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They can if you did not comply with the terms of the loan.

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โˆ™ 2006-03-28 02:25:50
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Q: In Florida can they repossess your truck after taking a payment?
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Can the credit company repossess your new truck if you voluntarily let them repossess your old truck?

Only if the two loans were "cross-collateralizied".


Can they repossess my truck after I get caught up on my payments?

Yes.


Is it legal to repossess your work truck when you are self-employed?

Yes, if you are not making the payments the bank can repo your truck.


Can a bank suspend your license or registration for non payment on a truck?

Your driver's license is an instrument issued to you individually by your state government. Your bank has no bearing in its status. What your bank has is a lien to your vehicle which essentially means that upon your failure to pay, they have the right to repossess the vehicle and sell it to recover the money that they are owed. So while your registration won't be suspended, your bank may send a tow truck to repossess your vehicle.


Can you repossess a truck from a minor?

I'm pretty sure a minor couldn't get a loan


How long does it take for the bank to write off a vehicle if they are unable to repossess it?

I think it varies on how long and who the finance company is but the last time I made a payment on my truck was November of 2007 and its January of 2009 and im sill driving it


If a persons owes on a truck and dies leaving no estate can the bank sue?

The bank doesn't need to sue. If the truck loan isn't paid the bank can/will repossess the truck.


How can i repossess a truck and recreation vehicle?

First, you need to have a lien on the items in question, and the purchaser must be noncompliant with the stipulations of the contract. If you don't plan on taking possession of the vehicle's in question yourself, hire a recovery agent to do it for you.


How do you get a repossession license in AZ?

There is no licensing requirements to repossess cars in Arizona. The truck has to pass DPS inspection but that is it. So buy a truck and happy hunting.


Do dealerships take trucks back when you still owe money?

If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.If you are asking, can you simply return the truck, cancel, the deal, and walk away, the answer is NO. If you are asking do dealers repossess trucks when you fail to make your payments, YES, if the dealer holds the lien on the truck. The only people involved with this truck are you and the party that you borrowed the money from to purchase the truck.


Where can I find a cheap tow truck in florida?

You can go to cars.com and search for cheap tow truck in florida


If you had a company tralier on your truck when they took it can they hold your companys trailer?

No. They can only repossess the power unit they were sent to repossess - they cannot take the trailer. At that point, it's theft. Especially if it's loaded.


Can a repo man unhook a work trailer from a truck to repossess the truck?

he cannot take the truck while the trailer is attached. But he can unhook it then take the truck. Just put locks on the chains and the hitch. He could still cut the locks off...but ???


You cannot afford your truck payment can you sell it 2 dealer and get cheaper car?

i cannot afford my truck payment can i sell it 2 dealer and get cheaper car


Can a tow truck driver release your car upon payment to you without taking it to the impound lot If the tow was police related?

yes in some states, unless you are arrested.


If a Ttuck payment is 19 days late can they repossess your truck in Pennsylvania?

It depends on the terms of the loan. If you signed it and it's in there, you are bound to those terms. Some loans specify 5 days late. That's a good reason to get loans from a small bank or a credit union.


What are the expenses for leased owner operator truck drivers?

Fuel, insurance, maintenance and truck payment.


If you had a co-signer for a truck loan in 2002 for which the bank held the title is it legal for the co-signer to repossess the truck after paying off the loan when you defaulted in 2005?

== ==


They repossessed my truck but are now saying they didn't what can I do to prevent myself from going to jail for hiding a truck I know they repoed?

If you aren't hiding it and they didn't repossess it then it has been stolen. Call the police and report that your truck has been stolen.


What size of truck will tow an exhibition trailer?

To tow an exhibition trailer, a large truck and hitch will be required. In a general sense, a medium duty truck is required. The best way to describe this is the average tow truck that is used to repossess or tow away standard vehicles.


What makes repo trucks different from other vehicles?

Repo trucks are essentially the same as a tow truck or flatbed tow truck. They are used to repossess vehicles for non-payment. They have a larger engine, reinforced frames and hydraulic lifts that are needed to tow another vehicle. Repo trucks, depending on the size and tonnage, may require a commercial drivers license to operate.


Are there any abailabe ups truck driver jobs available in destin florida?

Yes, there are UPS Truck Driver jobs that are available in Destin, Florida.


Can a repo man take a truck with a trailer connected to it but trailer is owned by other company?

No. The repossessor can only take the unit they were contracted to repossess. Taking any other vehicle (which includes a trailer) is a felony, and a separate felony will be assessed if there's a load in that trailer.


Why would your truck bogg taking off after taking 323 gear out and putting in a 410 and truck is running fine.?

Check your timing


Are CDL truck driver's restricted from taking Chantix while driving a truck?

NO