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Can the bank repossess a vehicle even if the payments are current?
Wiki User
∙ 8y ago
Not IF you reaffirmed the loan with the creditor.
Wiki User
∙ 8y ago
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Can a bank take a car that some else as a lien on?
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
Your father died and had just bought a new vehicle what happens with this vehicle will the bank take it out of his estate?
The bank can repossess the car if payments are not made.
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Can a bank still repossess your car if they said they would cancel it and you have made payment arrangements to get current?
If you continue to make payments as agreed, on time, you should be safe from repossession.
Can your car be repo'd by the dealer if you still owe on the downpayment even if your payments are on time to the bank my payoff on my trade was more then what i knew now they are charging me?
If the car is financed through a bank, the bank is the only agency with authority to repossess the vehicle. The dealer, once paid by the bank, no longer has any claim to the vehicle.
How do you go about taking over another person's car payments?
I believe you need to go with the current owner of the vehicle to the current bank that the vehicle's current owners is an affiliate of. Best bet is to get with the other party and then try to get ahold of the bank and go from there. .
If a person dies can you give car back to bank?
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.
If you are current on your payments can the car dealership who sold you the car repo it or is the bank that is financing the vehicle the only one who can do that?
The bank/finance company. The dealer has already been paid for the vehicle
When can a bank repossess someones car?
When the owner defaults on the loan payments
How do you use repossess in a sentence?
The bank's repossession of their house left the family with no place to live.
Can a bank repossess if the borrower defaults and there is a cosigner on the vehicle?
The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.
Is it legal to repossess your work truck when you are self-employed?
Yes, if you are not making the payments the bank can repo your truck.
