The private party needs to pony up and give you a title with a lien that has his name on it. Then, when he is paid off, he would give you a paid in full receipt where you could go remove the lien from title. The lien protects him from the possibility that you would sell the car without giving him what he is owed AND removes his liability should the car be involved in an accident.
It is the persons fault for entering your private driveway.Another View: If the collision occurred on private property, the insurance companies of both cars will be involved. As a general rule, the driver of the backing vehicle bears the responsbibility for making sure that he can safely proceed in reverse.
Highly doubtful
The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.
They won't call the police, but the vehicle will be repo'd
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
It depends on how many times you've been late on vehicle payments. Most of the time though as long as you are making a payment of some kind on the loan your vehicle will not be repossessed.
yes, contact your leinholder and tell them that you will no longer be making any payment and where they would like for you to leave the car
YES, making the down payment is part of the contract and you are in default on it.
The private seller holds the title until paid in full, he should transfer the title to private buyers name and place a lien on title then the title will be mailed back to the private seller and once vehicle is paid the seller signs off on the lien and mails the title to the buyer. A contract/bill of sale should be signed by both parties to the payment agreement established for the protection of both parties.
Yes you can. Just make the payment online while ordering.
Yes.Actually, I don't know that they will. I know that they legally can. Repossession is a hassle for the creditor too, so they might at least make some effort to contact you and give you a chance to make it right first. Or they might not.If someone has told you that making a partial payment will legally prevent them from repossessing the vehicle, that's not true anywhere that I know of.