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What if the finance company after 8 months never get their vehicle one day the driver gets pulled over by the police will they take the vehicle?
Wiki User
∙ 12y ago
This depends on where you are.
If you are in an area where it is illegal to hide the vehicle from the finance company you will get arrested, the vehicle will be impounded and the finance company notified.
Added: If you have been concealing the vehicle from the creditor and at the same time not beein making payments, the creditor may well have filed a stolen vehicle report with the police.
You have wrongfully deprived the creditor of their property (i.e.: THEY own it - not you). If the vehicle turns up in the police records as stolen they will not only confiscate the vehicle - you could be facing criminal charges as well.
Wiki User
∙ 12y ago
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Will my insurance company find out I my driver's license was suspended?
Of Course they check your motor vehicle report every 6 months!
How many months without making a payment will the vehicle be taken?
The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.
How many years is the max you can finance a new vehicle?
72 months is about as long as any lender will go. However if you have to finance a car for 72 months then you are buying more car than you can afford. I never finance a car for over 36 months unless I can get 0% financing.
How do you make an experience certificate of a driver?
milk company driver six months exprences
Can a finance company repo your car if you are current on payments?
No...if you are completely current...and have nothing owing from previous months..again no.
What should you do if your payment is late 4 months and the finance company hasn't picked up your vehicle?
They will likely be by to pick it up soon. They are giving you every oportunity to catch up the payments(they REALLY dont want the car back, they want the money).
Can a finance company in Texas repossess a vehicle if one payment is missed?
Check your loan documents but they can if you are one day late. Most don't because they really want the money. Three to six months late on payments the REPO man will be looking for ya.
What auto loan sources that will finance 144 months on a new car?
The best answer for this question is to use your line of credit to buy this vehicle if it is for personal use.
How long is it until the first MOT on lorry -Ministry of Transport- test is required?
The first test should be 12 months after the vehicle was first registered with DVLA (Driver and Vehicle Licensing Agency)
Is it true you have to be six months behind on a car payment in the state of Nebraska before it can be repossed?
Technically they can repo your car after 30 days. Depending on the finance company
What can i do about insurance company having my car for four months and still not fixed?
Why would the insurance company have your vehicle at all? Your insurance contract states the company will repair, replace, or pay the actual cash value of your vehicle at their option. There is obviously more to this story. If you clarify, perhaps I can help you.
In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?
Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.
