American Cars
Repossession

If your car is in repossession and the repo man never finds it will the bank or dealership eventually report it stolen?

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2015-07-16 19:23:31
2015-07-16 19:23:31

Why would they report it stolen?? IF it was stolen from you, then YOU would report it stolen. The lender loaned MONEY so they will recover money(garnishment, leins, ect.) if the collateral disappears.

They will eventually find where you are working and you will pay for not only the car but court fees. Do yourself a favor and give the car up it's not yours.

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If they come to repossess it, and you claim to not know where it is, then the repossession agent will report it stolen. At that point, anyone found in possession of it is in possession of a stolen vehicle.

In the event that the possessor of the vehicle is not a contracted party, or if the contracted party is actively seeking to hinder repossession, then yes, the lender can report the vehicle stolen.

No. Namely, because the car wasn't stolen - it was taken back by the rightful owner (the financier), via a repossession agent. It's not the financier's fault - nor the repo agent's - that you neglected to make your payments.

There is a possibility that you licenses could be suspended. If you are hiding the car from repossession, you technically are stealing the car. The finance company can contact DMV and have the registration revoked and report it as stolen. Give the car back. Nothing good ever came out of hiding one from the repo man. They WILL get it eventually.

Tell them to give it back, call in a recovery/repossession agent, report it stolen.

If one receives a stolen or recovered car in a UK dealership, the best thing to do is to report it to authorities. If not reported, one can receive sentencing for driving a bought car that was actually stolen.

IF you are the REGISTERED OWNWER, NO. You cant steal your own car. They can REPO it.

Can it? Yes, by the lender in some case. If the debtor is actively attempting to hinder repossession in many states, or if the vehicle is in possession of a third party who is not on the loan or vehicle registration, then a repossession agent may file a stolen vehicle report. Most will not, preferring to allow the lender to take such action instead.Can it be reported stolen by the debtor once repossession takes place? Often vehicles are reported stolen after repossession happens. However, this is a cautious area. Most debtors already know the vehicle is being sought, and law enforcement takes a dim view of filing false or malicious reports.

I know of NO state where you have to be served BEFORE anything is REPORTED stolen. You always find out after the fact. Good Luck

The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..

You can report it to the police.

Not possible to report them stolen unless they go jacked off in a car lot

it is if you report it to the police as stolen

Not to my knowledge. The lender cant say its stolen because they LET you take it from their possession. You havent said its stolen OR you would have a police report to show it was. So, it's NOT stolen, you are hiding it to hinder repossession. Hope that's not a felony in your state. My contracts state that if the borrower takes the vehicle out of state when in default that I could report the vehicle stolen. I never have tried, but I did pay an attorney to draft them up for me years ago. In wild and lawless Nevada...

No. But if you get your money stolen and you don't file a police report, you won't get your money back. If you get your car stolen and you don't file a police report, you won't get your car back. If you get your jewelry or furniture stolen and you don't file a police report, you won't get your jewelry or furniture back. If you get your car stolen and you don't file a police report, you won't get your car back. If you get your bike stolen and you don't file a police report, you won't get your bike back. The point is if you get something stolen and you don't file a police report, you won't get your stuff back. But they're not allowed to put you in jail for refusal to report a stolen car, bike, jewelry, money etc. You won't go to jail for refusal to report a stolen object, but whatever you got stolen, you won't get it back.

Call the police and make a report.

rport it stolen?? Who will take the report?? Barney Fife??? NO, cause its NOT stolen. The 'stolen" line is a sure sign of a LAZY repoman. Or an uneducated repoman who believes everything they hear. How can you "steal" your own car? The lender CANNOT report the vehicle stolen. You, as the registered owner, are the only one who can make that report to the police.

You are committing a crime if you knew the car not to be stolen.

mayday mayday, my iPhone's been stolen? ...

Gap insurance only pays if the vehicle is totaled in an accident or stolen and not recovered. It does not cover the deficiency balance after a repossession sale.

carfax dealership, police if you think it is stolen.

Go to the local police station and report it as stolen.

If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.

RepossessionCall your local dispatching service for your law enforcement. The Repo man is required to report the repo immediately to them. You could also call the bank or company that has financed your loan. In Illinois, we are required to report repossessions immediately to the police. In some cities, the police want to know BEFORE we repossess. So when you call your local P.D. to report your car stolen, they can let you know if the car has been repossessed.

contact your local police department and they will take a report.


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