Repossession

Answering "How many times can you be late for a car payment before it is reposessed?"

by law they can repossess your car when your 1 day late- there is no law against that! However, your best option, would be to contact CAR HELP USA. They stop repossession, get your payments up to date, lower interest rates, lower your monthly auto bill, help with repossession, and so on. They helped me get a car back from repossession in the past! Do something before the problem just gets worse.

The top speed of the 2012 Mitsubishi i MiEV is 71.1 mph. It achieves Zero to 60 mph in 13.4 seconds.

not so much percentage, more along of how much it means to you to get rid of or get that certain thing. Also how much you can afford, value of the item (sentimental or cash) also plays a part obviously.

Business licenses/certificates which can be issued by state, county and municipal (city) authorities. The ability to get a duplicate will depend on the policies of the issuing authority. The steps in procuring duplicates will involve contacting the issuing authority if they will allow it, presenting the appropriate credentials to verify being the holder, and the any additional administrative fees.

You don't. Stop being a snitch and mind your own business. You don't. Stop being a snitch and mind your own business.

It means thousand. $75K means $75,000. It came from kilo. Kilo means thousand.

maybe it depends on who you are working for.

The next time you pull up to a traffic signal, look for a square shape cut into the asphalt and a line leading off of the road towards the direcion of the traffic signal control box. This is a stainless steel or aluminum box mounted on a pole near the intersection. There is a wire buried in the asphalt that senses the magnetic field of the vehicle and tells the lights when to change. In older parts of cities there is an inverted bar buried in the asphalt or concrete that is shaped live an inverted V. When the car rolls over this, it sends a signal to the same type of box. There were used in the 40's and 50's to make the lights change. Just knowing this little fact, the next time you pull up to a light trying to make a left turn, park on top of this square and it will give you the left turn arrow almost every time.

If by "pay the balance owed" you mean "pay off the debt completely" then no, they cannot.

If you just mean "make up all the missed payments," it's murkier. You should contact the finance company immediately, because generally they don't really want the car, they want the money, and if they think they can get it without taking the car, they'll jump at the chance since it's a lot less hassle than going through the whole reposession process.

well, the first automobiles were out in the late 1800's. One of the first automobiles made was the mercedes-benz patty wagon with a 1hp motor reaching only 16km/hr( yes believe it or not mercedes-benz were out in the 1800's ).

The State is irrelevant. These are Federal Laws as the 1099 is a Federal form. Generally, $600 is the threshold that requires a 1099 to be filed. However, if your an employee or there is withholding, etc., any amount is enough.

Question: I am behind on my car payments. The bank hasn't sent me any delinquent notices so could the "repo man" come and take my car away without my permission? Answer: Yes! In many states, if you are behind in your car payments, the lender can "repossess" your car without warning. The lender (or, more likely, the repossession company that the lender hires) can hotwire your car or use a duplicate key and drive it away from any location. The only limitation is that they can't illegally enter your locked home or garage. Don't wait around for repo man to find your car. Instead, take action. First, determine whether your inability to pay your car note is temporary or long-term. If it's temporary, immediately contact your lender, explain your situation, and try to work out a short-term solution (maybe adding the missed payment to the end of the loan term). Or, borrow money from friends or family to get current on your car loan. If your situation will be long-term, you should still contact your lender and try to buy some time. Then, sell the car yourself and use the proceeds to pay off your car loan. If you let the lender repossess the car, it will sell the car to cover what you owe on the loan and also charge you fees for repossession, sales costs, and the like. And if the sales price is less than what you owe (including all the extra fees), you will still owe the lender money even though you no longer have a car to show for it. It's far better to sell the car yourself -- you'll get a better price, won't be charged extra repossession and sales fees, and may even have some money left over after you pay off the loan. You need knowledge in dealing with creditors as Phil Turner's Credit Bible notes. Staying in front of your problem is best.

The lienholder is generally not required to return the car unless the loan is entirely paid off. They may choose to do so upon receipt of back payments and reposession fees (or any other arrangment they negotiate with you), but that's up to them. If you have a history of sending bad checks, it's reasonable for them to insist on waiting until the checks clear your bank, normally a week or so.

Not likely. There is usually a clause that the car has to be paid for by a certain date and bank delays mean nothing.

No. 18% is very low. Most companies will want to make 35 - 50% Gross Profit on parts and 65 - 80% on labor. So you would charge $100 for a part which costs $60; and charge $100 for an hour's labor when you pay the employee $25/hr. Even a law firm or accounting firm will mark up labor by more than 18%, although their gross profit on labor (hours) will not be as high as other industries.

To the bank

Nope.

Legally it is the owner. Morally it would be whoever caused it to be impounded in the first place.

That's not a question. Please try asking a question. Details like where you live might be helpful.

While this depends upon your leasing agreement, most are fairly standard. As you were probably required to provide insurance in order to lease, contact your insurance company first. Then inform the leasing agent as they may also have insurance to cover their portion of the loss as well. Both of them will need your insurance information, the details of the crime and a copy of the police report. Depending upon the type of insurance you have, you may be allowed a rental car dividend, but make sure you read the fine print concerning disbursements, monetary and time limits for it or you may be paying out of pocket. Check with your lease agreement to see if there is any provision in there for theft, again looking for details about time and money limits. One other consideration is the amount of time left on your lease. If you have any concerns about the information you are getting from the leasing agent, contact a lawyer.

It is a good idea to get your car registration renewed, it is against the law in most states to drive a vehicle with an expired registration, you are likely to get a ticket if caught on the road.

Technically they can repo your car after 30 days. Depending on the finance company

Take the Title for the car along with the documentation showing you as the inherited owner to your local Motor Vehicle office and explain the situation. They will be able to help you do this.

I believe all they can do is fine you for not having insurance