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Do you still owe title loan after vehicle is not working and repossessed?
Wiki User
∙ 2007-07-13 21:14:43
YES! Including any interest.
Wiki User
∙ 2007-07-13 21:14:43
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What can happen if you don't pay a title loan and you still have the car?
The vehicle can 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.
Can a vehicle still be repossessed if written off?
Yes most likely. If the lender is still on the title, if not then they cannot, without some sort of court order.
Can a person who holds title to a vehicle have it repossessed from someone driving it as a loaner?
Report it stolen.
If an auto loan is in one person's name and the title in another person's name can the vehicle be repossessed?
Yes.
Can a vehicle be repossessed if the title has no security interest on it but you used the vehicle to get the loan but never gave them the title?
a lien can be placed on a title without you giving them the title. call your states DMV and ask if you car has a lien on it. I think you will be surprised. Good Luck
Clear car title car for repossessed car?
098765445436376547274574 After the vehicle is repossessed and the lien holder (lender) has physical possession of the vehicle (after following state law requirements) they would simply request, and pay for a new title at a cost of a few dollars, and upon proper proof of a proper repossession.
After you buy a repossessed car does it stay marked as repossessed as long as it is driven even though it is paid off?
The car isn't damaged, the debtor's credit rating is. There is no permanent record of the car as a repossessed vehicle like there is for a salvaged title.
Can a car be repossessed in California without a lien being placed on the title?
IF the loan is perfected, it can be repossessed. If you have signed a loan contract with the vehicle specified as collateral for that loan, it can be reepossessed if the loan is in default.
How do you get a title for a car that has been charged off for non payment?
Pay it off. It will still likely be repossessed.
Does a finance company need a license in Ohio to retail a repossessed vehicle?
No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals. No, there is an exemption under Ohio law that permits finace companies to dispose of repossessed vehicle without a dealers license. Sale and title work is the same as a casual sale between individuals.
If your car is going to be repossessed is it legal for you to sell it before the actual repossession?
Not without permission of the lender. A vehicle cannot be sold without a clear title of ownership. The lender is named on the title of a vehicle as the "lienholder" until the vehicle is paid for or otherwise released by the lienholder.
