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Is there any way you could get your payments lowered on your vehicle?
Wiki User
∙ 18y ago
YES, Contact your lender and work something out.
Wiki User
∙ 18y ago
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Is it legal to repossess a vehicle for late fees and not regular vehicle payments?
Yes. Any amounts owing.
Can a disabled person's vehicle be repossessed in Florida?
A disabled person's vehicle can be repossessed just as any other person's vehicle can be repossessed. You must make all payments on your vehicle if you want to keep it.
How many payments can you be past due before a lender can legally repossess your vehicle?
Usually Three. Could be less in some states. In reality, one should not be any payments past due - this will definitely harm ones credit ratings for the next 7 years!!
You are the primary owner on a vehicle you owe 700 on the loan and the cosigner decided to take the vehicle even though they havent made any payments can they do that?
Two things to consider here: First, the cosigner is an equal owner of the vehicle regardless of whether or not any payment has been made by him. This is a matter of contract law. Second, and typically in cases where payments are not current, the cosigner/co-owner can take possession of the vehicle to protect his credit if his intention is to surrender the unit or to make payments current.
I make payments on a vehicle and have insurance in my name but the car is in my brother's name is this legal?
No. The primary insured MUST match who owns the vehicle, otherwise any claims made for that vehicle will most likely be denied.
What is eBay Safe Pay by Motors?
Its a SCAM! Avoid any contact with them. Ebay only works with escrow.com for payments and any type of vehicle purchase
In Indiana if a car is reposessed and you only owe a few payments and the vehicle is sold at an auction do you get any of that money back?
lol no
Can the colction take your semi truck if i buy one?
If you don't make your payments, they can be repossessed, the same as any other vehicle.
What are your rights as a consumer in the US as related to repossessions?
* You have the right to possess any vehicle you do make payments on or have paid for. * You have the right to retain possession of said vehicle provided you continue to make contracted payments toward the unpaid balance of the principle. * You have the right to have your vehicle repossessed if you fall delinquent on your vehicle payments to the contracted lender. * If your vehicle is repossessed, you have the right to recover any actual private property that was in the vehicle at the time of repossession. * You have the right to pay fees for recovering your property that was in the vehicle at the time of repossession. * You have the right to pay all unpaid balances and fees accrued as a result of the repossession process. That's about sums it up. I confess I did substitute "right" for "responsibility" in several places.
If the cosigner has possession of vehicle and all payments are up to date can person named first take the vehicle at any time?
Whomever is named on the TITLE has equal rights to the possession of the car.
If you bought a car and the title and loan are in your name but you allowed a friend to take over and now the friend has stopped making payments can you take the vehicle back?
As long as the title and loan are in your name the car is yours. Any payments missed will effect your credit. Take the vehicle back, now.
Can the loan company for your vehicle charge you for insurance?
Yes. If you are making payments to a car lender, you are generally REQUIRED to insure the vehicle. If at any point they discover that you are NOT insuring the vehicle, they have every right to force coverage as they have a financial interest in that car.
