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What do you do when your car has been repossessed?

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2011-09-13 10:32:49
2011-09-13 10:32:49
Repo'ed carContact the lender that had the lien against the car, and they will tell what steps need to be taken to get it back (i.e. making all overdue and/or current payments on the vehicle).
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When a car has been repossessed the person paying the insurance should cancel it.


I have a welding machine on the truck they repossessed can they keep that?


You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.


You do not owe money for a car if it has been repossessed, so your wages can't be garnished for that reason.


No, since the car is no longer considered "your" property.


A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


if i get my car repossessed, can they put a llien on the house?


Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.


Repossessors are supposed to notify law enforcement when they repossess a car.


No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.


No, but your car can be repossessed if you don't make the payments.


ONLY IF YOU GET THEM FIRST IF THEY TOW THE CAR YOUR OUTA LUK


Buy a bus pass. Or get ahold of your lender and see what they want to get the car back.


if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed


Can I get my personal property from the car if it has already been repossed without paying a fee?


Without proper permission (in writing) to take your car after it's been repossessed, it is considered stealing. Anything from jail time to a hefty fine. If it's been repo'd, it's not yours anymore.


If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.


Once a car has been repossessed, you as the owner of the vehicle have the obligation to repay any amount still owed on the loan. Once a car is repossessed, it is often sold in a repossessed cars auction by the finance company. The amount which the car was sold for will be deducted from the total loan amount and then the difference will be owed by yourself. So yes you would have to pay the whole vehicle off if it was repossessed.



If the dealer calls you after the car has been repossessed, then you should inform them that you no longer have the car. They can contact the finance company to verify the information.


Yes, there are some instances that a person can get a repossessed car back in the state of Iowa. If the person pays all the money owed plus a repo fee, the car may be returned.


Pay for the car and get it back, or pay the deficiency after it has been sold.


No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.


Once your car is repossessed, it is covered by the repo companys and the lenders VERY expensive ins. No need for you to maintain coverage UNLESS you plan on redeeming it ASAP.


Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.



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