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How do you get a vehicle back after being repossessed with a title loan?
Wiki User
∙ 15y ago
Settle with the lender, or buy it at the sale (auction) as it has to be what is called a ARMS LENGTH TRANSACTION by them to sell it, in order to appear to get FAIR MARKET value and that way when they sue you for the difference between what you owed and what they received after reasonable costs and all fees. arms length meaning they did not give someone they KNOW a lot of good deals, that is what auctions work for them they have willing bidders making a fair market. 1) Settle with the lender, and have them sign it over to you free and clear. 2) Buy it back at auction (less of a good idea as this is not at all likely or a good resolve for either party as all you are doing is adding a layer or two of someones profit and thusly costing you more, either on the spot or when they sue you for difference.
Wiki User
∙ 15y ago
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What is surrendering your vehicle mean?
Surrendering a vehicle, in a financial sense, means that it is being repossessed and it is being given back to the finance company. The company will usually send someone to collect the vehicle.
How can you find out where your repossed vehicle is being auctioned at Too try an buy it back?
Bank or loan company who repossessed it.
Can your car be repossessed if there are children's safety seats in the vehicle?
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.
Should you keep insurance on a repossessed vehicle?
Only if you intend to get it back.
How to get back a repossessed vehicle if it was a lease?
Bring all the payments up to date.
Can a person who had a vehicle repossessed take the vehicle back and it not be criminal in Washington State?
Probably not. You'd have to ask an attorney.
What documents would you need after a repossession of a car in order to get it back?
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
How do you get a repossed vehicle back?
If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.
In Tennessee is it better to get the car back or let the dealership have it?
The dealership is not involved unless the vehicle is leased. If the dealership has repossessed a leased vehicle, it is gone; you will not get it back. If the vehicle was being purchased by loan and the lender has repossessed it, you may get it back, but you have to balance what you would owe against what you do owe. To recover a repossessed vehicle, you may have to pay the following fees: * Past due balance * Any late fees associated with the delinquency * Repossession fees * Storage fees * Legal fees * Court costs * Recovery fees (the cost associated with processing the paperwork to return the vehicle to you). However, if you do not retake possession of the vehicle, you will still be responsible for most of these additional costs, and you will have nothing to show for it.
Why sign the back of the title?
You never sign the back of a title until you sell the vehicle.
Can you get a vehicle back after it has been repossessed?
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
If you are the co-signer of a vehicle that was voluntarily repossessed how can you get your good rating back?
PAY THE LOAN OFF. the loan NOT being paid was what damaged your credit so start rebuilding by paying it.
