It is very unlikely that any trustworthy loan officer would approve a loan for this purpose.
It's still your car as long as you pay for it. You are expected to pay impound to get it back.......................but they have the title
Impound will sell your car after the impound fees are higher than the value of the vehicle.
No, but it can be impounded by the police. Lack of insurance is a crime, generally a misdemeanor, but if the degree is severe enough the police can impound it as evidence in a criminal case. To get your car back, you would need to provide proof of insurance, a valid driver's license for the owner of the car and the insurance, and pay the fine for the crime as well as the storage fees for the car while it was in the impound lot. Repossession is done when you have failed to pay on the car loan. In essence, a car loan is a secured loan - if you don't pay the money, the loaning institution can take the car and sell it to pay off the loan.
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.
NO! you cant its impound for a reason good luck
it depends on the car
Yes, they can and often they do to cover the unpaid balance of impound fees.
Contact the impound lot or police dept to find out what to do.
Depending on what your state laws are, the impound lot will auction your car to try to pay the storage bill.
The police may impound a car if it is involved in a crime, abandoned, illegally parked, or if the driver is arrested and the car needs to be removed from the scene.
If the impound releases it to you then it is okay, otherwise it is theft.
A way out.