Best Answer

You won't go to jail. If the car is registered in your name, legally, it is your car. Your credit will be ruined for 7 years if you allow it to be repossessed. You will also pay the difference in what the lender sells the car for and the balance on the note, plus repo fees. I suggest you contact the lender and make some sort of arrangements. Don't let the car be repossessed. I'm guessing Grandma made the down payment and co-signed the loan and Junior promised he would make the payments. If so, both of their credit scores go down the drain. If only Grandma signed the note (unlikely if Junior's name is on the title) it will only show on her credit report.

User Avatar

Wiki User

โˆ™ 2005-09-20 16:04:36
This answer is:
User Avatar
Study guides
See all Study Guides
Create a Study Guide

Add your answer:

Earn +20 pts
Q: If your grandmother bought you a car and now the car note is behind and it is being repoed can you go to jail if it is registered in your name?
Write your answer...
Related questions

If your car was repoed and the car lot sold it but it is still registered in your name what should you do?

It will not be registered in your name. They sold it and will register it in the new owners name.

How many payments do you have to be behind to get your car repoed in GA?

no more than 2 payments

Can a tractor be repoed from an individual who bought it from another individual who didn' pay off the loan?

of course it can that's the law

What is the statute of limitation for a repoed vehical to sue the company the repoed the vehical?

I want to take the company that repoed my truck to court. I need to know what the statue of limitation is to file.

How do you find out if your car has been towed?

So call The Police immediately. And also call your dealership cause you might of gotten it repoed. Behind on your payments?

Can a repo company come on private property without permission move another car that is parked behind said car to be repoed and in process cause damages to your home and said car to be repoed?

Repo laws are different for each state. Check for laws in your state or advise what state you are in.

You are current registered owner of car at DMV Leinholder lender that gave you loan is current legal owner at the DMV Can another lender repo your car saying they have an old interest in vehicle?

No, this would be considered a lien loss. Typically this occurs when a vehicle is traded in, previously repoed and resold, or sold outright and the previous lienholder either never perfected the lien, or provided the proper paperwork when reselling it after repossession. If the vehicle is repoed, contact your lender to ensure they did not order it, contact the repo agency who recovered it and report it wrongfully repoed, and demand the name of the lender who ordered it. The vehicle if actually wrongfully repoed must be returned to you undamaged as soon as possible.

Can a repoed auto be sold for just what is owed if it is worth much more?

A repoed auto is usually sold far below its retail value. If you have a chance to sell it yourself and pay off the loan before it is repoed you will be dollars ahead, even if you lose money on the deal.

My car was repoed can i file bankrupt and get it back?


Can you get your wheels back if car was repoed?

No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.

You missed one and a half payments but you sent half of one full payment can your car still get repoed?

Yes, you are still behind in your payments. Don't let this happen. Contact the lender and work something out.

If your car is repoed can they charge you to get back you personal belongings?


How late can you be before a car is repoed?

3 months

Do repo papers have to be shown when your car is being repoed?


Can your cosigner repo your car if you are behind on your payment but not in trouble with the financial institution?

Amanda, if you are behind on the payment, youare "in trouble' with the lender. you are in default and could be repoed by the lender at any time. they just havent pushed the issue YET. Co-signor can only 'repo" IF they are listed as co-owner on the TITLE.

Can your car get repoed for getting a DUI?

Repossessed no. Confiscated yes.

Can a car be repoed after 7 years?

Even after 107 years.

Can you get charged with stealing a car when it's getting repoed?


Can they put you in jail if they repo your car?

NO, not for just being repoed.

How long on your credit rating after a motorhome is repoed?

Seven years.

What if your car gets repoed twice?

Then you should pay your bills.

What will happen to you if the repo man comes to get your car while you're traveling out of state?

1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.

What can be done in IL if the repossession agent has destroyed your ignition but denies it?

First, get some sort of proof that it was NOT destroyed before it was repoed, call the lender who had it repoed and askk for repairs to it. If they refuse, call a local attorney.

Can your car be repo'ed if you have the title?

IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.

Your car is not on record as having been repoed?

there is no reason for it to be on record, if you are a buyer