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NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.

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โˆ™ 2015-07-16 19:19:21
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Q: How does repo of a leased vehicle differ from repo of a financed vehicle?
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Related Questions

Does an auto dealer such as Nissan have the right to repo a leased vehicle if the vehicle is not insured?

YES. Read your contract. Does it call for you to maintain ins???


Can a Repo man take a car if you own it?

A repo worker does not normally pick up a vehicle unless he has an order from the lien holder (usually the creditor who financed the vehicle). If you own your vehicle outright with no liens against it, the repo person probably picked it up by mistake.


I have a friend whom has a Leased Vehicle they tried to repo her car because of ONE unpaid parking ticket?

The only way her vehicle can become repossesed is if she missed a payment.


In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.


What do you do when repo man is here?

You give the repo man the keys to the vehicle and let him take the vehicle.


Is there any way to get a repossessed car back without paying the car insurance?

Not Unless you can prove that you already had the required insurance.AnswerNo. as soon as you have no insurance on a leased vehicle, the lein holder has the legal right to repo it.


Can they repo a vehicle if it is in your driveway?

Yes.


Can they repo a vehicle after dark?

Yes


Can a repo company take your car from behind a locked gate in California?

No one has the right to enter your property to repo a vehicle. I your vehicle is out in the street, then its fair game. If you see the repo man coming but has not hooked up to your vehicle, you legally still have possession of the vehicle. Once the vehicle has made contact with the truck the vehicle belongs to him.


If your stepdaughter has defaulted on her car loan which is in your name solely and she is in TX and you are in NC and the car is financed in MS how can you easily repo her car from so far away?

You buck up and make the payments to aviod a repo on your credit. You can probably look into a repo company where she is living, and hire them to get your car back. Another is take matters into your own hand and just go and get the vehicle yourself.


Is it illegal to hide a vehicle from repo?

yes


Who do you call to come and get a vehicle that the repo guys are looking for in Minnesota?

Call the repo guys OR the lender.


Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?

A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.


Is it legal for a law firm to renew a civil suit on a leased vehicle repo ten years later and demand money?

Likely it is, but without knowing what state you are in, who can tell?? Simply tell them you want verification of the debt. IF they provide it, you will have to pay. IF NOT, forget it.


Can you return a car to the dealer if you haven't received a title for it?

Yes and if it's financed it's called a repo. And that is not good.


How long after you voluntarily repo a vehicle must you wait before you can be financed to buy another one with a co-signer if your credit is good?

Until you apply for a loan and the lender gives you money. In other words, one day.


Can repo people repo your auto from privet property otherthen yours?

Yes they can, as long as it is the correct vehicle.


Can a dealer repo withOUT a sales contract?

Yes, if the Lien Holder of the vehicle gives them permission to repo.


What is special about the Repo Truck company?

There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.


Can you get garnished for a repo vehicle in NC?

i dont think that i can


Can a repo man enter a vehicle before verifying the vin?

No. because not verifying the vin could lead to a misrepo of another vehicle for which the repo company would be sued.


What is the legal process to repo a car in TN?

You need to have a lien on the vehicle and reasonable cause to repo it, whether it be late payments, risk of losing the vehicle in impound, etc.


What to say when you want to do a car repossession?

If you are giving up your own car for repo then you tell who you financed the car with you want a voluntary repossession. It still looks bad on your credit, but not as bad as a regular repo does


Can a repo company garnage your paycheck?

The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..The repo agency does one thing; repossess the vehicle. I don't know of any case where a lender could even draw from your pay. tThey hire a repo agency to get the vehicle, and they report your delinquency so your credit score suffers..


Can a repo man move other cars parked around it the repo car to get it?

No. A repo agent is only permitted to move and enter the vehicle which they have an order for repossession on.