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Do you have a contract with a "repo clause" in it? Anything about what will happen if the debtor is in DEFAULT? Do you have the means to actually repo a car? truck, tools, location of the car, etc? Does your state require a "right to cure" notice? Lots of variables here.

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โˆ™ 2015-07-15 18:32:13
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Q: Can you repossess a car if you sold it privately?
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Related questions

Can you repossess a car which you sold to a friend with a written contract stating that if payments are not made as agreed car will be repossessed?

YES.


Can an individual in California who sold a car with a private loan repossess the car when only one payment was made and the car has been mpved to Virginia?

Yes


What is Texas law on repossession procedures?

Can the police repossess your car? Can the police repossess your car?


Can you repossess a vehicle that you sold to a friend if you have a written contract for the sale of the vehicle?

yes, you are in a legally binging contract if you are both over 18 years of age and are therefore able to repossess the car.


Can a bank sue you after repossesion of a car?

After they repossess the vehicle they will sell it for whatever they can get. You are then responsible for the difference in what they sold the car for and the balance owed on the loan. If you do not pay this amount they will take you to court.


Should you take off your license plates when you sell your car?

In illinois, what is the law concerning license plates taken off your car that you sold privately?


My car was in an accident and is still at the body shop which hasn't been paid yet he finance company wants to repossess the car. Can they repo it from the body shop?

Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.


Can a dealership repossess your car if they are not the lien holder?

No. The lienholder is the only entity with a right to repossess.


How do you use repossess in a sentence?

Hey Hun, if you do not make the payments they will come to repossess your car.


Can you repossess a car on tribal land?

NO!


When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


When can a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


Once your car has been repossessed and sold in Ohio how can you find out how much it was sold for?

Usually you will get a sale letter from the finance company or bank letting you know where the car will be sold, at what auction, and once it is over they will send you a letter of how much the car sold for and the remainder they will send you a bill for. This is concerning a public auction of your vehicle. If it was sold privately by the dealership or whomever, the only thing to do is call and ask.


Can the state of North Carolina charge for personal property when they repossess your car?

The state doesn't repossess your car - private companies do that on behalf of the lienholder. They don't charge you for private property left in your car when they repossess it - that would be illegal. They charge a "storage fee" for the items they remove from your car. Underhanded, yes, but they can legally do it.


Can a sheriffs department repossess your car?

Yes.


Can they repossess your car when it is on your personal property?

Yes


Can a lien holder repossess your car?

Yes.


When can a bank repossess someone car?

when he has a credit


What is one advantage of buying a used car from a dealership versus privately?

Warranties ... a dealer will offer some kind of limited warranty. Cars sold by private parts are always sold "as is".


Can creditors force you to sell your car if they have a lien on it?

No, they cannot. But if you borrowed money to buy the car, they can repossess it if you do not square things up. If they take it, they can sell it for you, and you will still owe the difference between what it sold for and what you had left to pay on it.


Can a lender repossess a car if you do not pay down payment?

Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.


Does the lien holder have the right to repossess your car if you left on a handshake and you had no contract and it was a private lender?

Yes. If the lien is valid, a written contract is not necessary and the holder can legally repossess the vehicle in conjunction with the existing laws of the state in which the vehicle is located or in some cases where it was sold.


Do you have to have insurance to repossess a vehicle in South Carolina?

No, you dont even need keys to repossess a car in South Carolina


Can a car dealership repossess your car if they say you owe them more money for a down payment?

A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.


Can a used car dealer repossess a car that is not in delequent of payment?

No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.