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Nope. Pure and simple, the car is their property - they own it outright as they put the money up (paid the dealer or private party) so that another could purchase it over time and eventually own the car. The lender will do everything in their power to collect on the debt ... there is no such thing as a "free ride" in America!!

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Q: Do they give up on repoing a car?
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Related questions

Can tell the person who is repoing your car to leave your property and do they have to notify the resident that they are taking the car?

The person repoing your vehicle should let your sheriff office know about the repo within 24hrs. When they come out to repo your car they should have the contract and a copy of the title. It's the law. You CAN tell them to leave and they should leave. They do NOT have to notify you that they are repoing your vehicle.


Is Lizard Lick Towing repoing Austin Dillon's car?

Yes


What is the likelyness of a creditor repoing a car f only late fees?

Highly likely.


Can a repo man take your car without showing you any paper work?

Yes, they can. They can not however breach the peace. So if you catch them in the middle of repoing your car and you tell them to drop your car and leave, they have to drop your car and leave. Yes, they can. They can not however breach the peace. So if you catch them in the middle of repoing your car and you tell them to drop your car and leave, they have to drop your car and leave.


When repoing a car in Florida if debtor does not give up the keys are you allowed to have a key cut?

In any state, what you do with the car AFTER the repo is up to you and the lender. Before the repo, yes, sometimes key cutting is the only way to get the car.(blocked in,cant get to it with a truck,ect) Some keys are very expensive, so make sure you really need one before you pay the money.


Can you sue a dealership for repoing your car for non payment you had the car since October and they just put you with a bank in December They also messed up all your paper work?

Not likely. There is usually a clause that the car has to be paid for by a certain date and bank delays mean nothing.


Can a lien on your car be enforce if company sold debt?

i have been repoing cars for ten plus years ,and yes they buy the rights along with the debt


Is there a way to get your car back without having to pay the entire balance as stated by the financing institution?

Only if the lender broke some law while repoing the car. Call a local attorney for state specific advice.


Can you start a business just repoing 18 wheelers?

Yes


What do you do if a lienholder has put a repossession on your credit report without retrieving the car with the damage already done to your credit?

First question is, was there a repo? Was the car NOT worth repoing? The lender doesnt have to retrieve the car on any certain day. You still have the option of paying off the loan.


Can you legally repo a car in the state of GA if you sold it to a friend who is not making his payments?

You wouldn't exactly be "repoing" your OWN car, now would ya? As long as you are on the TITLE as owner or c-owner, go get your car. Be ready when they call an attorney. Have some kind of proof that they are in default of the agreement.


Can a co-signer have a car legally repossessed because of non-payments?

NO, that is the job of the leinholder. YOU dont want the responsibility of repoing it either. IF you are listed on the TITLE as co-owner, you can go get your car. Otherwise, sit back and enjoy the fruits of co-signing.