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If your car is in repossession and the repo man never finds it will the bank or dealership eventually report it stolen?
Wiki User
∙ 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.
Wiki User
∙ 2015-07-16 19:23:31
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Can you be charged with a stolen truck if you get behind on payments?
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.
Can a lender report a vechicle stolen while trying to repossess in the state of Florida?
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.
Can a coowner report a car in repossession stolen inn Vegas?
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.
Do you loose your liciense if you hide a car from repossession?
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.
How do you recover a car registered under your name borrowed by a friend?
Tell them to give it back, call in a recovery/repossession agent, report it stolen.
What can one do with stolen and recovered cars in the UK?
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've been late 8 weekly payments can the dealership report the car as stolen?
IF you are the REGISTERED OWNWER, NO. You cant steal your own car. They can REPO it.
Can a car be reported as stolen because the loan went into default?
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.
Do you have be physically served with a warrant in the state of Georgia county of DeKalb before a bank or dealership can report your car stolen?
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
Can you register a car being repossessed?
The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..
Who do you report stolen birth certificate to?
You can report it to the police.
If you loan your car and it is not returned is it stolen?
it is if you report it to the police as stolen
