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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?
Wiki User
∙ 18y ago
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.
Wiki User
∙ 18y ago
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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
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.
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.
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 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.
My car was repoed can i file bankrupt and get it back?
NO.
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.
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.
Do repo papers have to be shown when your car is being repoed?
no
