Yep!
If they come to repossess it, and you claim to not know where it is, then the repossession agent will report it stolen. At that point, anyone found in possession of it is in possession of a stolen vehicle.
Anyone that is in a vehicle can be charged or held responsible for what ever crime has occurred.
If you get pulled over with a stolen template on your vehicle you may be charged with theft and you will also be charged with having an unregistered vehicle on the road.
In the event that the possessor of the vehicle is not a contracted party, or if the contracted party is actively seeking to hinder repossession, then yes, the lender can report the vehicle stolen.
What exactly are they going to repo,you the vehicle was stolen and you no longer have it right, come on use the thing attached to your kneck.
You don't. Purchasing such a vehicle could result in you being charged with receiving stolen property. If you are purchasing an abandonded previously stolen vehicle from a police auction, they will provide a clear title. Otherwise, steer clear of such transactions.
that would just make it easy for him to go and have the title transfered into his name after you take back possession of the vehicle and then report it stolen. which means you would be charged with grand theft auto/receiving stolen property, which is a felony. if it was stated in your divorce decree that he is awarded possession of the vehicle, then it is something that you would have to take to court. i would recommend contacting an attorney to find out the laws on this. there may be a statute of limitations on how long he has to transfer a title.
is this vehicle stolen?
The repo will effect your credit. The judgment the lender will get will effect your obligation to pay the deficiency balance. the letter wont effect anything UNLESS the car WAS stolen.
If you are found in a missing or stolen vehicle, regardless of your reason for being in it, you will almost certainly be charged with a criminal offense. Grand Theft Auto would be the most severe, but Unauthorized Use or Tampering of a Motor Vehicle would be more likely. To get out of it you'll have to prove beyond a reasonable doubt that you had no idea that the vehicle stolen, and that you had a legitimate reason to be in it.
If you have signed the vehicle title over to them as security for the loan, or they hold some kind of legal paper giving them ownership, yes. If you don't pay back the loan, or fail to surrender the vehicle to them, legally the vehicle belongs to them. ----------------- No, it is a civil matter. They can repossess the vehicle, report as a default on your credit and sue you for defaulting on the contract. ------------------ READ YOUR LOAN CONTRACT! If you default, and then conceal the vehicle from them, or their repossession agents, you have "converted their asset to your own use" - which is the definition of larceny - which is a criminal offense.
If you have comprehensive coverage on your vehicle, that is the coverage that will pay for your stolen vehicle.