If there are no liens against your vehicle, there is nobody who has (or to have) ground to repossess it.
Only if the two loans were "cross-collateralizied".
Yes, but only if the employee used his own vehicle voluntarily and a company vehicle was available.
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
Well, you own the vehicle subject to the lien. You cannot sell or refinance the vehicle until the lien holder is paid. If you don't pay the lien, the lien holder can repossess the vehicle. So you own it subject to your paying the loan.
When you don't pay for it.
need approval from hair vehicle
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
No, you dont even need keys to repossess a car in South Carolina
You have to posses the title on the vehicle and the documentation that there is a default in payments.
No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.
They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.
No, not if the contract is in default. The lender/lienholder may repossess the vehicle under UCC laws as long as it can be accomplished without a breach of peace committed
LEGALLY, you can't repossess anything from the owner. Once that person signed the title, its half theirs. you will have to take him/her to court with probable cause, or convince them to sign away ownership. Good luck
yes, you are in a legally binging contract if you are both over 18 years of age and are therefore able to repossess the car.
That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.
Yes. Any amounts owing.
The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.
if you owe them money they generally will not release your vehicle to you in the first place
Not IF you reaffirmed the loan with the creditor.
No. They can, however, repossess your vehicle