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Can your son-in-law have your vehicle repoed even if you have been paying him every month the agreed amount and sometimes more?
Wiki User
∙ 8y ago
Maam, if its a personal disagreement between you and SIL, your best option is go borrow enough to pay him off ASAP. Some relatives dont make good lenders. Did you sign a contract of any sort? If so, did it have any clause pertaining to DEFAULT? Legally, you have to be in default to be repossessed. Good Luck
Wiki User
∙ 8y ago
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If you ask a dealership to buy back a car does it count as a repo?
No it does not, that counts again as a sale exchange, so long as the full amount of debt do the lender has been paid back. A reposession is when you are unable to fulfill your agreed upon contract (paying your debts as agreed) the lender will then Repossess the "goods" and resell them for what it left on the loan to equal out the debts. However in the case of "goods" that depreciate in value (like a vehicle) sometimes they are resold for less than the loan is, and you can owe money on the vehicle still.
Can a lender change the amount they agreed that you owed on a repossessed vehicle the next day and be verbally abusive?
I guess the lender could make a mistake on the amount and have to correct themelves. Verbally abuse you?? NOT. Call a local attorney for state specific advise.
Can the seller legally repossess the car if the agreed amount has been paid but the title has not been transferred due to the seller's negligence?
Sounds like you need to call a local attorney for state specific advice. You are into an area that will require a judgment/judge and that's NOT me. Good Luck I just posted this question, here is the entire situation. I live in PA, paid the seller (a friend) the agreed upon amount of $2300.00 over the course of 6 months, the final payment coming in August 2004. All debts were satisfied; however, the seller kept putting off the title transfer after numerous requests by me. This week the vehicle was repossessed by the seller for no reason. I reported the vehicle stolen to the police and the police stated that since she still has the title she needs to make the report. I discovered that she indeed repo'ed the vehicle for what she states as failure to satisfy the agreed upon amount. I have proof that I paid her the entire amount and the fair market value for the vehicle is $2100.00, $200.00 less than what I paid the seller. Does having the title in the seller's name give the seller legal rights to take back the vehicle even after all agreed upon debts were satisfied? If the title is in her name, the police are going to say it's her car until you get a lawyer and sue her. With documentation of the agreed price and payments made, you should have no trouble convincing a judge.
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