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Most major cities will have a car repossession auction. However, most of these will only occur a few times a year. Sometimes it will be advertised on television, or it will be in a newspaper posting.
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∙ 10y ago
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Can you get a personal loan after a car repossession?
You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.
Does the repossession company have to report the repossession to the police after the repossession?
I only know about the state of Massachusetts. And yes in our state they have one hour to report the repossession to the police department in the town of which the car was taken.
What can one do to avoid repossession of their car?
Reposession of a car can be a problematic issue. Making payments on time is the most important and crucial step to avoiding repossession. Contacting the loan or lienholder to work out separate arrangements is often a good next step, as most loan holders will find it much easier to work out arrangements than go through the process of performing a repossession. Finally, while the legality of this action would be questionable, putting the car in the temporary possession of someone somewhat disconnected to the owner may provide some respite, as the repossession company would be unable to find the vehicle to repossess it, while the customer may make arrangements with the lienholder or loan holder.
What are the car repossession laws in Ohio?
In the state of Ohio, your car may be repossessed if you miss one payment. Your car may be taken any time of the day or night by the repossession company. The repossession company is not allowed to keep any items that you may have left in the car. The company must inform you as to what they are going to do with the car, including selling it, putting it in a car auction, or keeping it.
What are the vehicle repossession laws in Arkansas?
Vehicle repossession laws in Arkansas is the same there as it is in every other state. One must pay his loans or risk facing legal action from the one that one has borrowed from.
If they repo your car after one day late how does it appear on your credit report?
as a repossession
Does the car owner have to pay impound and storage fees after repossession?
A car owner has to pay impound and storage fees after repssession because that was their car. The bills are left to the car owner, no one else is going to pay their bills.
A sample letter of vehicle repossession for the state of Texas Where can you find one?
Sample letter of vehicle repossession for the state of texas
How do you find the date the car was repoed?
By calling the original loan facility that was associated with the vehicle is one way to locate the repossession date. You can request that the original document of repossession be sent to you by way of fax or US mail (if you feel there is discrepancy). *Note* The time of default does not deem the time of repossession. Be sure to ask specifically for the actual repossession date and unfortunately you may have to clarify that you are not seeking the default date.
What procedures are needed to get repossession stopped?
Depending on the state you reside in the procedure in order to get a repossession stopped is difficult. One of the few ways to stop a repossession is if a "breach of the peace" were to take place such as your car being in a locked garage or a threat of force was issued.
Do you loose your liciense if you hide a car from repossession?
There is a possibility that you licenses could be suspended. If you are hiding the car from repossession, you technically are stealing the car. The finance company can contact DMV and have the registration revoked and report it as stolen. Give the car back. Nothing good ever came out of hiding one from the repo man. They WILL get it eventually.
I own a buy here pay here car lot and i sold a car to some one who just moved to my state and they ran with the car back to their home state can i issue a repo order in their home state?
Most likely. Find a repossession company in the state the car is in, they should be able to handle it for you.
