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.
No, and it is not likely any would if what you are saying is that your vehicle has been repossessed twice.
Only if you intend to get it back.
Bring all the payments up to date.
Probably not. You'd have to ask an attorney.
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.
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.
YES,, CALL the lender and find out HOW MUCH it will cost to do so.
Actually you can get your vehicle back if you file bankruptcy within 10 days of your vehicle being repossessed. Your attorney can file an emergency injunction if needed.
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.
You rights are to GET IT BACK, PP is not subject to the security interest on the car.
Bank or loan company who repossessed it.
Yes, you can. Alot of times they will work with you. They don't want your car, just your money!:)
Pay for the car and get it back, or pay the deficiency after it has been sold.
call the bank, they are the only ones that can release the vehicle to you, good luck :)
The vehicle will be repossessed and the leasor will be held responsible for the unpaid balance of the lease.
no,because it is your property and the car really wasnt,so you should get your stuff back.
Not unless you sold it back to them.
Surrendering a vehicle, in a financial sense, means that it is being repossessed and it is being given back to the finance company. The company will usually send someone to collect the vehicle.
If you want your property back, yes.
If your car is repossessed and you want to get it back, you can contact the finance company and clear any outstanding payments. They may agree to return your vehicle to you if they have not already sold it but be warned that lenders try and sell repossessed vehicles as quickly as possible to try and recoup funds. The finance companies often sell the repossessed vehicles at a car auction. Here they can be sold "as seen" and at a lower price than market value, thus they can be sold quickly. It is often possible to find out which auction your car is being sold at and you can get your repossessed vehicle back yourself by attending the car auction and bidding.
Without a signature, there is no contract. If you want your money back the dealer is obligated to give it to you.
Yes, it can be repossessed. If you owe money on a vehicle and do not have a clear title of the car - In reality, this car is not yours until the debt is paid. The car is collateral until your pay the loan off. If the car was repossessed, the personal contents like the car seat must be given back to you.
A motorcycle that was paid for on a credit card can not be repossessed considering the credit card company paid the dealer. You must pay the card company back though or they can take you to court.
It means the bank, or whoever loaned you the money for the car, will send people out to take it back.
Theoretically no. If the vehicle is repossessed you are supposed to be given the contents back. However, this does not apply to INSTALLED items, so if you've upgraded the stereo system, or installed premium equipment like a high-performance engine, those are considered to be part of the vehicle. Also, it's likely to be your word against the vendor about what was in the vehicle at the time it was repossessed.