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they are different if you finance than when you lease. when you lease and get behind on your payments (usually 3 months) the bank will ask you to either catch up with your payment or they will send a bailif (civil enforcment-sherriff's department most likely) to get the car from you but he can't breach the peace for example if you start arguing with him and say he can not take the car then they have to file a civil claim and with court judgment they can enforce it. but if you give up the car you will be liable for the rest of the payments that you signed in the contract. if you finance it's the same thing they can only enforce it with a court order or take the vehicle only if you agree and comply but only between 6am and 10pm and without breaching the peace. once the vehicle is reposessed you're NOT going to be sued for the difference once they have the car you are cleared from the loan. you will gat a paper saying that once the car is reposessed the claim against you is satisfied and you're all free! please ask if you have any questions i just went through repo couple weeks ago and i know all the laws and procedures (I've been driving my car for 8 months before they found me)
What else can I help you with?
What are car repossession laws in Missouri regarding notification to auction a vehicle?
what are the legalities of voluntary vehicle repossession
What does the government of Alberta do?
The Government of Alberta listens the MLA's decisions and discuss what laws they need and don't need in the province of Alberta.
What is the Alberta law regarding vehicle repossession?
if there is a conditional sales contract such as a carfinco finance agreement the law is seize or sue BUT NOT BOTH !THEY WILL TELL YOU THEY CAN BUT BUT THE RULE IS SEIZE OR SUE both in Alberta and in bc
What are automobile repossession wage garnishment laws for Alabama?
=purple and black=
How do you get state repossession laws?
Just log on to WWW.statelaws.com and ask questions.
What are the vehicle repossession laws in Arkansas?
Vehicle repossession laws in Arkansas is the same there as it is in every other state. One must pay his loans or risk facing legal action from the one that one has borrowed from.
Can an auto lender use an investigator for repossession?
Yes, an auto lender can use an investigator for repossession. This is often done to locate the vehicle and ensure that the repossession is conducted legally and safely. Investigators can help gather information about the borrower's whereabouts and the vehicle's location, which can streamline the repossession process while adhering to relevant laws and regulations. However, the lender must still comply with state laws regarding repossession practices.
What are the repossession laws in Illinois?
There are several web resources about repossession in Illinois. In addition to this information, the Illinois General Assembly's website contains the full text of all Illinois Laws. Please see the links below.
Which repossession laws apply when a car is purchased and registered in Nevada but the finance company is based in Arizona?
It isn't relevant as both states allow repossession of a vehicle under UCC laws (without a breach of peace).
Where do you find state laws regarding auto repossession?
Repo Laws can be found at a site called www.dmv.org or you can also check your local laws.
What are the laws for scooters in Alberta?
u mean a moped
If you purchased a car in Delaware and moved to Texas what are the laws for repossession?
The legal remedy for vehicle repossession is covered by UCC laws. Regardless of where the lender is located the car can be repossessed under the laws of the state where it was purchased or where it is now located, whichever means is most advantageous to the lender.
