were there any charges, such as late fees, or if you dropped insurance they bought it third party (VERY EXPENSIVE), if the did you need to pay these fees before they release the note, IF they released the note and then came up with these fees later on you MAY still have to pay. depends on the state, you should check with a consumer advocate or maybe even an atty. if your car was repossed illegally they COULD be responsible for any number of things such as
loss of vehicle use, damage during towing, ect
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.
Miscommunications between lender and repo companys have happened. Were you still in default of another part of the contract?? Ins.??? If the note has been paid in full then NO! Insurance is not a factor if you own the car.Sounds like you got a good lawsuit.
As long as you are in default of something you agreed to in the contract, YES.
YES, If the note is not paid on time they can. If you want to know what they can and cant do read your contract (all of it) It spells out what would cause them to repo.
can anyone tell me haow I can repo a car that someoone ha not paid for
7 years from the date of repo.
The repo man will get paid on Sunday...
It isn't YOUR car until you have paid the lender.
IF the lender posts a repo on your CR, you have one. You will have the repo on your credit report, but it should also show up as "redeemed".
Pay your note
Yup ... until the debt is paid, the dealer owns the car outright - they have the title afterall which prevents the car from being sold.
how can a leinholder repo a car "with only 2 installments due?" READ your contract. Does it say you will pay as due OR when you decide to? You were in DEFAULT and when in default the lender can repo the collateral.