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Yup ... until the debt is paid, the dealer owns the car outright - they have the title afterall which prevents the car from being sold.

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17y ago

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If you are current on your payments can the car dealership who sold you the car repo it or is the bank that is financing the vehicle the only one who can do that?

The bank/finance company. The dealer has already been paid for the vehicle


Can a dealer repo withOUT a sales contract?

Yes, if the Lien Holder of the vehicle gives them permission to repo.


Does an auto dealer such as Nissan have the right to repo a leased vehicle if the vehicle is not insured?

YES. Read your contract. Does it call for you to maintain ins???


If a deal is closed and you've made payments for 11 months to the bank and dealer later notifies that there is a downpayment debt of x amount can he repo and if he does will it cancel the debt?

A dealer can not repo the vehicle. The dealer can howecer sue you to get the down payment money if he can prove you owe it.


Can a bank report a repossession on a credit report when the local dealer co-signer was the one that repossessed the vehicle and paid the bank in full?

lets get the FACTS straight. Heres what I'm seeing. A(person) buys car from (dealer) D.D "co-signs" the loan. A defaults on loan and D repos the car. B(bank)reports repo on A CR. Simple. A had loan in default, got repoed. Repo goes on CR because it happened. WHO did the repo is immaterial. Repo doesnt go on D because D "PIF".


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 do you get paid for a car some one wants to repo and you know were it is?

i know a vehicle that is wanted for repo and i know where it is located but will i get payed for telling them and around how and who do i call ? thanks i really appreciate it


How can you buy a repo vehicle?

Copart Auto Auction has some repo vehicles. You can check them at http://www.easyexport.us/?a_aid=49e6f684c12b9. It's a dealer auction but you can get an access through one of the official brokers.


Can a dealership repo a vehicle immediately after the car note was paid in full?

As long as you are in default of something you agreed to in the contract, YES.


Can a paid off vehicle be repossessed over a repo fee?

no cos i aint tellin u u are an idiot find out in a book


Can lien holder repo vehicle if not paid?

Yes. That's the sole cause for repossession, when the payment/s haven't been made.


In Alabama is it legal for a car dealer to take a car back?

If you mean to re-possess it. . . yes. If the dealer still holds the title to the car then they are still the lawful owner. ---------- Legal ? How ? As in repo ? Yes, if its not paid as agreed.