YES. Read your contract. Does it say the lender cant repo IF you have no other vehicle? I think not. Less than a month behind??? Some lenders will repo when you get 3 days late. Any time you are in DEFAULT of the loan, the lender CAN repo. They may not, but they can.
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Related Questions
Can a disabled person's vehicle be repossessed in Florida?
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
Who is responsible for returning tags when vehicle is repossessed?
In New Jersey, it is the responsibility of the person who registered the vehicle. When the vehicle is repossessed, the person from whom it was taken will be contacted to allow them to pick up their belongings. At this time, they will be given the plates as well as any other personal items left in the vehicle. They can then be returned to the agency.
What documents would you need after a repossession of a car in order to get it back?
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
In Florida if your divorce decree states that each party gets a vehicle but one party allows a vehicle to be repossessed how does the other party get their name taken off the loan?
you don't. you get the vehicle and the payments.
Can a person be charged with grand theft auto under repossession if the vehicle can not be repossessed?
No, but they can be cited for contempt of court if a replevin or other court order is issued for the recovery of the vehicle.
Can the colction take your semi truck if i buy one?
If you don't make your payments, they can be repossessed, the same as any other vehicle.
What do you do when your vehicle has been repossessed during an insurance claim in Texas?
Same as any other repossession, CALL the LENDER. Work something out.
Does buying a repossessed vehicle raise your car insurance?
In this state buying a repossessed vehicle is no different from buying any other vehicle as far as insurance is concerned. The insurance agent checks over the car, takes pictures, checks the odometer, and quotes the rate just like any other used car. Of course if you have one car and you purchase a second car, your insurance goes up.
If you are a cosigner on a vehicle and the other person gets the vehicle repossessed then files for bancruptcy what happens to the cosigner?
you are still liable for that loan. the lender may decide to not accept the bankruptcy charge and go after you for the money.
Why are the wheels of vehicle provided with mudgards?
To help protect the vehicle and other vehicles behind you from flying mud and small stones.
If they repossess your vehicle can anything happen to the other vehicles that you own in your name?
No, Not unless you used one of the other cars as collateral for the loan that bought the car the was repossessed. Then they can take the collateral too.
Which sort of bankruptcy should one use to retrieve a vehicle in Florida that was repossessed yesterday?
A vehicle is a secured debt, therefore bankruptcy action would not reverse the repossession. Bankruptcy only places a temporary halt to repossession or foreclosure of secured property. The only option available to the borrower to recover a repossessed vehicle is to reaffirm the lending agreement or make some other type of settlement with the lender.
Can your vehicle be repossessed if you have finally caught up on the payments?
IF you still in DEFAULT of the contract in some other way(no ins.) yes it can be repoed. Depends... just payments no other fees etc. outstanding???
Is it a criminal offense to strip and sell parts off a vehicle before letting it be repossessed?
Yes. The charge might be grand larceny depending upon the value of the vehicle, amount received for the parts and other extenuating circumstances.
Can a plate off repossessed car be used on another vehicle?
Yes it can but you have to call the nrma to change the details of the car other wise they will think you stole the number plates
How can you buy a repossessed truck?
Go to bank or other place that repossessed the truck. Pay cash for it etc
If you have 2 vehicles and one is being repossessed can they take your other vehicle?
If you have multiple vehicles, chances are they are not on the same loan. If you default on 1 loan and are current on the other they cannot repo the other vehicle. If they threaten you with they will repo your other car, or threaten you with saying such as you will be arrested. I suggest you contact an attorney and save any and all messages.
Why should you make sure that you have cancelled your indicators after turning?
It may misguide other vehicle behind
What happens if one co-buyer of a vehicle lets the car get repossessed and moves abroad without paying the deficiency?
The other co-owner or cosigner will be responsible for the debt.
I paid cash for my vehicle and it was repossessed without any attempt to contact me am I entitled money back?
No, your down payment and any other payment you have made will be put to your subtotal for the car.
Does the co-borrower have any legal options to recoup losses against the other co-borrower when they default and they have to sell the car?
No. Not unless the co-borrower paid the vehicle off and does not have possession of the vehicle. If the vehicle was repossessed both parties are responsible for any outstanding debt.
If the person who repossessed your vehicle has no medical certificate which is required by federal law because the tow truck had a USDOT number does that make this an illegal repossession?
The Repossion Was Issued. This In Its Self Is Legal, Reguardless, Of How The Vehicle Was Recovered. Next The Feds Will Have To Handle The Other Violation.
If a car is parked too close behind you to be seen in the rear and side view mirror and you back into it who is at fault?
you are if your vehicle hit the other vehicle- you have too many mirrors on your vehilce not to notice another veh right beside you or behind you.
Can they repo another vehicle for ransom my daughter was told this by the repo man?
No. The only vehicle that can be repossessed is the vehicle for which the agent has a valid order of repossession, OR in some cases, a vehicle the agent encounters (such as reported by a camera car) in the process of locating another repossession. Anything other would be wrongful repossession or possibly grand theft auto and extortion.
Why do the average daily temperatures lag behind the solstices by about on month?
Yes the sun will be on the other side of the planet
