They can if you did not comply with the terms of the loan.
Only if the two loans were "cross-collateralizied".
Yes, if you are not making the payments the bank can repo your 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.
I'm pretty sure a minor couldn't get a loan
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
The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.
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.
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.
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.
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 ???
i cannot afford my truck payment can i sell it 2 dealer and get cheaper car
Fuel, insurance, maintenance and truck payment.
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.
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.
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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.
The check wasnt any good sooo the truck isn't paid for. Go get your truck OR file charges against the person.
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.
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.
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.
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.
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.