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If your car has been repossessed do you have to keep car insurance on it?

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.


Can your car be repo if you have no insurance?

The repo man will not care if your car has insurance or not. If you haven't been paying for your car, the finance company or bank will take their car back.


How much does it cost a dealership to pay a repo company to repo your car?

It depends, usually the repo man will come to the dealerships and tell them a price they'll repo a car for. The company I work for charges roughly $150 a car, but if we have to go unusually for to get the car the price goes up accordingly. Like if we have to fly out of state to get a car the dealership pays for the plane ticket plus a few hundred.


Can you repo an auto in Mississippi for no insurance?

Yes, If your auto finance contract requires you to have insurance on the vehicle and you fail to meet that obligation they can certainly repo the car for violation of your contract terms.


Can you be charged a repo and insurance fee when the original owner never notifid you of the repo and drove the vehicle away herself?

I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.


Do you have to be bonded to repo cars in Ohio?

bonded .... no.... but you must have the correct insurance... ask any insurance agent for help with this.... i am a repo man and to work for any Bank you must carry a million dollar insurance policy.... yes... i said 1 MILLION DOLLARS


How much is repo rate and reverse repo rate currently?

6.25, 7.25


If your insurance is up to date what is the soonest the car can be repo in the state of nc?

Insurance has nothing to do with it. Read the contract you signed when you took out the loan.


In the state of Texas can the lender repo your vehicle if your auto insurance lasped for 4 months you was told you had to pay full insurance coverage or vehicle will be repoed can they?

Yes they can repo if they catch the insurance lapse. Most financed vehicles have a Full Coverage clause that you signed and agreed to when you contracted to finance the vehicle.


Can reposession company file a claim with your car insurance company to fix preexisting damage?

If your lien holder repo's your vehicle, they can file a claim against your insurance for damage to the vehicle. The repo company itself would have no claim, because it's not their vehicle.


What are basic repo storage fees etc typical in NY?

It can vary from repo company to repo company. but on average in the ny area storage fees can range from $15-40 a day. It depends on the arangement the repo company has with the bank


How much money did Repo Men gross worldwide?

Repo Men grossed $18,195,238 worldwide.