0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
Does homeowners insurance pay the loss to the homeowner or the lender?
The leinholder is paid off first, then anything remaining goes to the homeowner. This is usually done with a check that is made out to both the lender and the homeowner.
Can you get auto insurance under your dad if hes not on the car loan?
Yes. The leinholder (the person who has to pay the loan) and the lender (the person who receives the loan payments) is not related to the person insured to drive the vehicle.
Where might one obtain finance to purchase a Nissan?
There are many ways to finance the purchase of a new vehicle and if you are looking to finance a Nissan there multiple options. You can finance the purchase of a new Nissan automobile through the Nissan Motor Acceptance Company (NMAC) or through any number of reputable Nissan dealerships such as the Choose Nissan dealerships.
Can the lender charge off the remaining balance of 850 dollars on a car loan of more than 13 thousand dollars which has been paid and then repossess?
As long as there is a contract with your car as collateral and the contract is in DEFAULT, the leinholder can repo(excluding B/K).
If there is a charge off on an auto loan and you have the car who does it belong to?
IF there is a LEINHOLDER on ANY title, it belongs to the LEINHOLDER.
Will a car dealership payoff a leinholder?
Yes, If you are trading in your car, or selling your car, to a car dealership they will payoff a leinholder in the process.
If your vehicle was hit by an uninsured vehicle that was impounded after the accident but later repossessed from the pound by the leinholder can you sue the leinholder?
You could try but I doubt you would prevail. What liability do you think the leinholder has in the accident? You need to sue the driver of the car that hit you.
How do you find out who is the leinholder for a car?
It should show up on the title.
Can the police seize a vehicle that you are not leinholder of?
Yes. They can. If the vehicle is in your posession when they stopped you.
Can you charg storig for repo?
Yes. If you set it up in your contract with leinholder.
How do you sell your car with you being the leinholder?
How can you be the lien-holder of your own car.
Is a private leinholder of a vehicle liable for the actions of the person who has possession of the vehicle?
No.
If you know that someone is hiding their car from the repo man at your home who do you notify?
You need to know who the leinholder/lender is OR which repo company is looking for it. The VIN is used to trace the leinholder. IF you need more help, email me.
What happens to auto title if leinholder goes out of business?
It'll lose money.
How can you find finance company to a abandoned car?
Leinholder if any will be on registration.car has no registration
What happens when a vehicle is purchased outright from a private seller and the title has a third party lien and the vehicle gets repossessed?
VICTIM buyer has to pay off the leinholder to get car. And/or sue con seller. Leinholder WILL get their money. GOOD LUCK...
