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Why a bank will repo a car?

Updated: 8/20/2019
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10y ago

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Non-payment of loan.

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10y ago
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Q: Why a bank will repo a car?
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How do you find out who repossessed your car?

The bank/lending company are the ones who repo your car the repo chimps are just their agents.Your bank should tell you.


How can you find out if a car is in repo?

Call the bank and ask.


Can your car be repo if you have no insurance?

The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.


Can a repo person come into your closed garage and get the car?

NO. Have him arrested if he did that. _____ Sue the lender/bank do not waste your time with the Repo guys; they are agents of the bank so the bank is responsible for their conduct.


Who is responsible for the car if it is destroyed in a natural disaster after it is repo?

The Bank that took ownership.


Is it illegal for a repo man not to give his name if asked by the person whose car is being repossessed?

The repo-man doesn't have to give his name. He can only tell you which bank sent him & where you can pick up your car when bank okay's it


Can the bank repo a car with a clear title?

No, if you own the car outright and there is no lien against it, no one can repo the car under normal circumstances. The only reason I could think of would be if you owed the bank money and they sued you, and the court made you put the car up as collateral.


My car was repo'd and then 2 days later I saw my car with the repo man down the beach. Now it's damaged and the bank says I have to fight it out with the repo co. after I pay to get my car back.?

Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company


You won a car and the lien was never paid off by the company can the bank repo it?

Unfortunately, it doesn't seem as though you really won a car. The lien just means that the bank has interest in the vehicle until the note is paid. Yes, they can repo the car if the not isn't paid.


How would a bank in Michigan listed as leinholder go about repoing a car in Ontario with a Michigan title from a Canadian citizen?

Slightly confusing question. If YOU are the leinholder, why is the bank trying to repo the car? Why does the bank not know the laws of repossession in MI? If you(the leinholder) are trying to repo the car, CALL your attorney. You will need her/him to perform this LEGALLY.MI and CANADA are NOT good places to LEARN the repo business for beginners. Good Luck.


Can a bank repo a car bought at sherriff sale?

I think They can because the old owner did pay the bills and the bank wants the car back. Yes i think they can.


Can a car dealer repo your car if 720 towards the down payment is owed yet chase auto finance has financed it?

A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.