Cars & Vehicles
Repossession
Criminal Law

What if your car is about to be repossessed but it gets stolen who is then responsible?

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2004-10-07 13:15:54
2004-10-07 13:15:54

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

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

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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.

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

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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.

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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.

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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.

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

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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.

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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

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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.

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

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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.

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

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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.

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

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You send them a certified letter demanding return of the car within 3 days. If no response, report it stolen.

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It gets reported stolen.


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