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What else can I help you with?
Is it legal for a dealership to repossess a vehicle that was not financed only a bank error without letting you correct the problem?
YES
Is Wells Fargo required by law to send a notice before they repossess your car?
No. Their terms and conditions were laid out for you in the contract which you signed when they financed your vehicle. If they do give notice, it's more as a courtesy, and also because they'd much rather you make your payment than to have to repossess your vehicle.
Can a car be repossessed if only the rims are financed?
Yes, in some states. The shop can file a lien against the vehicle, as the rims are now part of the vehicle. Some states only allow them to repossess the rims.
What are the proper steps to repossess a motorcycle you financed for a friend?
depends on what state you are in.
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.
Can a cosigner coowner repossess a vehicle if the primary has not defaulted payment on the loan?
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
How do you return a financed car?
I assume by "financed" you are NOT referring to a leased vehicle but one purchased with a new-car loan. I also assume the vehicle is still pretty new and has very low miles, which is why you mentioned "returning" it. Basically, you cannot return a vehicle. It's not like buying and returning merchandise from Wal-Mart. You must sell the vehicle. The dealer from whom you purchased it might be willing to buy it back, if it's like new, or perhaps you could trade it in for a different model.
Can a car dealership who in-house financed the car repossess it?
YES, if they have the folks, ect. to do it. A lot of note lots do so.
In Colorado can you repossess a car from an ex if you financed it in your name but he has been paying as agreed?
He wouldn't have any rights as long as the car is registered in your name. Now if the car is registered in his name then technically he is the owner of the vehicle and the financing contract would not have any bearing on the owner of the vehicle in question.
Can a lienholder repossess a car if it is not in default but in the impound?
As long as you continue to make the payments, they would have no reason the instigate a repossession. When a vehicle is financed or leased, the creditor has an interest in the vehicle and rights under the contract you signed. If you are in default of the contract either by default in payment or otherwise (failure to insure or other terms) the vehicle can be repossessed.
When can the creditors repossess your vehicle?
When you don't pay for it.
What is the difference in insurance if your vehicle is financed?
No, there is no extra charges on an insurance policy for a financed vehicle. Only difference will arise in the paper works, and it will mention that the vehicle is hypothecated.
