the tow guy has to let you remove the plates. The plates do not stay with the vehicle and the tow co nor the lender has a right to keep them.
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When a car is repossessed what do you do with the insurance?
When a car has been repossessed the person paying the insurance should cancel it.
What do you do about your car insurance once your car is repossessed?
Cancel your policy.
Should you cancel the car insurance on a repossessed car in NJ?
yes
Should you cancel the car insurance on a repossessed car in Florida?
Yes of course you should!
How do you get your license plates back after your car is repossessed?
In Mississippi the plates remain with the car. You need to call the bank. They will give them to you most likely. File a stolen report and sue the lender in court.They do not have a right to your plates nor your personal propery.SUE THE BANK/LENDER NOT THE REPO MORON !!! You should Report The Plates Stolen and if someone gets cought with them That will be on the bank or the person that lent them out In Georgia the plates are to be returned to the debtor. they dont stay with the car anymore
Can they cancel your registration on your other car when you have a car voluntarily repossessed?
no, unless you owe the same bank money for both cars Tye only people who can cancel a registration on a vehicle is the registered owner or the Department of Motor Vehicles for violation of one or more of their rules and regulations.
Does Florida law required that you take off your plates from a car that will be repossessed car?
You don't have to remove the plates until they're invalidated (expired or revoked).
My Car was repossessed what do I owe the bank?
They will auction the car and you will have to pay the difference of what you owe and what the car sold for.
Can you make a profit on a repossessed car?
Yes you can make profit on the car if you buy it from the bank.
My car was repossessed can i get the radio i purchased out of the car?
Maybe, if you have the original, but, it is ultimately up to the bank.
Can plates from repossessed vehicle be transferred to new vehicle?
Short answer is yes, in most jurisdictions the plates are registered to an owner and a car. If you purchase a new car the plates are still yours. There are exceptions, the UK for instance
In Illinois isn't it illegal if a car is repossessed with the plates still on it?
when they repossess your car it makes sense that you would get it in the mail with a notice.
