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NO. the repo rate would go to the bottom if they told you. BTW, they already did in the CONTRACT. Look at the DEFAULT clause.

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โˆ™ 2015-07-15 18:39:30
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Q: Does the finance company have to give you written notice before they repo a vehicle in CA?
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Related Questions

How long does the finance company have to hold the vehicle before they can auction it off?

20 days.


How can I sell a vehicle before I have paid off the finance company?

buy selling it for more than you owe on it .or pay the finance company the difference if sold for lees than the balance owed.


What type of notice needs to be given before repossession of a vehicle?

Actually a company can reposses your vehicle without notice. When the terms of a finance contract is broken the company has all rightd at that time. They are under no obligation to notify you.


In Texas do they have to inform you before they repo your vehicle?

It is probably stated in your finance or lease agreement that if you don't make your payments on time that the finance company has the right to repossess the vehicle. Consider yourself informed. Long story short, if you don't want your vehicle repossessed you need to make your payments.


If a finance company is taking you to court for a vehicle can they still try to pick it up before the court date?

They can take it and then try to collect the balance due on the contract.


Can a finance company call your job before allowing the loan to process?

Yes, a finance company can call to verify employment if they deem necessary.


Does a finance co have the right to repo your vehicle if impounded by police?

Absolutely. Here's the thing of it - as long as they hold a lien on it, it is not YOUR vehicle - the finance company is the sole legitimate owner of it until you pay off that lien. When a vehicle gets impounded, there's a limited window in which it can be reclaimed before they auction it off - the priority of the state collecting on a debt outweighs those of private institutions, and they can sell the car with the purchaser being free and clear the moment they buy it and effectively break the finance company's lien on the vehicle. The finance company isn't going to be keen to let this happen, and will take steps to ensure that it doesn't, including repossessing a vehicle they fear will be lost in impound.


When did the New Zealand-based company South Canterbury Finance collapse?

At the time South Canterbury Finance was the largest local finance company in New Zealand. The company started it's collapse in the summer of 2010 before collapsing August of 2010.


What happens if you buy a car with outstanding finance?

Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.


Can you change from an buy to a lease in 1 day after signing a contract to purchase a vehicle before delivery of the vehicle?

It depends on where you are. Here in Tennessee, there is no "cooling off" period. Once you sign the paperwork, the car is yours. The only way to change it is if the dealership and/or finance company agrees.


Can a vehicle that is without a lienholder be repossessed by a company before a lien is filed?

No


Is it legal to sell a car still under finance?

Selling a car under finance ( also known as a secured or mortgaged goods) is possible however many factors must be taken into consideration before doing so. Reviewing the terms of the finance contract are essential given that a number of car financiers and banks may have clauses that require you to disclose the intent and have the vehicle released from its charge. Legally ownership is not transfered without the agreement of the security being released by the finance company where the loan was secured and only after the loan has been settled. Resale values will affect any sale of a car. Depreciasion and condition are the most obvious which will leave you with a shortfall being an outstanding balance, to clear the finance on the vehicle. Private sales are most likely to gain the best sale price but wuill still leave you with a balance on the finance and therefore a liability. By selling the car you do not transfer the ownership of the vehicle. This means that a finance company could reposess the vehicle if you default on the payments or do not pay the balance on demand, regardless of who you sold it to.


What exactly is a welcome finance?

Welcome finance is a loan company in which they have a limited amount of loans. They are fair and helpful so if you have the chance of joining I recomend you do before they no longer have space.


Can purchaser cancel auto financing?

The only time the purchaser can cancel auto financing is in the begining of the loan during the "interview" with the finance company. That is one of the reasons the dealership will not tell you who the finance company is before they get "funded" by the bank. If you knew who the finance company was before the dealership gets funded then you can cancel the financing. The other issue you have is the contract signed with the dealership. They can still say they will be the bank and stick you with the car and the financing.


Can you get insurance before getting vehicle registration?

No you can't. I'm having the same problem! In Michigan the Secretary of State requires a vehicle to be insured before you can register it but my insurance company requires the vehicle be registered in my name before they will insure it!


Do you have to agree before a company can charge you a finance charge?

You agreed to such action(s) when you signed the contract for the services or items.


What if car is impounded but all payment are current?

You still need to get the car out of impound. You have a limited time to do this before the impound lot puts a mechanic's lien on that vehicle. Once that happens, they'll be able to take possession of and sell your car, and you'll still be liable for the payments you owe to the finance company. If the finance company gets wind of this, they might repossess the car to avoid losing it over a mechanic's lien.


Can a car get reposessed if the previous owner owes finance on it?

Yes. Prior liens must be paid off before you take title to the vehicle.


How long does a finance company have to repo your car before you can claim it as yours?

Call a local attorney for state specific advice.


Is the business responsible if they are letting an unlicensed driver operate a company vehicle?

Yes. The company should be checking the validity of a persons drivers license before letting them drive any motor vehicle.


When you finance a car do you have to have insurance on it before you drive off the lot?

Absolutely! The dealer is not supposed to let the vehicle out of the lot unless proof of insurance is shown.


Are finance company required to inform police of a reposession before doing it?

Laws vary by jurisdiction, but typically, it is at least expected of them, if not required.


Do you need personal insurance to drive a comerical vehicle?

No, you can get a commercial policy for a commercial vehicle. If it's for a company you work for, I would make sure they had proper insurance before you drove the vehicle.


What are the unethical company and why?

Really? Do you check what you have written before you send a question????


Can finance company repossess car for no insurance?

Absolutely. The finance agreement that you sign when you purchase a vehicle states that you agree to carry full coverage on the vehicle and to list them as the leinholder. By them being listed as leinholder they get notified of any cancellations, late notices, and renewals on the policy. It also gives them some special rights such as a 20 day notice before cancellation instead of 10 days. You pay for the extra 10 days notice. The finance agreement also states the maximum deductible that you can have on the policy. Remember that the finance agreement is a legal contract. if you break any part of the legal contract they have the right to repossess the collateral (the vehicle). The agreement also states that you are responsible for a repossession fee in order to get the car back. There is probably storage fees involved as well.