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Can you repossess a car in Colorado which you financed for a boyfriend soley in your name even if he has been paying as agreed and you only have a verbal contract?
Wiki User
∙ 18y ago
IF the TITLE is in your name ONLY, it is your car and you can take possession anytime. Be prepared for a possible countersuit for BOC by the ex. Good Luck
Wiki User
∙ 18y ago
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In Colorado can you repossess a car from an ex if you financed it in your name but he has been paying as agreed?
He wouldn't have any rights as long as the car is registered in your name. Now if the car is registered in his name then technically he is the owner of the vehicle and the financing contract would not have any bearing on the owner of the vehicle in question.
What are the proper steps to repossess a motorcycle you financed for a friend?
depends on what state you are in.
Is Wells Fargo required by law to send a notice before they repossess your car?
No. Their terms and conditions were laid out for you in the contract which you signed when they financed your vehicle. If they do give notice, it's more as a courtesy, and also because they'd much rather you make your payment than to have to repossess your vehicle.
How do you legally repossess a car from someone late on their payments that's in lien to you but registered to them?
From my Experience All you really need is a written Contract on the said property, Dealers, Used car lots, and Banks register the property financed so it shows the lien on the title. Private sales with money owed if you have a written contract you can repossess on site. if this is an oral agreement, You will have to go through the small claims division of the county courts
Is it legal for a dealership to repossess a vehicle that was not financed only a bank error without letting you correct the problem?
YES
Can a car dealership who in-house financed the car repossess it?
YES, if they have the folks, ect. to do it. A lot of note lots do so.
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.
Delaer can't get vehicle financed after 10 days of signing contract?
What is a Delaer?
Does a Florida car dealer have the right to repossess a car if financing fails and if so can a sales rep repossess the car without being a licensed repossession agent?
Yes, in both circumstances. When you sign the contract it is pending approved credit. The dealership owns the car and figures it can get you financed by the banks but when that fails to happen the dealership still owns the car. You are just driving till the contract is bought by the bank. The Sales rep can and will get the car because it isn't being reposed. They own it and he is representing them in getting it back. Sorry it happened to you but it does happen out there
What happens if I cancel my car contract that financed for 5 years for personal reason and its been a year and a half that I have paying the fees?
A contract is a binding legal agreement, and you cannot cancel the contract. If you fail to make your payments on time they will repossess the vehicle. They will then sell the vehicle for whatever it will bring, and you will be required to pay the difference in the selling price of the vehicle and the balance on the loan. You will also pay all repossession fees. Your credit will be ruined for 7 years due to this action.
What legal issues should a person consider before buying a owner financed house for rent to own?
Before buying an owner financed rent to own home be sure to have the contract checked out by an attorney. It is necessary to know what might violate the contract prior to signing.
What can you do if an automobile dealer cancels the contract after ten days?
Generally, an automobile dealer cannot cancel a financed contract after ten days. If this happens to you, you should contact a lawyer.
