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MOst likely your contract calls for you to insure the car. For your own protection, you should contiue the ins. coverage.

2015-07-15 18:37:55
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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.


Should you keep insurance on a repossessed vehicle?

Only if you intend to get it back.


What can you do if lender doesn't repo vehicle when you are in default?

Keep driving it. Keep it insured. Maybe someday they will figure it out; so make sure you have an alternate means of transportation. I have a car that was "repossessed " in 2004. Still have it. Just want to get rid of it now. That is a REAL question.


Can they keep the stuff in the vehicle that was repossessed?

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Can you keep a vehicle after filing chapter 7 if they have not repossessed it?

You can only keep the vehicle under two circumstances: (1) sign a reaffirmation agreement and keep making payments; or (2) redeem the vehicle by paying of the balalnce. If you fail to do either, they lender can get permission from the bankruptcy court to repossess the vehicle. In some states, such as Missouri, you may keep the vehicle if you continue to pay on it.


Do you have to pay on a repossessed car if not sold?

If it has been repossessed the lender will usually stop all collection activities until the vehicle is disposed of through sale. It is unusual but the lender could decide to keep the vehicle but should they do that than they waive their right to a deficiency.


Should I keep making payments in a VW diesel car?

If you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.


What would happen if you made payment arrangements for the payoff of a repossessed vehicle but could not keep them?

If you kept the repossessed vehicle, the lender could reposses it again and sell it. If this was just a contract to repay the debt, they could sue for money damages just like it was a promissory note.


How can you buy a repossessed vehicle directly from the bank?

Banks often keep repossessed vehicles in their parking garages. or in an appropriate storage area a reasonable distance from the bank. Walk into the bank and ask for the person in-charge of repossessed vehicles. Once onto the right department, state that you wish to purchase a particular repossessed vehicle when the title has cleared with the bank...and don't be intimidated into thinking you can't bargain, you can. Good luck.


What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?


Is there a way to suspend coverage on a vehicle that will not be used for a period of time but still keep it insured and reactivate the coverage when you want to drive it?

This is a contradiction: To "keep it insured" is to keep the coverage, not to suspend it. I think you are talking about a storage waiver, which is something a lienholder would be able to discuss with you. If you have a loan on the vehicle, the lender obviously requires you to keep the vehicle insured. If you STORE the vehicle, however, the lender can or may issue a 'storage waiver', allowing you to discontinue coverage for the time the vehicle is in storage. They set the terms and you must talk to your lender first to determine the requirements of the waiver. If you do NOT have a lien on the vehicle, no outstanding loan, then you only need to carry liability coverages. If you intend not to drive it for a period of time, you can cancel the liability coverage for the time the vehicle is in storage/not being driven. For your own security, however, you should be absolutely certain no one else has access to the vehicle during that 'storage' time.


Can your boyfriend add you and you still keep your own insurance policey?

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Can your vehicle be repossessed after you file Chapter 7 bankruptcy?

No. But they can ask to be excluded from the bankruptcy. Usually a deal can be made with the lender to keep a vehicle. If it is covered by the exemption and the borrower lives up to the contract agreement.


What insurance companies provide company vehicle insurance in Miami, FL?

It is very important too keep your company vehicle insured. I would suggest contacting AllState insurance for a quote.


What are the laws in Maryland regarding retrieving personal property from a repossessed vehicle?

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Does a car company have the right to repossess a leased vehicle if it is fully insured and all payments are on time and are you obligated to take it back if it is unlawfully repossessed?

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If your car is repossessed in Illinois and the lender wants full payment can you file for bankruptcy within a certain amount of days so that your able to keep your car?

Bankruptcy does not prevent a vehicle from being repossessed. If the debtor/borrower wants to keep the vehicle they must reaffirm the loan with the lender. Furthermore, new bankruptcy laws require the borrower to repay the entire amount of the loan and applicable fees rather than the discrepancy between the loan and the amount recovered in the sale of the vehicle.


Is it illegal to keep a repossessed vehicle in VA?

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Does a divorce decree keep a car from being repossessed?

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If you keep your money in an FDIC-insured bank how much of your money is insured?

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When a car gets repossessed can they keep the personal property that was in the car?

If you take your personal property before the vehicle is picked up, you can keep it. If you voluntarily turn in the vehicle you get to keep anything you want. If they have to hunt it down and tow it off, you're just out of luck. They'll throw away anything that was in it and if someone picks it up, it's theirs.This is not true.. The creditor must account for all personal belongings found in a repossessed car.. The below answer came from the following site... http://www.fair-debt-collection.com/searches/repossession.html"What happens to personal property left in my car?Personal property does not apply to improvements made to the car, such as a CD Player, stereo or luggage rack. It only applies to items not connected to the vehicle. The creditor or whoever repossessed the car CANNOT keep or sell any personal property found inside. If the creditor or whoever repossessed the car cannot account for personal property left in the vehicle, you may be entitled to compensation and should consult with an attorney"


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Yes, the business where the vehicle is located must allow the retrieval of personal items from the impounded vehicle, and is required to keep those items secured until they have been returned to the legal owner or the court rules otherwise.


Can a vehicle in front of you on the highway be going the same speed as you if you keep the same distance apart?

Yes because if the car in front of you was going faster, the distance between the vehicle your in and the one in front of you would grow but, if the car was going slower than the speed your going, the vehicle will become closer. :)


Will sending a finance company a cease and desist letter allow someone to keep a car?

No. A C&D letter is simply a request to cease contact. The vehicle can legally, and probably will be repossessed.


If you hold the title and its in your name can your vehicle still be repossessed?

Well, if the title lists no lienholders, it cannot be repossessed. If it lists one, it would be best to surrender it or don't keep anything in it of value. Yes. Even if the lien is not recorded on the title, it hass probably still been filed with the state.