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I have done this twice. I have a purchase agreemant and a promissory note that I got on line at one of those legal sites. Make sure you verify that you are listed as loss payee on their insurance before turning loose of the car. I also required 6 refrences(names, numbers and addresses), proof of income, and proof or residency(utility bills, etc). The first one was to my brother in law so never was to worried about that one but the second one I got a GPS unit installed on it. At any time I can kill the ignition and go get the car! The customer is aware of it, and hes never been late! You are probally worried that they will disconnect it. If they do it is in the contract that it is grounds for repo and the GPS unit automatically sends me a text message when it has been disconnected and has a battery back up so no fears. I do not charge interest to keep it simple but the mark up more than covers it. Hope this helps......
What else can I help you with?
What is surrendering your vehicle mean?
Surrendering a vehicle, in a financial sense, means that it is being repossessed and it is being given back to the finance company. The company will usually send someone to collect the vehicle.
Can you refinance a vehicle not included in a bankruptcy but owned by a credit union that had another account discharged?
If the vehicle is owned by someone else (the credit union) then it is not yours to raise finance on.
If someone dies and has a car on finance does it belong to the estate of the deceased if there was no insurance on the loan?
If the loan is not paid off at the time of the death, the vehicle belongs to the lienholder until the vehicle is paid off.
How can a person take a car away from someone who doesn't have auto insurance?
I assume you mean a repossession of a vehicle if you let your insurance cancel. When you purchase a vehicle and finance the cost of the vehicle you sign a legally binding contract. One of the terms in the contract is always that you must carry physical damage auto insurance payable to the finance company if the vehicle is a total loss or damaged. If you fail to keep this insurance you have broken the contract and the vehicle is subject to repossession and you may be sued for additional damages if the value of the vehicle is less than the amount owed to the finance company.
Can you finance a new engine for your vehicle?
Yes, you can finance a new engine for your vehicle by taking out a loan or using a credit card with available credit.
Where can someone find a Finance Lancashire online?
Someone can find a Finance Lancashire online by visiting the website that offers this finance. The site "lancs ac" is where you can find a Finance Lancashire.
What is a cosigner service for car loans and how can it benefit someone looking to finance a vehicle?
A cosigner service for car loans is when someone with good credit agrees to sign the loan agreement alongside the primary borrower. This can benefit someone looking to finance a vehicle by increasing their chances of approval and potentially getting a lower interest rate. The cosigner essentially promises to repay the loan if the primary borrower is unable to do so, providing the lender with more security.
What are the loan rates for vehicle from Bajaj Finance?
china
In pa when a vehicle is repossessed does the finance company have to tell you what their doing with the vehicle?
Usually, they do not have to tell you what they are about to do to your vehicle. But, the procedure is is that they will sell your vehicle in an auction.
Outstanding finance check?
An outstanding finance check verifies if there are any existing finance agreements or loans tied to a vehicle. It ensures that the vehicle's ownership is free from outstanding debt or financial obligations. Conducting this check is crucial when buying a used vehicle to avoid potential legal and financial complications.
Who is the legal owner of a vehicle?
The one with the name on the title, if it is free and clear. Otherwise, finance companies that finance vehicles are the official owners until the loan on the vehicle is paid off.
Can I still purchase another vehicle if I voluntarily repo my current car?
It may be alittle tough to find a finance company to finance the vehicle but you should be able to with some cash down.
