READ the contract. It listd the LEGAL reasons a creditor can repo when you are in DEFAULT. Usually they are NOT PAYING, No insurance coverage,using vehicle for ILLEGAL activities, taking out of state without the lenders permission, 3rd party possession.... MERRY Christmas
The answer is yes, if the creditor brings you to court on the matter.
In the state of Texas, yes the creditor can follow for the deficiency balance.
No. Mandatory auto insurance is a state law in Texas.
after living in Texas for 30 days they can get their car registered in Texas. :)
Click this link and it will provide the information you need.http://www.dmv.com/tx/texas/custom-vehicle-registration
To properly register a foreign car in Texas the owner of the vehicle will have to have local insurance, driver's license, a fill out several forms of paperwork. The paper work is to ensure the car as legally brought to the country.
When you signed the contract to finance the vehicle, the creditor put a lien on the vehicle. In the rare event that this was not done, it can be done later in some cases.Also, a creditor can place a lien on an already financedvehicle if there is more equity in the vehicle than the amount of the original loan. Generally, a creditor who obtains a judgment lien against you can arrange to place that lien against any property you own in order to satisfy the lien.
You will not be refunded. If the transaction takes place in Texas, you will pay Texas sales tax appropriate to that county. If a Texan were purchase an auto in Okla, they would pay Okla taxes. Fair is fair. >>>>>>>>>>>>>>>>>>>>>>>>> I was under the impression you only pay sales tax to the state in which you register a vehicle. If the dealer got you an Okla. registration no harm done. If not show the sales tax receipt to the motor vehicle clerk when you register the vehicle or they will charge you tax too, and if they do the dealer had no right to charge you and you should demand a refund. yes u should ======================== The first answer is correct. If you buy a vehicle out of the state you reside, you do have the option to buy the vehicle on a temporary tag and then pay the taxes and register the vehicle when you return home. ++++++++++++++++++++++++++++++++++++++++++++++++++++ If you purchase a vehicle in Texas for use exclusively outside of Texas you are not required to pay Texas motor vehicle sales tax. You must also complete the Texas Motor Vehicle Sales Tax Exemption Certificate. (Texas Administrative Code / Title 34 / Part 1 / Chapter 3 / Subchapter F / Rule §3.90) Basically, if you are a resident of another state and buy a vehicle in Texas, you do not have to pay the 6.25% Texas motor vehicle sales tax.
Yes, when you transfer the vehicle to your name, you will pay the taxes in the state you register the vehicle in.
Call Department of Public Safety for any vehicle registration questions.
Yes, in the state of Texas, a creditor can come right to your house if you owe debts. However, in other states, the creditor must first get court papers to just show up at your residence.
In law 48, what is a creditor? Is law 48 fair to creditors?