Repossess it
Only if you stopped making payments and are behind on your on your payments.
No its perfectly legal and if you are still making payments on it, that increases values.
no
NO but why would they repo if you are making payments. You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
The finance company will be coming to you for payments...even if he has the car. They will send repo men after the vehicle as well. Good luck. Never EVER co-sign for anyone.
If you are not making the required payments to the finance company that holds the lean on you car it may be repossessed. Proof of income is not required or relevant.
Making the company public, Loan from the bank,
Yes.
Call the finance company and say you are going into bankruptcy and would they like to pickup the truck. don't sign anything.
You should contact your finance company to see what options are available. If they are not able to work with you to remove you from the loan, you may need to consult a lawyer. In the meantime, you should make the payments to preserve your credit.
No, not unless you consult your finance company and arrange for the loan to be paid out upon sale and then apply for a new loan for a boat or whatever it is you want.
What happen if i donate my car to my cousin and i sign the title. is that all i have to do?