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Yes! I actually work at a credit union, and this happens all of the time. It's not technically a "reposession" it's called "being impounded" but it is basically the same thing, the car is reposessed because you did not follow the security agreement that you first signed when you did the loan.
What else can I help you with?
Can your car get repod if you have the title?
If you've used it as security for another loan, yes.
Do you need to have insurance on a car when transferring the title?
No
Can you sell a car you have paid cash for and have receipt on but not personally titled?
No, you cannot sell a car that is not titled in your name. That would be a crime, transferring stolen property. The car legally belongs to the person whose name appears on the title.
Can a matured car loan get repo?
Any car you owe money on can be repod, unless you file bankruptsy
Can a dealer sell your car without your signature on title?
No, a dealer cannot legally sell your car without your signature on the title. The title serves as proof of ownership, and transferring it requires the owner's authorization. If a dealer attempts to sell your car without your consent or signature, it could be considered fraud. Always ensure that your title is properly signed and in the right hands before selling your vehicle.
Can a 16 year old legally own a car without parental consent?
Legally they cannot hold title to a car. Someone else has to be listed on the title.
Can you transfer a car title to a new car?
No. Each car has its own separate title so you can't transfer it to a different car. You can, however, transfer title of a car from one person to another. That is part of transferring ownership of the car.
Where can you sell a car for parts without a title legally?
You can't. Get a duplicate title.
You want to sell your financed car; but how does the transferring of the title work?
Contact your lender.
Who owes the car the person with title or bill of sale?
The person with their name on the title legally owns the car. Bottom line.
Can you get a title loan on a financed car?
Legally, NO !!! can you, sure!! LOL
How can I legally sell a car that was gifted to me?
To legally sell a car that was gifted to you, you will need to transfer the title of the vehicle into your name. This typically involves completing the necessary paperwork with your state's Department of Motor Vehicles (DMV) and paying any required fees. Once the title is in your name, you can then sell the car by following the appropriate procedures for transferring ownership to the buyer. It is important to ensure that all legal requirements are met to avoid any issues with the sale.
