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Is it a repossession when the bank couldn't finance you and the dealer had to take car back?
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Answered 2015-07-16 18:10:58
GOOD question. Read the contract. Were you in default of it?? Why didnt you TAKE the car back? Why did they have to come get it?
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Do you call the finance company or just take the car to the dealer if you want to do a voluntary repossession and do you need to inform the finance company you're taking it back or will the dealer?
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
Dealership can not finance car do we have to give it back?
find out another dealer who can finance your car.
Do you have to bring your car back to the dealer for repossession or do they pick it up?
You DO NOT have to take it back, but it will save you some money if you do. They will come pick it up if you tell them to.
Can you drop off a motorcycle at the dealer if the creditor wont take it back?
If the creditor will not take it back in lieu of the money owed then you need to sale the bike and pay them their money. Unless the dealer is willing to buy the motorcycle you will still owe the money. Not every creditor will do a voluntary repossession.
Can you get your car back after a repossession if you file chapter 13 bankruptcy?
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
If you sign a finance agreement and now the bank wont finance you do you have to give the car back?
You have to look at the papers that you sign with the car dealer. Typically they make you sign an agreement to bring the car back in the event that they can not get you financed. If they did not have you sign something, then they will probably hold the note themselves and then you have to pay the car dealer. But the short answer is yes, you can not keep the car if you can not pay for it.
Can you terminate your finance half way thro send the car back and pay nothing more?
Sending a car back and ceasing paying is the same as a repossession. It will have an extremely negative impact on the credit score and the ability to borrow money in the future.
Do you loose your liciense if you hide a car from repossession?
There is a possibility that you licenses could be suspended. If you are hiding the car from repossession, you technically are stealing the car. The finance company can contact DMV and have the registration revoked and report it as stolen. Give the car back. Nothing good ever came out of hiding one from the repo man. They WILL get it eventually.
Can a car dealership repossess a car if they lied to you about issues with it?
Yes. Repossession is about you not paying the bills - nothing else. The fact that the dealer wasn't honest with you doesn't give you the right to be dishonest with him. If you discover a hidden flaw in the car you must first give the dealer the chance to set things right. If the dealer can't fix it you can ask for (most of) your money back, or another car. But holding back paying isn't an option.
How do you get my car back after repossession in Louisiana?
Make your car payments.
What happens after a repossession?
After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.
What is the concept of repossession about?
Is is common knowledge that the concept of repossession is the taking back of property by a lender or seller from the borrower or buyer, usually due to default.
Is it legal in CA for a finance company to repossess a car then say they didn't?
repo and say they didnt? NO, not legal. Bought back and given back to dealer?? Never heard of it. Call a local attorney for a consultation. Smells fishy to me.
Can they do Repossession on your locked property?
can my car be repossesed from my locked back yard
Can you getcar back after repossession?
Yes, but you have a very limited amount of time to do it in.
The meaning of repossession?
Repossession is generally used to refer to a financial institution taking back an object that was either used as collateral or rented or leased in a transaction.
How do you get a car back from repossession?
It is sooo SIMPLE, you CONTACT the LENDER for further instructions.
You have had a car on finance for 20 weeks and carnt afford it can you send it back?
Of course you can send it back, but it will be termed a "voluntary repossession" and will still impact your credit as if a repo-man came to your door. It will also limit your ability to find another good car for a payment less than you already cannot make.
Can you sell a car back to the dealer if you can't keep up payments for a person who is incarcerated?
No. The dealer (or bank that financed it)technically owns the car til it's paid for. If it's become a hard-ship for you, simply give it back. It becomes a 'voluntary repossession' for the person incarcerated, but that sounds like the least of their problems. Good luck. FYI, a repo is going to damage the borrower's credit terribly.
How did pocahonas die?
she got ill and on her way back from englan she couldnt take sea sickness.
Back posting in banking or finance?
Bank value postings can be in both banking and finance
What is the definition of repossession?
Repossession is when something is returned to its original owner. An example would be when a car payment is not made, and the owner of the car's title repossesses (takes back) the car.
Can you get your vehicle back after repossession?
The first step is to contact your lender. They will have those answers. It usually involves making up past payments, and paying the repossession fee, and perhaps storage.
Owner of car stole it back from repossession company?
If it was repossessed legally then he is guilty of theft
When did Bob Marley get in his band?
he couldnt remember even if you brought him back coz hes that much of a stoner
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