Bring all the payments up to date.
The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.
READ your lease contract. It should specify the results of repossession.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.
If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.
Only if you intend to get it back.
When the lease expires
Yes! if there is a security interest on the loan (the vehicle). when you buy or lease a vehicle, you sign your right away to the vehicle in the event that you default on the loan..it does not matter what kind of vehicle it is.
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.
Probably not. You'd have to ask an attorney.
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
The vehicle was repossessed for non-payment of the lease, correct? You still owe all the money to the lender, even though you no longer have the car. You signed a written agreement with the lender promising to pay a certain amount each month for how ever many months were in the lease. You breached that written contract by not paying the monthly lease - Just because the car is taken away from you does not absolve your financial responsibility to pay for the remaining parts of the lease.
One could contact CARFAX.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
Actually you can get your vehicle back if you file bankruptcy within 10 days of your vehicle being repossessed. Your attorney can file an emergency injunction if needed.
because when you buy it, it's yours. when you lease it, you give it back to the leasee. In the latter case you are just paying for the opportunity to use the vehicle.
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
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.
You rights are to GET IT BACK, PP is not subject to the security interest on the car.
Bank or loan company who repossessed it.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
Pay for the car and get it back, or pay the deficiency after it has been sold.
call the bank, they are the only ones that can release the vehicle to you, good luck :)