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Cars & Vehicles
Repossession

Can they repo your truck for not having plates on it?


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Wiki User
2017-10-10 17:23:36
2017-10-10 17:23:36

No. Repossession is done when the vehicle was financed and the borrower isn't paying the loan.


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Wiki User
2017-10-10 17:22:59
2017-10-10 17:22:59

You will probably never know the truth. looks like you "assumed" the notes from the owner and NOT the lender. Chances are that the owner was behind on the notes and that's why it was repoed.

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Yes. If he has a repo order, it is no longer YOUR truck.

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my work truck was repo and i retrived my truck back but my belonging are missing how can i get them back

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Probably not. He'd probably ask you to get out of the car.

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The "penalty" is a repo on your CR.,higher interest rates on future loans, and a possible judgement/wage garnishment against you. A repo is a repo is a repo in credit files.

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Its not as easy as it seems. Is your truck gonna handle the work SAFELY? REPO insurance is sky high.


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