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YOU are responsible for the debt that is secured by the "stolen" car. Be sure to make a police report on the 'stolen" car.

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โˆ™ 2004-10-07 13:15:54
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Q: What if your car is about to be repossessed but it gets stolen who is then responsible?
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Related Questions

Who is responsible if a car gets stolen from a car dealer?

The person who stole the car.


Can a repossessed car be reported stolen?

No


Can you be held responsible for repossessed car if co owner had possession of car?

yes you will be responsible.


What to do if your car gets repossessed in SC?

walk


Who is responsible when your car is being repossessed in Pennsylvania?

The owner of the car (person(s)) who took the loan on the car are responsible


Can a transfer of responsibility be made after car is repossessed?

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


Can you retrieve personal belongings from a repo car?

Yes you can retrieve personal belongings from your car if it gets repossessed. By law you are allowed 7 days after your car gets repossessed to retrieve your personal belongings.


What happens if your car is stolen prior to being repossessed?

Your insurance would be responsible for the value of your car, minus the deductible. Make sure you have a police report and a very good alibi as you could be a suspect for the theft.


Can a car be repossessed if the owner dies before the first payment is due?

The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.


How can you find out if your husbands car was repossessed or stolen?

IF your nae was NOT on the paperwork, you may have a hard time finding out. If it IS, then call the lender and ask about YOUR car. Or call the PD where it was alledgedly stolen.


If a stolen car hit a parked car can the stolen cars owner not be held responsible even if a police report for the stolen car was placed after the hit and run was filled?

Assuming the stolen car was insured, the stolen cars insurance would be responsible. If the stolen car was not insured, the driver, if located would be responsible. If not located then the owner would probably be held responsible. Hopefully the struck vehicle is insured for "uninsured motorist" coverage. Filing the report after the accident would document the theft, but not neccesarily clear the owner of responsibility.


You have one day before your car is repossessed is there any payment options?

Call the lender, and make some kind of arrangements. Do not let your car get repossessed. You will be responsible for the balance on the loan. no


Are the police notified when your car has been repossessed?

In my jurisdiction they are, that way if you wake up in the morning and find your car gone we know it was not stolen.


Can you register a car being repossessed?

The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..


Can you find my car by the VIN if it was stolen or repossessed?

There are certain strict procedures that an automobile repossessor must follow when he is repossessing your car. The repossessor must notify the police that such vehicle is being repossessed, you did before or after the repossession has occurred. In either case, the police should know right away that the vehicle was repossessed. If this is not the case, then the vehicles like to have been stolen.


Who is responsible for stolen items when police tow the car?

If they are still in the car, the person that stole the car is responsible, unless he can convince the police that someone else is responsible.


If there is negative equity on your car when it is repossessed are you responsible for the difference?

It may vary by state, but in most palces you are responsible for the negative equity.


If a car was voluntary repossessed and the cosigner was not notified is the cosigner still responsible?

Yes. If you signed the loan, you are still legally responsible for it.


What are your rights when it comes to a car that just has a payment for half of the remainder owed and the private party it was being bought from has repossessed it for personal reason?

If the repossession occurred in a state that does not permit self-help repossession, report the car stolen; it cannot be legally repossessed. Louisiana and Wisconsin are two of these states. If you can show legal possession of the vehicle, and on time payment, report the car stolen. It cannot be legally repossessed in any state unless the debt is delinquent. If you do not wish to involve LEO's immediately, contact the private party who "repossessed" the vehicle and explain that if it is not returned within a reasonable amount of time, that you will report the vehicle stolen and give his name as the party responsible. There is no legal "personal reason" for repossessing a vehicle.


How much would it hurt your credit if the car you co-signed for gets repossessed?

Just the same as if it was your car repossessed. Legally, you hold the same liability as the primary buyer.


If your car is repossessed are you responsible for the balance after they sell your car in Illinois?

You are unless it's a TITLE LOAN, they usually write it off.


Can car be repossessed on locked property?

It can if the lender gets a writ of replevin, the deputy can take it.


Can a repossessed car be reported stolen if you can't find it?

If you want to be charged with making a false report on top of losing your car. If it has been repossessed legally, you have no real claim on it and aren't supposed to find it. Pay what is owed on it and whoever has it must produce the car.


If your car was repossessed during your separation but it was bought while you were married are you both responsible for the debt?

Whomever signed the contract is responsible for the balance.


When a car is repossessed are you still responsible if is involved in an accident?

Once the agent takes possession of the vehicle, they are responsible for any damages which occur.