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Is it illegal to take a financed vehicle in the state of Texas out of state to begin a permanent residency What can happen if this occurs?
In Texas, taking a financed vehicle out of state for permanent residency is generally not illegal; however, it can violate the terms of your financing agreement. If the lender has specific restrictions about taking the vehicle out of state, they may consider it a breach of contract. This could lead to repercussions such as repossession of the vehicle or negative impacts on your credit score. It's advisable to review your financing agreement and possibly consult with the lender before making such a move.
What else can I help you with?
Is it illegal to use a financed vehicle as collateral on a loan?
It is not illegal to use a financed vehicle as collateral for another loan, but it's important to check your financing agreement to ensure there are no restrictions. Additionally, defaulting on the new loan could put your vehicle at risk of repossession by the lender.
Is it illegal for a finance company to use a financed vechicle as collateral?
you cannot use it as collateral because you need to hold title of the vehicle however in this case the finance company has the ownership of the vehicle not you.............
What is the difference in insurance if your vehicle is financed?
No, there is no extra charges on an insurance policy for a financed vehicle. Only difference will arise in the paper works, and it will mention that the vehicle is hypothecated.
Does Buell require insurance if the bike is financed?
Any lender requires insurance if the vehicle is financed.
Can a rebuilt vehicle be financed?
Legally? Yes.
How can you get a vehicle financed if you have no credit?
put sugar in the gas tank
Delaer can't get vehicle financed after 10 days of signing contract?
What is a Delaer?
Is it illegal to have two insurance policies on the same vehicle?
It isn't illegal to have two policies on the same vehicle, however it is illegal to try to claim twice for the same vehicle and the same incident.
How does repo of a leased vehicle differ from repo of a financed vehicle?
NO, a lease is simply a contract like a loan. DEFAULT of either calls for repossession.
Does a finance company who has repossessed your vehicle have any rights to your new car that is financed by another lender?
No
Is it illegal to hit a mailbox with a vehicle?
Yes, it is illegal to hit a mailbox with a vehicle as it is considered vandalism and destruction of property.
Is a co-signer on a new vehicle that is being financed able to insure and register that vehicle alone?
Insure?? yes, register? NOT unless your name is on the TITLE.
