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What else can I help you with?
Who is responsible for damage to a vehicle during a repossession?
the person the vehicle was leased to is responsible as they are the ones that have caused the vehicle to need to be repossessed.
Repossession of a leased car in ct?
YES LEASED VEHICLE SCAN BE REPO'D, YOU NEED TO READ YOU LEASE AGREEMENT AND CHACK LOCAL AND STATE LAWS.
How does repo of a leased vehicle differ from repo of a financed vehicle?
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
Can your federal income tax return be garnished?
If you owe back taxes, or owe the social security, have a judgment aginest you the taxes can be garnished.
The meaning of repossession?
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.
Is a leased vehicle considered an asset?
Yes, a leased vehicle is considered an asset because it has value and can be used to generate future economic benefits.
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.
Can you return a leased vehicle after one day?
why not.
Can a teen drive a leased vehicle?
No They Cannot.
Is money still owed if leased car is repossessed?
Yes, and potentially more than was owed before the repossession due to accrued fees.
What are the vehicle repossession laws in Colorado?
Wave goodbye to the car and all its contents. Oh! You can remove your children and pets, I almost forgot. * The lender must send the borrower a "Right To Cure" notice twenty days before initiating repossession methods. The exceptions to the law are, "skips", leased vehicles, lack of insurance coverage on vehicle, or the vehicle is in the possession of a third party. The repossession must be done without constituting a breach of peace as defined under Colorado law (vehicle cannot be removed from a garage or other private building locked or unlocked, vehicle cannot be removed from posted property or by means of removing a lock or other device upon a gated area, and so forth).
How do you find where your old leased vehicle is?
Purchase a Car Fax report.
