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13y ago

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Can a car be reposessed if the loan taken out on the car is much less than what the car is worth eg i have 7200 for a car and i only need about 2000 so if i default can my car be reposessed?

Yes.


Should you buy reposessed car?

I would avoid purchasing a reposessed car because in some cases, cars that are reposessed are trashed. I had a friend who looked at a car that was a repossession and there were things missing from the car (radio with CD player). I would avoid purchasing a reposessed car because in some cases, cars that are reposessed are trashed. I had a friend who looked at a car that was a repossession and there were things missing from the car (radio with CD player).


Can your car be reposessed if you are in hospital?

Yes


Can you get in trouble for taking a car out of state that is supposed to be reposessed?

no


Can a car be reposessed after judgment?

Whether or not a car can be repossessed after a judgment depends on the judgment.


What will happen if you dont give up your reposessed car?

They will come and take it.


If my balance is paid can my car be reposessed?

no if it is paid it is yours unless, there is a lien on it


How do you get a car loan to pay for your reposessed car?

Go to the individual banks, and credit unions, and talk to them.


Can your car be repossessed if it is parked inside your garage in CA?

your car cannot be reposessed if it is in your own garage


Do you need a reposession license to buy a reposessed car?

NO. No but you do need a car dealers license in most states to attend repo auctions. The auctions are not open to the public.......thats why your car worth $15,000 sells for $7000 and the loanee is stuck with difference.


Can a car get reposessed without consent?

Oh, but there is consent. When you signed for that car loan, or you agreed to let a lien be on that car, you consented.


How soon can a car get reposessed in Florida?

12:01 am of the day after your payment is due