It depends on the terms of the loan. If you signed it and it's in there, you are bound to those terms. Some loans specify 5 days late. That's a good reason to get loans from a small bank or a credit union.
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Related Questions
In Florida can they repossess your truck after taking a payment?
They can if you did not comply with the terms of the loan.
Can the credit company repossess your new truck if you voluntarily let them repossess your old truck?
Only if the two loans were "cross-collateralizied".
Can they repossess my truck after I get caught up on my payments?
Yes.
Is it legal to repossess your work truck when you are self-employed?
Yes, if you are not making the payments the bank can repo your truck.
Can a bank suspend your license or registration for non payment on a truck?
Your driver's license is an instrument issued to you individually by your state government. Your bank has no bearing in its status. What your bank has is a lien to your vehicle which essentially means that upon your failure to pay, they have the right to repossess the vehicle and sell it to recover the money that they are owed. So while your registration won't be suspended, your bank may send a tow truck to repossess your vehicle.
Can you repossess a truck from a minor?
I'm pretty sure a minor couldn't get a loan
How long does it take for the bank to write off a vehicle if they are unable to repossess it?
I think it varies on how long and who the finance company is but the last time I made a payment on my truck was November of 2007 and its January of 2009 and im sill driving it
If a persons owes on a truck and dies leaving no estate can the bank sue?
The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.
How do you get a repossession license in AZ?
There is no licensing requirements to repossess cars in Arizona. The truck has to pass DPS inspection but that is it. So buy a truck and happy hunting.
Do dealerships take trucks back when you still owe money?
If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.
If you had a company tralier on your truck when they took it can they hold your companys trailer?
No. They can only repossess the power unit they were sent to repossess - they cannot take the trailer. At that point, it's theft. Especially if it's loaded.
Can a repo man unhook a work trailer from a truck to repossess the truck?
he cannot take the truck while the trailer is attached. But he can unhook it then take the truck. Just put locks on the chains and the hitch. He could still cut the locks off...but ???
You cannot afford your truck payment can you sell it 2 dealer and get cheaper car?
i cannot afford my truck payment can i sell it 2 dealer and get cheaper car
What are the expenses for leased owner operator truck drivers?
Fuel, insurance, maintenance and truck payment.
If you had a co-signer for a truck loan in 2002 for which the bank held the title is it legal for the co-signer to repossess the truck after paying off the loan when you defaulted in 2005?
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They repossessed my truck but are now saying they didn't what can I do to prevent myself from going to jail for hiding a truck I know they repoed?
If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.
What size of truck will tow an exhibition trailer?
To tow an exhibition trailer, a large truck and hitch will be required. In a general sense, a medium duty truck is required. The best way to describe this is the average tow truck that is used to repossess or tow away standard vehicles.
What is the best way to find a good rental van in Pennsylvania with no hassles?
Receive free truck rental quotes from PA moving truck rental companies. ... No hassles. No surprises, No truck to drive. Call 1-800-968-1284 or click Get The best way to find good rental van in Pennsylvania with no hassles is go to www.moving.com/truck-rental/pennsylvania-truck-rental.asp. Another website is www.RentalCarsByCity.com
What makes repo trucks different from other vehicles?
Repo trucks are essentially the same as a tow truck or flatbed tow truck. They are used to repossess vehicles for non-payment. They have a larger engine, reinforced frames and hydraulic lifts that are needed to tow another vehicle. Repo trucks, depending on the size and tonnage, may require a commercial drivers license to operate.
If you sold a vehicle to a someone who paid with a check that bounced can you legally repossess the vehicle?
The check wasnt any good sooo the truck isn't paid for. Go get your truck OR file charges against the person.
Our Daughter committed suicide she owed step dad app 20000 for cosigning on a truck are we entitled to re- payment She has 18 yr old daughter?
Your name should be on the title to the truck if you obligated yourself to pay the loan. You can continue paying, sell it to pay the debt or allow the lender to repossess it. IF your daughter has an estate, it is responsible for the debt. Her 18 year old daughter is not responsible.
What to do if people missed sixteen days on a payment of a truck that they took payments over from a family member and then they repossess it without motifying you?
Well, a vehicle can be repossessed with no notification, so there's not much you can do about that. If the payments were taken over by family members, it's assumed the first family member was aware someone else would be paying for the truck and so is still responsible to see that the payments are made.
When your name is the second name on your truck title can the person whose name appears first on your truck title repossess the truck or have you arrested if you leave with the truck in NC?
If two owners are listed on a title in NC, they are considered to be equal owners. Therefore both owners have the same control over the vehicle.
Can your truck be repossessed if you are using it for income?
Yes, your truck can be repossessed even if you are using it to earn an income, however, you can tell your creditor that you are earning money with your truck, and that if the creditor does not repossess the truck you will use that income to make payments on your loan. Of course, if you are not making payments, and spending all of your income on other things, then the creditor has no motive to let you keep the truck.
What is the cost to lease 26 ft box truck?
it depends on your credit ratings, down payment, term of lease and type of truck. but it will run atleast $1000 a month with 20% down payment/security deposit.
