How can you find a company that would buy out a loan for a repossessed car in New York?

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YES, they are called FINANCE COMPANIES and charge HIGH interest rates. If the car is already repoed, your chances are NOT good.
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Is it wise to get a home equity loan to buy a new car?

Answer No. Home equity loans are revolving credit lines. In simple terms,that means you could pay on that for three years and not even touchthe principal. I wouldn't do it. Maybe rolling it into aconsolidation loan if you have enough equity in your home, but nota HELOC. Answer No. You want to avo ( Full Answer )

Can a car be repossessed after dark in New York?

In most states they can repossess anytime of the day. More often they will repossess while you are at work. This way you won't see it happening, they are in a public place, and if you do catch it its less likely a scene could be caused. And yes of course they know where you work. You disclosed ( Full Answer )

Where can you get a loan to buy back your car that was repossessed?

Answer . Mike, that depends on how great your credit is. A repo on your record is NOT going to help. Any interest rate you get will be HIGH because of your credit rating.\nWith a decent down payment you can always get a ride at a buy-here-pay-here car lot. Good Luck.

Can a loan company take a newly financed car in your name as collateral toward the balance of a loan for a car that was repossessed a few years ago?

Nelson, they would have a couple of real goofy options.1. they could refinance the new car and include the balance of the old loan for a HUGE total.2. they could be the SECOND leinholder on the new car somehow. I guess they would have to loan you money to pay the old balance and take the new car as ( Full Answer )

How do you pay back the loan company after your car has been repossessed?

%DETAILS% nan, it depends on what you and the LENDER agree on. You agreed to pay them so much a month before and didnt manage to do it, sooo they will be tougher the next time around. I got a different loan to pay off the first loan, the interest was a little higher, but I figured I would still owe ( Full Answer )

When your car is going to be repossessed can you be arrested if the loan company can't find the car?

%REPLIES%. Answer . Under some circumstances, YES. Do you really want to go to jail for a car???? WHY cant they find a car YOU are supposed to be driving and paying for??. Answer . NO, you cannot be arrested....UNLESS, there is a "Writ of Replevin" (court order) that you must at that time tu ( Full Answer )

Can a cosigner of a car loan that has been repossessed get a lien on his house by the finance company?

AFTER the lender gets a JUDGEMENT, there are other legal options available to the lender. A lien on other property is one of them. This is MAJOR the drawback to CO-SIGNING. Answer Unlikely even though they threaten to especially if the deficiency is less than $10,000. Most lenders will run the ma ( Full Answer )

How hard is it to get a new car loan after a bankruptcy repossessed car has been taken?

Answer . I have friends that have had cars repoed and they and went bankruped and got a car,new in less than a year. I guess they figure you owe no one any money and they have 7-20 years before you can file again.. Answer . \n. \nIt's not hard at all. The only thing is you will pay a higher ( Full Answer )

Is a car loan company allowed to repossess and put a hold on your bank account then over draft it in New York?

Partial answer . What did you sign? Do you have copies of all the paperwork you signed and that was ever associated with the loan? They repossessed the car, and then put a hold on your account? Generally an ACH (if that's the way it was done) has to have your signed authorization to do a wit ( Full Answer )

If your car is going to be repossessed is it legal for your loan company to report it stolen if they do not get your address?

Answer . \nyes. Answer . You are obligated, under the terms of the original loan, to keep the lending instittion informed of your current address or where the vehicle is parked at night if it's not at your home. Once the lending institution has taken the paperwork to the courts and received ( Full Answer )

How can you get out of a car loan without a repossession?

Answer . Sell it for what you owe if it is possible. Pay off the loan, get the title and sign it over to the new buyer. If you cannot get what you owe, then get as much as you can. Get a personal loan from the bank to pay of the remaining balance. The personal loan is better than the amount you ( Full Answer )

Where can you find a repossession company to repo a car?

My company does repos in the state of Virginia. If you are not "here" all you have to do is call the local towing companies and ask about rates and fees. If you need to get in touch with me please do so at:.

What are the repercussions if you have a title loan out with a company and your car gets repossessed and can this affect your credit?

Answer . Any type of monetary loan agreement you enter into makes you liable to the terms you signed on for. The car being repossessed is not a good thing. More than likely they will report you to the 3 top credit agencies and a mark will be on there in a number depiction to indicate how many ti ( Full Answer )

How late does your car loan have to be for a repossession?

It varies bank to bank and also depends on your credit history and history with that lending institution. If you keep the communication lines open they will wait but only if you don't break any promises you make to them. If I had to give a time range I would say that an aggresive bank would begin re ( Full Answer )

If you defaulted on a car title loan how long does the company have to repossess it?

In the state of SC, most title loan companies will wait for 30 days. After the 30 day mark, your vehicle can be repossessed from your home, job, parking lot or even at a gas station while you are refueling. The repo company they use, will usually be very aggressive and have been known to make threat ( Full Answer )

Where can I find the Cheapest New Car Loans?

There are many online sources who provide car loan at low interest rates, try to contact them and you can resolved your problems from your home.

Where in Western New York can you buy a repossessed car?

First off buying a repossessed car is a horrible idea. You are buying a car that someone could not even make payments on. Do you think they took care of this vehicle? Do you think it was serviced regularly, the oil/filter were changed, and anything else necessary was done. More than likely the car w ( Full Answer )

How long does the finance company have to find a car that is to be repossessed?

As long as it takes.. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you defa ( Full Answer )

After repossession and the company sells the car do you have to pay the balance on the loan according to Iowa law?

Yes.. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your cont ( Full Answer )

What is the catch in buying repossessed cars?

The biggest turn-off when buying Repossessed Car: As you already know, Repossessed Car Auction is a great way to buy your new car or other types of vehicle (boat repo auction, RV repo auction, ...); however, it seems almost too good to be true, because the price is very low. The catch lies in the ( Full Answer )

Can a Repossession Company take your car from your driveway in New Jersey?

The short answer is yes , however the only requiremt in the NJ laws is that it be peaceful in nature.. As per the UCC, repossession is allowed and permitted as long as it is peaceful.. Repossession Laws in New Jersey: . Where do I refer to for Title or License Registration? . For state Title an ( Full Answer )

Can you get a loan from New York Life Insurance Company?

You can get a loan only from a whole life (CWL), Universal Life (VUL, etc) only if there is a cash value available. If you contact your agent you can ask what your available cash value is and then ask for a loan to the cash value. DO NOT surrender the policy because then you will be hit with a tax b ( Full Answer )

If you have a repossession on your car how can you get a car loan?

You can get a car loan, but will have to put down a very hefty down payment - sometimes as much as 50% of the value of the car. Small finance companies are more likely to help you out with that, but will charge you the maximum allowable finance charge (usually 29%).

How long does a loan company have to repossess your car in Maryland?

Legally, your car could be reposessed after one missed payment. The terms of your contract cover default. Most will not repo your car after just one missed payment, but they could. I would certainly suggest attempting to work something out with the bank.

How soon can a repossessed car be sold by lien holder in New York?

A "Repossessed" car is one, I would consider, to belong to the legal "LIEN HOLDER" typically a financial institution. Legally speaking they are the rightful OWNER of the vehicle until the day it is paid off, or LIEN is SATISFIED- so after successful repossession occurs, I can imagine the goal is to ( Full Answer )

Where would one find cheap car insurance in New York?

Finding cheap car insurance is much the same in New York as anywhere else. One should check different providers rather than just renew with the same company, ensure they are only paying for the cover they need, try to find off street parking and generally avoid accidents.