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How long after you pay all monies owed on a repo can it take to get back is there a time limit on the company to get your vehicle back to you?
Wiki User
∙ 17y ago
As soon as the payment is recorded to your account and the lender has agreed to continue the loan ( find that out before you send payment ) its yours again, but I would not expect them to bring it to you, you are going to have to go and get it yourself.
Wiki User
∙ 17y ago
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What if you voluntarily contact the finance company to return your vehicle and they do not want it back?
The lender has no legal obligation to recover a vehicle and usually will not if the vehicle has greatly depreciated due to age and/or condition. The buyer cannot receive a clear title to the vehicle until the loan is paid or satisfied. The lender can use whatever means allowed under the laws of the debtor's state to collect monies owed, including filing a lawsuit against the debtor.
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.
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.
Your finance car was stolen does your insurance claim go to your finance company to pay off the cars debt?
The monies from the insurance company will go towards the car payoff. Now, the insurance company is entitled to pay off the worth of the car. If the car is worth less than you owe, you may have to pay back the rest. For Example, say you owe $20,000.00 on a certain vehicle. The Blue Book(www.kelleybluebook.com) value of this vehicle is $18,000.00. If they pay full value of the vehicle $18,000.00 you may still owe the rest $2000.00 to the loan of the vehicle. This means you were upside down on the loan...
Can an employer give an employee a company vehicle to use and then take it back?
Sure can. It belongs to the company and not the employee.
Can the Wisconsin dept of revenue take monies out of your pension for owing personal back taxes?
can the Wisconsin dept of revenue take monies out of my pension for owing back taxes of $13000.
Do they take back lease cars in a bankruptcy?
An unexpired lease can be reaffirmed or the vehicle can be surrendered. The leasing company will take the car back if you are surrendering it. Keep it insured or you will have to pay for any damage sustained by the vehicle or caused by the vehicle until the leasing company actually takes possession of it.
Does a car company have the right to repossess a leased vehicle if it is fully insured and all payments are on time and are you obligated to take it back if it is unlawfully repossessed?
if a vehicle is unlawfully repossesed, you can get the vehicle back, and claim back all monies you have paid, and keep the vehicle without any further payments being made as long as you have proof you were up to date You are never relieved of the responsibility of paying for a vehicle or the lease agreement simply because the vehicle was wrongly repossessed. Leasing companies include many stipulations in contracts, if a payment was even a day late and there was not a grace period included the contract was in default and the vehicle was subject to recovery. The person does not have to accept the vehicle back, but they will in all probability be responsible for the remainder of the lease agreement. Unfortunately many of these type cases that end up in litigation which is expensive, stressful and time consuming for both parties.
How many years back can a condo assn in Georgia collect on past monies owing?
There may be no limit to the number of 'years back;, but the association may not exceed a length of ownership. It is unreasonable and may not be legal to assess past due monies on a 'unit' with more than one non-paying owner over the years. Assessments are due and owing by owners. Owners who do not pay assessments and who sell their units without any association attempts to collect the past due monies, essentially escape paying what they owe.
Must the insuree take back a recovered vehicle?
NO, they can sell the savage to the insurer. If the insurance company already paid and was past the waiting limit. If before than they will make repairs or call it a totaled loss and pay you then. Depends on damage and time frame.
How do you get a car after your vehicle is damaged?
most time if the car was in an accident and is totaled you will have to by it back from your insurance company
How do you get a repossessed vehicle back if the lender does not want to give it to you?
First of all you call the repo company. After that keep trying to call the bank. As long as they don't sell the car you can still get it back by paying the reinstatement amount. * A repossession agent/agency is contracted by the lender, they have no authority to release a vehicle unless the lender orders them to. The lender has no legal obligation to reaffirm the vehicle loan or make any other financial arrangements for the person to recover the vehicle unless state laws allow a time limit for redemption or other applicable remedies.
