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Does a Florida car dealer have the right to repossess a car if financing fails and if so can a sales rep repossess the car without being a licensed repossession agent?
Wiki User
∙ 12y ago
Yes, in both circumstances. When you sign the contract it is pending approved credit. The dealership owns the car and figures it can get you financed by the banks but when that fails to happen the dealership still owns the car. You are just driving till the contract is bought by the bank. The Sales rep can and will get the car because it isn't being reposed. They own it and he is representing them in getting it back. Sorry it happened to you but it does happen out there
Wiki User
∙ 12y ago
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Is a repossession vehicle allowed to repossess a vehicle inside a private community in the state of Florida?
If the repossessor is allowed in, yes. They cannot force their way into the community.
How can you legally repossess a car in Florida that you hold a lien on?
Your best bet would be to contact a repossession company there. You happen to be very lucky, there are some major companies there that are extremely effective. Check your local yellow pages.
How many people are licensed in Florida?
About 100,000 are licensed in florida
Can a lender report a vechicle stolen while trying to repossess in the state of Florida?
In the event that the possessor of the vehicle is not a contracted party, or if the contracted party is actively seeking to hinder repossession, then yes, the lender can report the vehicle stolen.
Can Georgia agents repossess a car in Florida?
yes
What is Florida repossession law?
on products, not vehicles
What happens if you conceal a car on repossession in Florida?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
Is it illegal to conceal a car from repossession in Florida?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
In Florida can they repossess your truck after taking a payment?
They can if you did not comply with the terms of the loan.
Can a repo take place at your work in Florida?
A repossession can be executed anyplace or time that a person holding the repossession order sees the vehicle in question, as long as the repo man does not violate the law in doing so. That said, Florida law does not restrict repossession according to location.
Who is responsible for damage to the yard during a repossession in Florida?
The LIENHOLDER is ultimately responsible for anything that happens during a self help repossession.
What if your car is registered in North Carolina but you move to Florida under a repossession?
Ouch! If your vehicle is up for repossession and you have moved from any state to Florida, you may find it difficult to register it or any other vehicle in Florida until the repossession matter is settled. Additionally, you can be criminally prosecuted in Florida if you attempt to hinder the lender in securing their collateral. Further, the repossession agents in much of Forida are among the best in the country, and the ratio of camera cars is pretty high; your vehicle will be found, and they will take it, probably at the most inconvenient time for you.
