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Who ever is holding the title as collateral for a loan. The bank or finance company typically.

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โˆ™ 2010-01-13 03:09:13
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Q: Who is the lienholder in car buying?
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Related questions

Can your car be repossessed from the towing lot that towes your wrecked vehicle?

If there's a lienholder on that vehicle, yes, that lienholder can repossess it.

Can a lienholder report a car stolen in Georgia?

Simple answer? sure.

When the tow truck driver backed into your backyard with out your consent was he trespassing to repo my car?

Nope. It's not your car - it's the lienholder's car. And the law permits the lienholder to recover their property when the conditions of the lien are not met.

If primary borrower gets behind in payments can you repo car?

If "you" are the lienholder then yes. If you're not the lienholder or their authorized agent (e.g. a repo man working for them), then no.

Can a car that's repossessed be entered by towing company without authorization?

The order of repossession is their authorization to enter the car. If your car is being repossessed, it means there's a lien on it, and the lienholder called for the repossession to be carried out. You don't own the car - the lienholder does, until you pay off the lienholder and they relinquish the title to you. So yes, that tow company doing the repossession has every right to enter the vehicle they're repossessing.

Who does insurance company write check to from stolen car?

Either to the owner or lienholder depending on if there is a loan on the vehicle and if there is a loan, how much is owned. The lienholder gets paid first.

Can a dealership repossess your car if they are not the lien holder?

No. The lienholder is the only entity with a right to repossess.

Can your car be repossessed for credit card debt?

Unless the credt card company is the lienholder on your vehicle, no.

Can you still get insurance on your car if it has a lien on it?

Yes. You'll be required by the lienholder to get full coverage, typically.

My car has been reposed in the BX NYC - what must I do to get it back?

Contact the lienholder. Only they can answer that question.

Is there a time limit in which a car can be repossessed?

As long as there is a lien on the vehicle the lienholder has the right to repossess the property

Can a car be reposed if you owe less than 1000?

Car CAN be repo'd even if you owe $1. Whether or not it does get repo'd is up to the lienholder.

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