If it was repossessed legally then he is guilty of theft
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.
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
Depending on your contract with the lender or repossession forwarding company, they could be responsible for the storage fees and recovery costs. Ultimately the car's owner is responsible. If the fees have not been paid and you feel they will not be, and you have not released the vehicle yet, do not release it. The vehicle is the only security you have against payment.
No, a repossession company cannot legally hook up a car to a tow truck while people are still sitting inside it. This practice poses significant safety risks and can lead to legal consequences for the repossession company. It's important for repossession agents to ensure that vehicles are unoccupied before towing to avoid potential harm and liability issues.
It depends if the car is in your name or his. If it is in his name, then yes.
The owner can invest money in the company and withdrawal money from a company. They have what is called equity. Equity is built by putting time money and effort into the company which entitles the owner to get money back from the company when it is able to do so.
Yes, because reguardless of what the company did after they took back the car, the fact still remains that it was repossesed.
There is no company with the name "Repo Truck", but "repossession" of a vehicle simply means the financial lending company "takes back" the vehicle, because monthly payments on the vehicle have ceased.
No. Namely, because the car wasn't stolen - it was taken back by the rightful owner (the financier), via a repossession agent. It's not the financier's fault - nor the repo agent's - that you neglected to make your payments.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
Most lienholders will allow you to bring your account current and get your vehicle back - but only after you pay the fee for the repossession and you may also have to pay the repossession company for storage.
In Canada or the United States a Repossession Agent usually works for a car company, a boat company or anything that costs a lot of money and the person who owns is is in default of their payments. These people at great risk go out on the streets, find whatever it is that they are sent to reprocess and take it back for a percentage of what the thing is that they just reprocessed is valued at.