The institution that has a lien on the vehicle.
If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
Then tell the Repossession agents where it is and who has it.
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
turning over the title is NOT the only way to record a lien on your car. IF the lender did it correctly, YES, it can be repoed.
Because they would have to invest more money to get it repoed than they could get back when its sold. Example: car will sell for 1000 as-is vs having to pay 1000 more to get it repoed and it would still only sell for 1000.
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
Who payed the car off?Was the car repoed?
NO, not for just being repoed.
Even after 107 years.
Repossessed no. Confiscated yes.
Then you should pay your bills.
I missed my payment on my jeep and they repoed my other car. Can they do that
If the car is being repoed then you owe something.
YES, IF you were in default and they repoed it. NO ins. coverage IS default. Do you HAVE the car NOW?
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.