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Yes, a finance company may use lojack to locate and recover your car. They may also use repossession experts to pick it up as well.
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∙ 9y ago
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Can they use lojack to repo your vechicle?
Only if your car was lojacked by the manufacturer and the repo company have the details to locate it.
How do they find out where to locate your car if they want to reposses it?
Investigation. They have your home address, they'll get your work address from the finance company. If you have hardware such a Lojack or Onstar, they'll locate it that way - the companies will comply with the request from the creditor, as the creditor is the rightful owner of the vehicle.
What will the finance company do if they cannot locate THE car?
It will go on your credit,
Install lojack?
form_title=Install lojack form_header=Help keep your car securing by having a lojack installed. How old is the car that you want lojack for?=_ What kind of car insurance do you currently have?=_ Does your car have an anti theft system in addition to the lojack?=_
Can a finance company report your car as stolen?
Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.
Can on star or lojack be used to track a car that's wanted by a lender for reposession?
Yes, it is a sneaky way they have learned to use to their advantage, it's easier for them to locate for recovery.
How do you find out if the owner still owe a finance company on the car you are buying?
how do you find out if the owner still owe a finance company on the car you are buying?
Who get the money if the car is totaled and the car is on chapter13?
The insurance company will pay the finance company not you.
Repair Lojack?
form_title=Repair Lojack form_header=Keep your security system properly running to ensure it's safety. Has your car recently been in an accident?= () Yes () No Is this a classic car or a modern car?= () Classic () Modern What kind of car insurance do you currently have?=_ Describe the problems with the lojack system:=_
When your car gets towed and you have it finance but have no insurance or DL. can the finance company pick up the car for you?
ABSOLUTELY.
Is it procedure to have to fill out a new credit application with your current finance company to get the car out of repossession in VA?
It may be a result of the repo with the lender you deal with. It usually happens after you were hard to locate when in default and/or they had to search for the car.
Does it take long to finance a car?
It should not take very long to finance a car, depending on the car's model, condition, etc and also the finance company you are financing the car from.
