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How long do you have to pay the due balance redeem from repo vehicle in va?
Wiki User
∙ 12y ago
The sooner the better so that you can get this fiasco behind you.
Wiki User
∙ 12y ago
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Private Party Repossession - Does the car HAVE to be sold and deducted from balance owed?
Yes , In Alabama. The purchaser has ten (10) business days to redeem vehicle by full payoff of their balance plus repo fees $$$ Repoee may demand you to sell at public auction. If this is demanded they are entitled to any amount collected over their balance plus repo expense you may claim. $$$ If vehicle sells for less than their balance owed , you may get a judgment against them for the remainder balance plus fees. Always add repo expenses $$$ If repoee does not demand sell ,it is your vehicle to do as you wish after ten (10) business days
Can you get your vehicle back after reposssession?
Yes, usually. As long as you can pay the past due balance plus repo fee & storage fees. However, the lender can demand the ENTIRE balance if they want to. (They generally dont)
Are you required to pay the repossession fee in Texas?
Yes, you are required by your contract to pay any fees applicable to your account. You will pay the repo fee either by paying directly to the repo company before you redeem your vehicle or the bank will pay the fee and it will be added to the balance owed. So, either way, you will pay it. Check your finance contract.
Can repo people repo your auto from privet property otherthen yours?
Yes they can, as long as it is the correct vehicle.
What happens after repossession of your car?
You should be told what you need to do to "redeem" the vehicle within a short period of time (30 days usually): pay the outstanding payments, late fees and, oh yes, the costs of repo and storage. If you do not pay, the vehicle is sold at auction for pennies on the dollar, and you will be sued for the balance plus costs, etc.
Can I stop reposession of my vehicle if i come up with the balance?
I work at a finance company but I don't claim to have the exact answer you want. I don't know the laws in your particular state, but in PA, your creditor has to send a "Repo notice" to you and the amount showing as being owed on it (there will be extra fees incurred from the reposession due to towing, etc.) would allow you to redeem the repo. In PA, there is a 15 day period once the letter is sent out that would allow you to payoff your balance before the vehicle could be sold at high bid (which could also leave a defiency balance if the total amount owed is not recovered).
Can a repo man repo a car from a public storage facility?
Absolutely ! So long as he has the correct paperwork - he can repossess the vehicle from anywhere.
What do I do once my car has been repo in the state of ga?
Redeem it or buy another car. Of course if you already have another vehicle, an additional car will be redundant and unnecessary. It would also be advisable to pay off the remaining balance on the repoed car note as soon as possible to avoid legal action.
What amount will show up on your credit report when a vehicle is repossessed the original cost of car or the balancing remaining?
the BALANCE DUE at time of repo PLUS repo fees and fees to come later.
If a car was purchased in Louisiana and now it is in Texas what are the lien holders rights to repo the vehicle?
the lienholder can repo at anytime as long as there is NO breach of peace.
How long does it take for a repo of a vehicle once the account goes to the repo dept?
It can happen as soon as they find the car. Sometimes within hours.
If your vehicle was repossesed do you still have to pay?
If you want the vehicle back you will have to pay the repo fees on top of the late charges and your normal monthly payment to where it is caught up. If you dont want the vehicle you will have to pay the balance of what the vehicle was sold for.
