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If it goes into impound, the car can be repossessed. If the car is not retrieved from impound, then the agency which put it there files their own lien, which takes precedent over any other lien already existing on the vehicle.
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∙ 7y ago
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When does your car get reposessed?
When you fail to make the car payments. Usually the bank or financial institute that holds the lien will give you fair warning for payment and then they will tow the car if no payments are made.
In Indiana if a car is reposessed and you only owe a few payments and the vehicle is sold at an auction do you get any of that money back?
lol no
Need to fine my car it got repo?
i havent made payments on my car since january 2012. how can i check if my car is going to be reposessed for non payment. without calling the company i bought it from. is thetre a ;list of cars by make and license plate numbers
Should you buy reposessed car?
I would avoid purchasing a reposessed car because in some cases, cars that are reposessed are trashed. I had a friend who looked at a car that was a repossession and there were things missing from the car (radio with CD player). I would avoid purchasing a reposessed car because in some cases, cars that are reposessed are trashed. I had a friend who looked at a car that was a repossession and there were things missing from the car (radio with CD player).
What do you need to do after your car is reposessed?
get a new car and get a life
Can your car be reposessed if you are in hospital?
Yes
Can a car be reposessed if the loan taken out on the car is much less than what the car is worth eg i have 7200 for a car and i only need about 2000 so if i default can my car be reposessed?
Yes.
What if you pay 95 percent of your car loan and you stop paying Can it be repo?
Yes! Even if you've payed 99.999999...% your car will still be reposessed.
What if it has been over 5 years since you made a car payment and it has not been reposessed?
Chances are it wont be.
What if the car repossessed got in a wreck?
If you buy a car, lend it to a friend and it get wrecked then you have to get it reposessed with a bk. What can the creditor do if the car is wrecked? Even after the bk can you be charged for missing or broken parts?
Can you get in trouble for taking a car out of state that is supposed to be reposessed?
no
How can you get your vehicle title from an out of business car lot?
You are in a very grey area here. The cars on the lot, and the ones they have sold, may still be collateral on the loans or credit line of the dealership. Your car could be reposessed any time even if you are up to date on payments. You need to get in touch with someone at that dealership and find out what is going on.
