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If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Wiki User
∙ 18y ago
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Wiki User
∙ 18y ago
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Can you be charged with a stolen truck if you get behind on payments?
If they come to repossess it, and you claim to not know where it is, then the repossession agent will report it stolen. At that point, anyone found in possession of it is in possession of a stolen vehicle.
Can they repo a car once you have paid up to date but still owe 7000?
If you are up to date with your repayments then the finance company are unable to repossess your vehicle. If you have defaulted on your payments then they are able to repossess the car, the number of missed repayments which qualifies for repossession will be stipulated on the agreement you signed when you first purchased the vehicle.
What do you need to repossess a vehicle in Nevada?
You have to posses the title on the vehicle and the documentation that there is a default in payments.
If there is an attempt to repossess and you decide to keep the vehicle can they legally charge the customer for the repossession fee?
In most states, yes. Provided the repossession company made a good faith effort to secure the unit, especially if their efforts motivated the borrower to make good on the bad debt.
Will Harley dealership repossess when in for service?
Dealerships are not typically recognized repossession agents, however, if you bring in a vehicle for service, and a valid repossession order exists for that vehicle, the delareship may secure the vehicle for the lender so that repossession may take place.
If a car that is being repossessed is at a residence of someone else and a vehicle is behind the car to be repossessed can they move it lawfully?
No. Absolutely not. If they enter a vehicle they do not have an order of repossession on, they've committed a crime. They may enter the vehicle they are there to repossess, and only the vehicle they are there to repossess.
Can the bank repossess a vehicle even if the payments are current?
Not IF you reaffirmed the loan with the creditor.
Can Ford deactivate the on board computer if you are behind on your payments?
No. They can, however, repossess your vehicle
How can you find out if you have a repossession on your vehicle?
miss a couple of car payments and you will find out!
Is it legal to repossess a vehicle for late fees and not regular vehicle payments?
Yes. Any amounts owing.
How long before they can repossess you car in Virginia?
The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.
Can you repossess a vehicle if you are the sole owner on registration?
Yes you can repossess if you are the soul owner. If the person whom your repossessing the car from gives you trouble, have the police meet you to witness the repossession.
