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After one month of being in arrears, they will contact you and issue a warning, after 60 days of being unpaid, they can legally take it back. They own it until the total amount has been paid by you.
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∙ 12y ago
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Can dealership repossess car if i bring it in for service?
No, but the finance company can.
My car was in an accident and is still at the body shop which hasn't been paid yet he finance company wants to repossess the car. Can they repo it from the body shop?
Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.
What happens if you no longer have the car and the finance company trying to repossess?
Someone has the car and the finance company has a lien on it. Any sale would have been fraudulent.
Can a finance company repossess a car if more than half has been paid?
They can repossess with any amount owed if unpaid.
Can a finance company repossess your car if your license is suspended?
They won't repossess it for your license being suspended, but they can repossess it when you fail to make payments, regardless of what the current status of your license is.
Can a finance company repossess your car when you lose your job?
Only if you stopped making payments and are behind on your on your payments.
If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car? If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to them, not you. Best thing to do is check the fine print in your loan agreement (which you signed when you bought the car) and see what it says about overdue payments, repossession, etc. If you've lost it, call your dealer and ask for a copy.
Would a finance company repossess your car if you only have three payments left but are more than 30 days late?
Yes, they will repossess if you have only one payment left.
Can a repossession company in Maryland repossess a vehicel from a bodyshop without paying the repair bill?
Yes, they can. The car, while the finance company holds a lien on it, is the property of the finance company. As the person who damaged the car and brought it in to be repaired, responsibility for the bill falls on you.
Can a finance company change your registration when trying to repossess your car?
Is it legal to? NoIs it possible to? NoThe finance company does not have possession of the vehicle so can do nothing with the paperwork on that vehicle until the do secure possess of it.
If I am financing a car and is the only person on the loan. but my brother drives it and he has full insurance on the car. so the insurance is under his name. can the finance company repossess my car?
Yes
Can a finance company repossess your car if you have no insurance?
No, but depending on which state you live in your division of motor vehicles (or equivalent) can fine you hundreds of dollars for not having insurance.
