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Yes. If the lien is valid, a written contract is not necessary and the holder can legally repossess the vehicle in conjunction with the existing laws of the state in which the vehicle is located or in some cases where it was sold.

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โˆ™ 2006-12-26 14:24:53
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Q: Does the lien holder have the right to repossess your car if you left on a handshake and you had no contract and it was a private lender?
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Related questions

If you are the lien holder on a car can you reposs a car if there is no insurance on it?

Whether or not a lien holder can repossess a car if there is no insurance depends on the contract, local law, or both. In this state, a verbal contract is valid. You will need to check local law.


Who may Repossess on another persons property?

Whomever the lien holder has hired for that purpose. Providing you have defaulted on the payment terms of your contract.


Can a lien holder repossess your car?

Yes.


Can a dealership repossess your car if they are not the lien holder?

No. The lienholder is the only entity with a right to repossess.


Can i repossess a car if have a lien on the tile?

If you are the lien holder, yes.


What does a private seller have to do to repossess a car that has been transferred into buyers name but still list seller as lien holder?

go pick it up, if they refuse, go get the police


Who can repossess your car?

An Authorized Recovery agent working on behalf of the lien holder can repossess the vehicle from the lessee. It is Illegal in the state of Indiana for someone who works for/ at the car lot or for the lien holder to repossess a vehicle under the car lot/ lien holder's company name. The duty of repossessing a car must be hired out to a recovery agency.


Can one owner repossess a car from the other owner?

You can repossess a car from from any one as long as your down as a lean holder on title. If your name is not on the title as lean holder than you can't take the car.


Can a lien holder repossess your car if you have a clear title?

sure can if they have a title too


Can a bank repossess a motorcycle?

Yes, unless there is a another previous lien holder.


Can they come and reposses a car from a private condominium?

Apparently, it is legal for the owner -- in this case, the title holder -- to repossess an automobile so long as the repossessing agent does not break the law in the repossession process.


If you have the title to your vehicle can the bank still repossess it?

If there is money owed to the lender with the vehicle used as collateral, the lender will be shown as a lien holder on the title and can if the contract is defaulted recover the vehicle according to the laws of the state in which it is registered. yes

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