Absolutely. If they have your car, no legal documents to prove they own it (since they don't own it), and refuse to return it, it's a stolen car, and can be reported as such, but tell the police the truth, that you lent out the car for payments, and they didn't pay. They may or may not help, but if you lie, you can be prosecuted for lying.
However, since your name is on the contract, you are obligated to continue making the payments. If the person driving the car has an insurance card and the keys and everything else, the officer may make a judgment call as to whether or not to arrest the person. But if it's reported stolen, you'll most likely get your car back.
If you're making payments you signed a contract. When you return your car you've broken your contract. Yes there is consequences when you break a contract.
READ your CONTRACT. Its that simple. If you are in DEFAULT of the contract, they can repo the collateral.
depends on contract, if your up to date on payments they usually wont. if you pay in full at time of purchase it wont be a problem
They can only LEGALLY repo your car IF you are in DEFAULT of the contract. That could be no payments, no insurance, using the car for an illegal purpose, ect. Is there any requirements in your contract that you may have not met? If you are NOT in default of the contract, call an attorney NOW. Good Luck
Technically you breached the contract with the lender if you did not make payments in 6 months. They actually have the right to NOT accept further payments from you. So yes, it can still be repossessed.
Cosigning for ANYONE is one big mistake. If the person you cosign for is not making the payments then the person that cosigned is responsible for all payments. I have no idea why anyone would want to do this. Unless there were stipulations in the contract you signed with the buyer, then no, they can't just up and sell the car. Take another look at your contract. Marcy
yes you do unless you dont want it anymore.
A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.
Crude oil
You are responsible for the debt you incurred. It is one of the reasons insurance is a good thing to have.
If you have a signed and notarized contract with him for the purchase of land, call it "parcel A", he cannot then go and sell "parcel A". Unless you have violated any of the sections of the contract, for instance, with a late or missed payment. And if you did, the contract would not necessarily have to say that it would void the contract, that could be taken as a given. (You'd need an attorney to know for sure on that last point.) You need to take your contract, and record of payments, into an attorney in your area and learn of what you can do. Meanwhile, keep making the payments, and do not be in breach of any section of that contract.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.