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READ your lease. The lender can repo as long as you are in DEFAULT. As long as there is money owed on a contract, the collateral can be repossessed IF the contract is in default. Subject to some state guidelines.

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โˆ™ 2015-07-15 18:41:01
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Q: Can they repo a leased car 2 months before the end of the contract with payment schedule in place?
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Related Questions

When you sign a contract with your co purchaser and leased your car did he have the right to take the car back to the lot and get a full refund on the downpayment with out your knowledge or consent?

Technically yes, he probably did, but you are entitled to your part of the payment.


Can you return a leased car that was forced on you?

IF you signed a contract, it wasn't forced on you. If you didn't sign a contract you can return it as you wish.


What is the difference between operating lease and financial lease?

A finance lease is a form of financing that transfers substantially all the risks and rewards incidental to ownership over a leased asset from the lessor to the lessee. By signing the contract and delivering the leased asset, the lessor transfers economic ownership over the leased asset, while legal ownership is transferred only upon the expiration of lease, on payment of the final instalment. In a finance lease, the lessee uses the leased asset for most of its lifecycle, as with loans.An operating lease is a lease whereby all the risks and rewards incidental to ownership over the leased asset remain with the lessor. In this case, the lessor retains the economic and legal ownership over the leased asset, while the lessee has only right of use. Upon the expiration of contract, the leased asset is returned to the lessor. Under an operating lease, the lessee uses the leased asset for less than its useful life.


What are the expenses for leased owner operator truck drivers?

Fuel, insurance, maintenance and truck payment.


What happens when your leased vehicle is repossessed?

READ your lease contract. It should specify the results of repossession.


Can a lienholder repossess a car if it is not in default but in the impound?

As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.


Is leased land exempt from probate procedure?

The contract is an asset of the estate and is going to be subject to the probate procedure.


What is the homophone for leased?

leased


Does an auto dealer such as Nissan have the right to repo a leased vehicle if the vehicle is not insured?

YES. Read your contract. Does it call for you to maintain ins???


What age can you sign a leased agreement in UK?

You cannot legally sign any contract unless you are at least 18 years of age.


Is equipment rental an expense?

Yes if equipment is leased on rent then rental payment is expense through income statement of that specific fiscal year.


How does repo of a leased vehicle differ from repo of a financed vehicle?

NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.


What is Illinois' law for returning a newly leased or purchased vehicle?

As with any contract, you have three (3) business days to cancel the agreement.


You leased a car 3 days ago and want to rescind can you?

Highly unlikely they will rescind the contract. All you can do is ask the selling dealer. Legally the answer is no.


Where does the word farm originate from?

terra firma actually both in the sense of solid ground & later the firm or fixed lease payment for it 1334 any tract of leased land whether cultivated or not 1523 any tract of cultivated land whether leased or not


How can you get your car back you leased to a former friend that defaulted on the payment?

Hopefully, you had the good sense to put a lien on that vehicle. You can have a recovery agent repossess the car.


Is it illegal that tenants add someone to the leased address without owner's consent?

It is a breach of contract ; your lease agreement should govern the rate of occupancy .


Can a deceased person in Texas be sued for the return of a leased vehicle?

Yes, the estate can be required to return a leased vehicle according to the terms of the lease. If you read the fine print, it's there. Do you think that the vehicle should remain the property of the estate when it was only leased in the first place? That's the idea of a lease, the vehicle belongs to the leasing company and they let you use the vehicle for the terms of the lease. The terms of the lease are defined in the contract. If the estate of the deceased has been sued, I'm sure it is consistent with the terms of the contract.


What must be done in Active Directory before it begins delivering leased IP addresses?

Activate it


How old do puppy have to be before they leave the're mum?

At leased eight or nine weeks old.


Can any insured driver drive someone else's insured leased car?

You are covered if you are a licensed driver regardless what they say. A leased vehicle is owned by the leasing agency not by the person who is leasing it. The terms of the contract will designate who may or may not drive the vehicle and nothing else applies.


How can you find original contract information on a repossessed lease vehicle in Texas that has been re-leased to a different party?

One could contact CARFAX.


I have a friend whom has a Leased Vehicle they tried to repo her car because of ONE unpaid parking ticket?

The only way her vehicle can become repossesed is if she missed a payment.


Am I Held Accountable For Maintenance And Repairs On My Leased Equipment?

Yes, as the Lessee, you're accountable. Who owns the leased equipment are the Lessor throughout the lease term, consider the Lessee (you) has having the equipment throughout the word from the lease the lease contract passes all obligations of apparatus repair and maintenance for you.


If you leased a car out to a family member and the loan is not paid off an they are trying to skip town what do you d0?

If the loan is in writing as a legal document you can take them to court for breach of contract.