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Yes! I actually work at a credit union, and this happens all of the time. It's not technically a "reposession" it's called "being impounded" but it is basically the same thing, the car is reposessed because you did not follow the security agreement that you first signed when you did the loan.
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∙ 15y ago
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Can your car get repod if you have the title?
If you've used it as security for another loan, yes.
Do you need to have insurance on a car when transferring the title?
No
Can you sell a car you have paid cash for and have receipt on but not personally titled?
No, you cannot sell a car that is not titled in your name. That would be a crime, transferring stolen property. The car legally belongs to the person whose name appears on the title.
Can a matured car loan get repo?
Any car you owe money on can be repod, unless you file bankruptsy
You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
Can you transfer a car title to a new car?
No. Each car has its own separate title so you can't transfer it to a different car. You can, however, transfer title of a car from one person to another. That is part of transferring ownership of the car.
Can a 16 year old legally own a car without parental consent?
Legally they cannot hold title to a car. Someone else has to be listed on the title.
Where can you sell a car for parts without a title legally?
You can't. Get a duplicate title.
Who owes the car the person with title or bill of sale?
The person with their name on the title legally owns the car. Bottom line.
Can you get a title loan on a financed car?
Legally, NO !!! can you, sure!! LOL
Can you get empty car title?
Not legally. A title is a certificate of ownership, a blank title would be too easily exploited.
Can you legally sign your spouse's signature on a car title to borrow money against it without their knowledge?
Not legally...
