Auto Loans and Financing

If you stored a guys car for 6 months and now he will not pay his bill because the car is going to get repossessed can you place a lien to stop repo?


Top Answer
User Avatar
Wiki User
2015-07-15 19:37:47
2015-07-15 19:37:47

SK, the normal procedure in most states for storage charges is to notify the owner and leinholder by certified mail return reciept within 5 days of possession. My state has a maximum of 70 days storage you can collect. You better look up your state laws and get to mailing something. You cant expect the leinholder to pay you storage if they dont know you have it. Ive never did a payout to an individual, only reair shops, towing co., Legitimate businessses,ect. Good Luck


Related Questions

User Avatar

After it has been stored for 3 months it starts to go bad. After one year of storage it is unusable.

User Avatar

I wanted to add to my original question...Our car was repossessed by the finance company because they said they found out someone else was using the car because of car payments being sent from a different address. AND, they stated that they wanted to see the condition of the car. I thought a car would only be repossessed if you were late on payments? I have never heard of this, so I don't know what is going on.

User Avatar

Neither is very good, you lose your car either way. However I would recommend waiting for it to be repossessed because they may not take it. If you know for certain that they are going to take your car you should surrender it because it might make them slightly happier with you.

User Avatar

You can collect it if you want, because the lienholder is going to charge you for not having insurance for as many months as they can, and the amount of what it will cost to get the vehicle repaired. I say give them the check, you will owe less.

Copyright © 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.