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Law regading impound car repossion

Updated: 4/29/2024
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12y ago

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For a car to be reposesed the car must have a lien of the license. This would occur if a loan is out on the vehical and contract is breached due to lack of payments. The other is if repairs are made to the car, usually the repairs exceeding the worth of the car, and payment is not made. The car must also be repossesed without objections of the current posseser. If the posseser objects then the vehical cannot legally be repossesed until the issue goes to trial. This is my understanding of the law in the state of Missouri and may be different from state to state.

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12y ago
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1w ago

The law regarding impound car repossession varies by state. Generally, a lender can repossess a vehicle if the borrower is in default on their loan agreement. It's important for borrowers to review the terms of their loan agreement and understand their rights prior to facing a repossession.

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Related questions

Can you get your car repossion if you cant pay to get it out of impouned?

In a word, YES. If you cannot afford to get it out of impound, they will contact the leinholder and tell them where the car is, why it was impounded, (DWI, No Insurance, Motor Vehicle violation, ect) Please note this is NOT ILLEGAL, the law enforcement agency and towing companies/impound lots are well within their rights under the law to make these contacts and furnish this information. It is NOT a private matter, you will have no recourse, the car will be turned over to the leinholder (IE: Bank, Credit Union, Leasing Co) if they pay the towing bill and storage fees.


Can WV impound an out of state car for no insurance?

When you have no insurance on your vehicle, you void your registration - insurance is required by law. Yes, they can impound a car from out-of-state in that instance.


The law and indecent exposure?

in ill can they impound your car when you are arrested for indecent exposure


Can i buy a car after repossion?

Yes, usually at an auction.


How soon will the impound sell your car in KY?

Impound will sell your car after the impound fees are higher than the value of the vehicle.


Do you have to pay the deficiency on a car repossion in the state of Kansas?

Yes you do. You can file for bankruptcy and may be afforded some consolation, but by law you are responsible for the difference between what was owed and what the lender was able to wholesale the car for.


How far can a repossion company take your car from where the car was picked up to there impound lot?

A Repossesion company can take the car any where. Once the car has been repo'd it is now property of the bank and they can do with it what they want... cars that have been repo'd where I work in WA have been stored as far as TX, but Generally the company likes to keep it some what close to give you a chance to redeem the vehicle, but not always.


Car was repoed all papers where in the car how can he find out where the car is?

Call your local authorities. By law a repo company and an impound company have to report to the police department before taking your car.


How much does it cost to get a car out of impound?

it depends on the car


Can you take your stuff out of the car while its in impound?

NO! you cant its impound for a reason good luck


Can the impound sell a leased car?

Yes, they can and often they do to cover the unpaid balance of impound fees.


How can you get your car out of police impound in the united kingdom?

Contact the impound lot or police dept to find out what to do.