Repossession

No , Not without a written and sworn Warrant from a Federal Judge.

if you do not pay them for the services that they render to you when you call they can take it to the tow lot. then if you still do not pay, they can put a lien against you car and auction or sell it for the loss

The first car to move under its own power was designed by Nicholas Joseph Cugnot.

In 1769, the very first self-propelled road vehicle was a military tractor invented by French engineer and mechanic, Nicolas Joseph Cugnot (1725 - 1804). Cugnot used a steam engine to power his vehicle, built under his instructions at the Paris Arsenal by mechanic Brezin. It was used by the French Army to haul artillery at a whopping speed of 2 1/2 mph on only three wheels. The vehicle had to stop every ten to fifteen minutes to build up steam power. The steam engine and boiler were separate from the rest of the vehicle and placed in the front (see engraving above). The following year (1770), Cugnot built a steam-powered tricycle that carried four passengers. Nicholas also created the corvette Z06.

Instruction Permit:

Minimum Age-15

Provisional License:

Age-Under 18

CLASSIFIED DRIVER LICENSE:

1. Class A

Minimum Age- 18 (17 with completion of an approved driver education course including classroom and practical training or approval of minor's hardship application.)

2.Class B

Minimum Age- 18 (17 with completion of an approved driver education course including classroom and practical training or approval of a minor's hardship application.

3.Class C

Minimum Age-18 (16 with completion of an approved course of driver education including classroom and practical training, or 15 with approval of minor's hardship application.

4. Class M

Minimum Age-

Motorcycle- 18, (16 with completion of an approved course of driver education (32 hours classroom and the 16-hour Department-approved Basic Motorcycle Operator Training Course))

Moped- 15

Motor-driven cycle of 250cc or less

15 with Department approval for minor's hardship license

15 with completion of an approved course of driver education (32 hours classroom and the 16-hour Department-approved Basic Motorcycle Operator Training Course)

COMMERCIAL DRIVER LICENSE

1.Class A

minimum age-21 (interstate commerce driving) or 18 (intrastate driving)

2. Class B

minimum age- (same as Class A)

3. Class C

minimum age- (same as Class A)

p. 1-2 - p. 1-6 in Texas Driver's Handbook

Yes. Most lenders will auction a repossessed car and sue the person who financed the car for any balance or fees still owed.

its where you knock on someones door and run and get a follew off them

Yes. But repossesion is very complicated, I'm pretty sure you have to have a licence.

obama did it!!!!!!!!!!!

Trade Discount

pmt.

0.36 percent of cars purchased by owners acquiring loans are repossessed in a quarter in the New York. Repossession occurs as a result of failure of stressed borrowers to come to an agreement with their debtors.

When a customer is unable to pay of the auto loan the lender will repo the car, sell it, and charge off the remaining amount due to the customer. The exact amount charged off may vary depending on the lender.

In the case of a repossession, unless it is a Bankruptcy, the remaining balance is DUE BY THE CUSTOMER.

It is important to note, in the case of a bankruptcy, any money that is discharged through the bankruptcy can, at anytime, actually be paid back to the creditor and that negative report will be taken off of your credit report. If someone finally gets into the position that they can actually pay a debt off, it is better to do so.

Hello Fellow New Yorker.

You DO NOT need A repo license here in new york. But if you are using a Tow Truck, Make sure it's DCA approved , & you Have A DCA tow license as well as a Non-CDL C driver's license with the tow endorsement .

Good Luck .

Nope.

There are no Statue of limitations on repossession orders given to repo companies. Payments to the finance company can be squashed easily as going into bankruptcy!

*engagement *descent *flexion *internal rotation *extension *external rotation *expulsion

When you fall behind on your car payments the bank will put out a repo notice, you then have so many days to contact the bank and either make payment arrangements with them to pay back the money you owe, or to pay off your loan in full.

If you do not contact the bank, or if it's already been a while since they repo'd your car, what happens next is the bank sends your car to an auction.

They will then auction your car, and for example say they get $10,000 in the auction, but you still owe $15,000 on your loan... the amount that you will still owe the bank would then be $5,000 plus the fee for the auction, the fee for the towing company who picked up your car and any storage fees, plus the money you defaulted on in the first place... for example 3 months of car payments that you were behind.

They will send you out a notice to your last known address telling you how much you owe, how much they got in the auction, the balance after the auction, and then the fees I mentioned added on top of this.

You will have so many days to pay them this amount, if you don't they will put this onto your credit report and in some cases they will take you to court to sue you for the balance remaining.

The judge will then order you to pay the money, or to make payments, if you still don't comply you could then be found in contempt of court and face additional fines and even jail time.

It will now be very difficult for you to get another car loan from anywhere for the next 7 to 10 years since they will see your repo as soon as they run your credit report and with the way our economy is these days, there will not be a bank willing to put their money up on a loan to someone with a bad record of not paying back what they borrowed in the past since no bank will want to take the chance on losing their money too.

NJ

Yes, a repo man can drive by a house in an undercover car. They employ various means to see where people are hiding their cars and are usually allowed to take them unless they are in a private garage.

cannoli imformation

yes weekends and holidays morning or night

Department of Motor Vehicles.

425.00

If the insurance company does not pay the bill, yes, you are still responsible.