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Because the bank owns the car. The person that financed the car did not pay the bank.

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12y ago

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When does a car dealer have to sell a car as used?

After the car has been registered in someones name.


When a bank repossess someones car?

As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.


How do you sell a car when the bank has the title?

Contact the bank. You can't sell it without the title.


Can you sell a car if a bank has the title?

NO.


Can you sell your car before it gets repoed?

Even if you could you would still owe the bank the money they paid for the car.


If you owe the bank money for a car that was totaled in 1997 the bank appears to have abandon it could you fix it and sell it?

Technically, you would need to get title to it before you could sell it. If the bank will grant you "salvage" title, perhaps for a cut of the profits (or a dollar), you can fix it, sell it, and split the proceeds with the bank.


When can a bank repossess someones car?

When the owner defaults on the loan payments


Is there any reason that the bank that is trying to repossess your car would contact a car auction to come to your place of residence?

Car auctions SELL repos for lenders and also pick them up from debtors. Is there any reason for a bank to "TRY" to repo a car??


Which is worse - to vomit on someones carpet or to vomit in someones car?

Probably someones car, especially if it is a really expensive car. Cars will generallly be trickier to clean becaus of the tighter spaces. Carpets can be cleaned easily enough, but I would advise not to vomit in/on either.


What happen when the car is not reposed after bankruptcy?

Nothing, but my advise to you is that if your bank rupt you should sell the car


When you vehicle is reposed are you financially responsible to pay the bank anything?

When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.


If you hit someones car and drove away what would you do?

You would be committing a hit-and-run, and be arrested.