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No. The repo man is not going to walk up to you and say "I'm here to take your car; could you sign these papers, please?"
You may be asked to sign papers afterward, if you're very lucky; papers agreeing to pay back the deficit between what you still owed on the car and what it was actually worth. If you're not lucky, the only thing you'll be asked to sign is a check for the full amount of the deficit, plus the repossession fees (probably $300-500).
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∙ 10y ago
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Do court papers have to be served before your car can be repossessed?
That depends on the state law, but generally, no.
What if you sign papers but did not give them a blank check for a new car are you still responsible for the car?
Once you sign the papers you are responsible
Can you take a car back after you sign papers on it?
yes
What if a car is repossessed in error?
Take your papers down to the dealership and discuss it. Unless they picked up the wrong car, it is likely you missed a payment or so.
Must you receive court papers before your car is repossessed?
It depends on the state, but usually it is only required that the lending institution have the papers. In general, you already know when the loan is in default.
Do you get the car after signing all the contracts from a used car dealership?
Yes, you should get the car after you sign all the papers.
What happens if you get your car repossessed?
if i get my car repossessed, can they put a llien on the house?
How can you locate your repossessed car?
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
If you are a co-signer on a car and it gets repossessed can you take the other person to court?
On what grounds??? Forcing you to co-sign?? NOT
Do you have thirty days to return a car to a dealership until the sale is final?
NO! Once you sign the papers, it is your car.
How long after you sign settlement papers can you expect a check for a car accident?
for ever
Can your son trade in your car to get him a new car?
Yes, but you would have to sign the papers for the title of your car to be transferred to the new owner.
