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Turning in a car prior to formal repossession activity is still a repossession. It differs only in the fact that it is voluntary and may not affect your credit quite as adversely. It does demonstrate a certain level of responsibility.

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โˆ™ 2009-10-25 06:22:29
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Q: Turning in a car prior to reposession?
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Related questions

Can you keep your car from reposession?

Keep the car at a relatives or friends garage

Can you rent a car with a car repossession on your record?

You can't rent a car with a car reposession. Unless you do something about it.

Can the police get involved in a car reposession from a car dealership?

No they can only be present if you are being sued, or there is a disturbance

Are you able to get a car if you have a reposession on your name?

This depends upon your credit score.

You bought your car privately and didn't transfer title the guy who sold it to me took it right off the street is this reposession or theft he called it reposession?

I would think theft

How many months can the bank reposession your car in New York?

If you miss one payment you get a warning, after the 2nd, they can reposess the car.

If you volunteer a reposession on a lease car and the car is not operable what happens?

They repossess it anyway and you could be responsible for the repair cost, depending on the lease contract.

Car was repossessed with you sitting in it and it was in your backyard and cops were called by repo man to make you get out of the car is that considered breach of peace?

YES! reposession is a civil matter, reposession men have been sued over cases like this and lost. He should have approched you and stated he's there to repo the car because your behind on payments and if you declined, he should have left and came back later to get the car.

Is it illegal in Maryland to hide a car from repo?

I believe it is illegal to hide anything in any state from reposession.

If a car is purchased in ca and registered on SD which state laws apply for reposession?

SD since it is registered.

What reposession company handles toyota's reposessions?

the police or dealership that you got the car from always handles REPOs

How much will you pay if your car is out for reposession and it never get caught?

all of it. Just because they cant find the car doesnt mean your debt goes away.

What happens if I don't repay an auto title loan?

You will lose the car if the Auto title loan is not paid. The lapse in repayment can result in reposession of the car.

Who is at fault when a car avoid hitting turning car and hit car coming head on?

that would be the car turning because the car that had to swerve to avoid it hit another vehicle due to the turning car's failure to yield.

What happens when your return a car to finance company?

It is treated as a voluntary reposession and it still hurts your credit. They will auction the car and you will pay the difference of your loan and the amount they get from auction.

When turning left and an opposing car is turning right who has the right of way?

Car turning right has the right away. Car turning from left has to yield the right away to cars coming strait or turning right this is the law in all 50 states

Does the DMV get notified of a reposession if they have not found the car yet?

No. Only when the vehicle is repossessed and always once the licence plates are turned in.

How can a cosigner get out of a collection from a car reposession?

I don't think you can. You are stuck. That's what it means to cosign. If the person doesn't pay they have you to pay.

Can they garnish your income taxes in Virginia for car reposession?

Only if a judge makes such a ruling after a suit has been filed against you.

How long do have to pay once your car is reposed?

The bill is due immediately after the finance company sells the vehicle and totals the cost of reposession.

How do repossessed cars affect your credit rating?

A car reposession will leave a major black spot on your credit rating for 7 years.

What causes your car to stall while turning?

If the car is starving for fuel or air (low power at idle), the car will stall while turning.

Why is the ford Model T such a big turning point?

It provided cheap transportation to the masses. Prior to the introduction of the Ford Model T only the rich could afford a car.

How do I save my car from repossession?

Generally once your lender has identified your car for reposession, you must pay off the existing loan in full to keep your car. However, it doesn't hurt to try to negotiate with your lender for a better deal.

What does it mean when the car makes a groaning noise when turning a corner?

The front wheel bearing is bad. The sound will be more pronounced when turning one way but not the other. The bad bearing is on the side of the car opposite the turning since more weight is on that side of the car when turning.