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If you ask a dealership to buy back a car does it count as a repo?
Wiki User
∙ 15y ago
No it does not, that counts again as a sale exchange, so long as the full amount of debt do the lender has been paid back. A reposession is when you are unable to fulfill your agreed upon contract (paying your debts as agreed) the lender will then Repossess the "goods" and resell them for what it left on the loan to equal out the debts. However in the case of "goods" that depreciate in value (like a vehicle) sometimes they are resold for less than the loan is, and you can owe money on the vehicle still.
Wiki User
∙ 15y ago
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What will happen if you leased a new car and could not afford the insurance and returned it 2 days later to the dealership?
How did you get away from the dealership without it (ins. coverage)? If ya take it back, its a repo. Call the lender and ask them. Good Luck
How do you get my car back after repo?
ask someone who knows
California car repo laws?
my work truck was repo and i retrived my truck back but my belonging are missing how can i get them back
What are the fees in Illinois to get your car back from the repo man?
It all depends on your individual lending institution and the collection company they used to repo your car.Call and ask them Im sure they will assist you.
Can repo man repo your truck with you in it?
Probably not. He'd probably ask you to get out of the car.
If your car get repo do you have to pay the balance off?
They repo your car and sell it at auction or sometimes to a good buddy. What they sell it for is deducted from your debt but they add back the cost of the repo and selling at auction. Now - If they think the amount still owed is worth going after you and your assets -then they can go to court for a judgement. If you can't hang on to it ask them to take it back before they spend the money to repo it.
How do you get your property if i can not get in touch with the dealership or the repo man?
if it has been 30 days u might as well forget about getting ur stuff back. and it s not that hard to get in touch with the bank that you had ur loan through. just send a letter to the place wherer you would have sent ur payment to and ask them to get ahold of you.
How can you find out if a car is in repo?
Call the bank and ask.
If you lost the letter from the repo company and they will not send you a copy how can you get a copy?
"LETTER"? What letter do you need to get your car back? If you don't remember how much you owe, just ask them.
Can a repo man enter private property without permission?
Yes. The objective of a repo man is to reposess property of people who have defaulted on their loans. A repo man will never ask for permission.
How do you get Airtel dealership in Bangalore?
go to Airtel office in Bennerghatta road, contact back office ,1st floor, then ask for your area channel manager
What information do you need to ask the police if your car got repoed?
The police are not usually involved in a repo. The finance co. can legally take back their security if you default- and probably won't give it back, but you can contact them if you want to.
