Why not just make the payments and avoid to whole thing? He will take the car based on more than just the vin#.
Perhaps, it depends on the repo company's policy.
Yes they can take the car were they need for safe storage. Just FYI if the repo company has the car it's no longer yours.
Yes, a repo is a repo whether you give it up or they take it.
An unlawful repo is a theft. Hence it would be handled as such. But most repo companies have the documentation to show they have the right, whether you feel so or not, to take possession of the vehicle. In fact, in most jurisdicitions they advise the police of it before, or right after, attempting the repo. What good would an unlawful repo do someone...they couldn't get title?
Usually, your CR isn't great before you take an "upside down" loan. But, YES, it hurts your CR. A repo ia a repo is a repo on any CR.
Wait!! Until you have fully paid for an item, it is not yours. If you have stopped paying for your stuff before the agreement is over, the company can come and take it back. And, they do not need to negotiate further with you for its return.
A long time if you hide it well!
They repo your car and sell it at auction or sometimes to a good buddy. What they sell it for is deducted from your debt but they add back the cost of the repo and selling at auction. Now - If they think the amount still owed is worth going after you and your assets -then they can go to court for a judgement. If you can't hang on to it ask them to take it back before they spend the money to repo it.
Yes, until the repo order is canceled by the owner.
I would think so, but you need to talk to the people who hold your note.
Thats pretty much what you need to do, If you have pictures of your car at the beach it'd help you out alot! You need to take care of everything with the bank, than go after the repo company
IF it was the 1st repo on this loan, you should be able to call the LENDER and find out what it will take to redeem the car.