Why would they NOT be able to repo a car they purchased the title to? READ your contract.
Yes it's their car you signed a lease they don't need a title to repossess their car. Title or no title they look up that information and have it mark on that title that the car was repossessed
Maybe
ONLY if you can find someone to buy it without a title. NO buyer, NO seller.
Of course they can. The title probably shows a lien on the boat. Until you pay in full, they can take the boat back.
They can only repossess the vehicle which was on the loan agreement. Taking any other vehicle is theft.
sure can if they have a title too
Any one on the title or that has a contract.
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
That is the only way you can repossess a vehicle. Repossession comes under the UCC which grants a lienholder the right to repossess but only if they have perfected their lien by filing it on the title. One caveate is in most states the lienholder can not repossess a vehicle that is under a mechanic's lien without first paying that lien.
Assuming you used the car's title to guarantee the loan - IF you fail to repay the loan, they can repossess your car ANY time they want to ! The title of the car remains the property of the loan company until you repay your debt.
You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.You have the title, but I bet on that title the lender you own money to is listed as the lien holder. He can repossess the car at any time if you miss payments. Having the title means nothing.
Yes they can.