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If you have a vehicle repossessed will it go back to the dealer or will the dealer be notified?
Wiki User
∙ 8y ago
Thats depends on the agreement between the lender and the dealer.
No once the deal is financed the dealer is out of the picture except for repairs etc.The process goes like this: Vol surrender will intail you agreeing to a time and date for a recovery company to come get the vehicle. In-vol repo the vehicle is picked up when it is found by the recovery company (repo man).The vehicle will be towed to a lot and store and cleaned for auction. You may have a opportunity to re claim the vehicle at this time by bring the account current depending on the lender. At aution the vehicle will be sold at wholesale and the remaining balance if any will be sent to a third party collection agency and collection efforts will begin against you. In some cases the dealer may have to pay for your default but that is pretty rare.
Wiki User
∙ 8y ago
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Can another bank or dealer help to get your car back after the 2nd time?
No, and it is not likely any would if what you are saying is that your vehicle has been repossessed twice.
Should you keep insurance on a repossessed vehicle?
Only if you intend to get it back.
How to get back a repossessed vehicle if it was a lease?
Bring all the payments up to date.
Can a person who had a vehicle repossessed take the vehicle back and it not be criminal in Washington State?
Probably not. You'd have to ask an attorney.
What documents would you need after a repossession of a car in order to get it back?
To get your repossessed car back you may need proof of residency, insurance, and, other personal information to retrieve your repossessed vehicle back to you.
How can you buy out a leased car when the lease expired and car was repossessed?
When a vehicle gets repossessed it either goes back to the dealer who leased it, or, and more commonly, it is auctioned by the reclamation company. You would need to attend one of these auctions to be able to bid on one, and even then, a lot of times you have to be a licensed dealer to participate. Check on the local regulations and restrictions on the auto auctions in your area.
Can you get a vehicle back after it has been repossessed?
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
Can a car dealer take your car back?
If the dealer holds the lien and is the one that loaned you the money to purchase the vehicle he can repossess the vehicle if you fail to make your payments on time. Otherwise the selling dealer has no claim on the vehicle whatsoever.
What are your rights to property in your vehicle once it is repossessed in NJ?
You rights are to GET IT BACK, PP is not subject to the security interest on the car.
How do you get car back after repossessed in the state of Florida?
call the bank, they are the only ones that can release the vehicle to you, good luck :)
What happens when lease cannot be paid back?
The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.
Can they keep the stuff in the vehicle that was repossessed?
no,because it is your property and the car really wasnt,so you should get your stuff back.
