Repossession

Turning in a car prior to reposession?

123

Top Answer
User Avatar
Wiki User
Answered
2009-10-25 06:22:29
2009-10-25 06:22:29

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.

001
๐Ÿ˜‚
0
๐ŸŽƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar

Related Questions


Keep the car at a relatives or friends garage


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


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



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


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



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


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


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


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


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.


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.


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.


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.


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


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


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


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


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


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


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


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.


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.


If the car doesn't belong to you and you refuse to return it, well, that's stealing. What can happen to people who steal?



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.