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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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What is forfeiture

Which of these is the best description of delinquency

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This is Paula's monthly budget What percent of her expenses is spent on insurance

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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 after dark?

Yes


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

Yes.


Is it illegal to hide a vehicle from repo?

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.


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.

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