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If your payment was made on your vehicle and they still repo'ed do you have any right against the rep man or do you have rights against the loan company what options do you have?
Wiki User
∙ 18y ago
You need to persue this towards the lending institution first,since this is where the payment in question was sent. If the bank violated their loan agreement you have action against both the the bank and the repo company.
Wiki User
∙ 18y ago
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How long after a missed car payment does the finance company repossess the vehicle?
The question is, "Why would you worry about a missed payment when you have interest in the vehicle?" The money that you used as your down payment and any payments you have made total your interest in the vehicle. Why are people running from the repo man when in fact you can place the finance company on notice that, if your interest is repossessed, you will file criminal charges in federal court against the finance company and get triple what the car is worth. I guarantee you they won't take it. You can also put a mechanics lien on the vehicle to protect your interest in it.
After 15 days can a company reposses your car?
can a finance company reposses your vehicle if you made your payment on the15 day
What is fleet leasing?
Fleet Leasing is a vehicle belonging to a group, or fleet of vehicles that a business is leasing from a third party leasing company. These vehicles are then used by the employees. Fleet management (usually offered by the leasing company) offers the company advice and recommendations on which vehicles to use for their company as well as payment options.
Vehicle you recovered and the owner has given it back to the finance company are they responsible for storage and recovery costs?
Depending on your contract with the lender or repossession forwarding company, they could be responsible for the storage fees and recovery costs. Ultimately the car's owner is responsible. If the fees have not been paid and you feel they will not be, and you have not released the vehicle yet, do not release it. The vehicle is the only security you have against payment.
Can a tow company hold a vehicle hostage until payment is rendered in California?
Absolutely. The company performed a service with your vehicle, for which their is a fee. They release that vehicle once the fee is paid. It's the same anywhere else outside of California.
How many months without making a payment will the vehicle be taken?
The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.
If someone hits my vehicle then speeds away and I get injured can sue my own insurance company for payment of my injuries?
ask them
Can a tow company put a lien against you for not picking up the vehicle?
Yes
Can a credit card company take your paid off vehicle?
They can if they got a judgment on your possessions for non payment of debt, otherwise no.
Can reposession company file a claim with your car insurance company to fix preexisting damage?
If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.
Where can I find a sample letter to request skip car loan payment?
You do not need a letter, you need to call or visit the loan company and talk to them about this personally. Skipping a payment can result in the loan company starting repossession proceedings on your vehicle. This is something you do not want to happen so contact the loan company immediately if you are unable to make your payment on time.
Does comprehensive auto insurance pay off and replace the vehicle in the event of auto theft?
Comprehensive is the coverage that would pay for the theft of a vehicle. The policy spells out the insurance companies options on payment. On any claim, the insurance company has the option to repair, replace, or pay the actual cash value of the vehicle in the event of any loss. Generally they do not replace a vehicle but pay the actual cash value less your deductible then allow you to purchase a replacement vehicle. As a matter of full disclosure, I own and operate a small Independent Insurance Agency and have for the part 22 years. Before that I worked as an agent for a direct writer insurance company. As for the payoff of the loan on the vehicle, the insurance company will have to issue payment to the bank up to the amount owed on the vehicle. The amount they pay has nothing to do with the balance on the loan. If you owe less than the ACV then the balance will be paid to you. If you owe more than the ACV then you will have to pay the difference to the bank or finance company.
