You won't be arrested and the police won't come after you it is a civil matter not criminal.
You may be right, you won't be arrested and the police won't come after you but if it's a Felony in California and Florida to hide a vehicle from repossession, how is that a civil matter? Sounds criminal to me but nobody will enforce it.
Eventually you will be court orderded to give up your car, and plus with a repossession, you will ruin your credit report and they will do a wage garnishment eventually.
YES! Don't hide your car from the police it's very bad.
You are guilty of grand theft auto.
The repossession agent shows up and takes the car if everything goes correctly.
Sure you can hide the car. But in doing so, you are just running up the cost of the repossession which you will eventually pay. So, is it wise to hide the car that you do not own? Or would it be much better to talk to the lender and try and work something out even if you have to voluntarily have the car repossessed, thus saving yourself the repossession fees. You decide. is it a felony in calif
I assume you mean from a repo man. It is illegal to hide a car to prevent repossession. In some states criminal charges can be filed against you. In the end they will get the car. The lender does not want to repo the car anymore than you want it repossessed. Both you and the lender loose.Even if you hide the car eventually they will find it. Don't be foolish and try to hide it. Just set down with them and see if you can work out a deal? If not, then just turn the car over to them. This will save you the repossession fees which you are obligated to pay.
It can show at any time. A repossession is compleated as soon as the car is picked up so it does not matter what happens after the repossession it still did happen.
The bank sells your car at an auction lot for about half the price you paid for it.
Depends. Are you receiving the car or are you selling the car.Repossession = againRepossession = ownershipRepossession = gaining ownership again
After a repossession, you will need to pay a fine usually. For example, if this was a car being repossessed, you would have to pay a certain amount to get it back.
It is against the law to hide your car from repossession in every state. It is called fraud, interfering with repossession, auto theft in some states. In Indiana it is routinely dealt with by replevin, an order from the court to surrender the property or go to jail and surrender the property.
who is allow to do Vehichle/car repossession? when is a vehichle/car repossession not allowed? whats the minimum insurance needed for car repossession?
How do you write a car repossession letter?
You can run but you can't hide.
It will be reported stolen.
No you can not "legally" hide a vehcile being sought for repossession. In most states you can be charged with a felony for hiding one.
There is a possibility that you licenses could be suspended. If you are hiding the car from repossession, you technically are stealing the car. The finance company can contact DMV and have the registration revoked and report it as stolen. Give the car back. Nothing good ever came out of hiding one from the repo man. They WILL get it eventually.
is concealing a car from repossession a felony in georgia?
Concealment of a car up for repossession in Florida is a felony. You can be charged with hindering a lender in repossessing a vehicle, or even grand theft auto. Additionally, the state of Florida will not permit you to register any vehicle in your name if you have an active repossession against you.
I don't think keeping a car slated for repossession in Illinois is a felony. Yes you can it is a felony in the state of Illinois if you hide your car or any morgaed property from a secured creditor,It is called Concelment of Colleteral.Check the state of illlinos genaral assambley web site
pay up. otherwise hide your car which wouldn't do you much good because its your car and you obviously need it
The repossession process of a car usually takes about 6 months
No. The contract you signed when you financed the car gave you the terms and conditions which had to be met in order for you to retain your vehicle - that's your notice, right there. Creditors and repossession agents tend not to give notice, largely because debtors have been known to try to hide vehicles or evade repossession by other methods.