Repossession

the person making the payments is actually buying the car. it is illogical that a cosigner could claim any ownership rights, having paid nothing. the person having made the payments is the owner It depends on the title. If it is only your name then it is your's. If it is both names, then it belongs to both of you regardless of who pays.

NO. Cosigning means the person is promising to be responsible for the debt if the primary borrower defaults.

The co-signor might be doing you a favor and might not be. Just tell the lender what you want to do. IF youur credit is good enough, they will take care of the paperwork.

He will be the first to be sued. You will be next. Make sure the lender knows where he is working and living.

Well, if you take possession of the car, you cant be charged with stealing your own car so, a civil suit would be the next choice.

Anyone who meets the lenders qualifications.

TITLE STATE: Yes. SECURITY INTERESTS: Shown on title, held by first lien holder. LICENSE REGISTRATION: Delaware Division of Motor Vehicles, Administration Office. Post Office Box 698, Dover, Delaware 19903. Tel: (302)739-2500. RECOVERY REQUIREMENT: As per UCC, repossession allowed without committing a breach of the peace. DOCUMENTS REQUIRED FOR LIQUIDATION: Title. Repossession Affidavit(MV-195), copy of contract. PLATES: Remain with the vehicle http://www.delcode.state.de.us/title10/c095/sc04/index.htm

You have to let people who have skips know about you. You will want to more than likely build an in-house list of your target market. Building your own list might be a big task so a good route would be too rent a list from a broker. Your target market will vary depending on skip trace niche. If you skip trace bail jumpers you will want to compile a list of bail bondsmen, lawyers, even private detectives. Divorced couples, you would compile a list of lawyers for contact.

First you must realize what your niche is and analyze potential clients that would fit that particular background for your services.

An effective way to contact your list would be to first send a sales letter to your potential clients. You will want to either hire a printer for this task or use your own printer. Physical elements of the letter should have nice non glossy paper. To ensure your letter is opened up it is best you use a handwriting font for your envelopes. Do not use labels. Labels give less urgency to the viewer of the mailer and the chances of your letter going into the trash before it is ever read increases. Personal looking letters always get the first look, yes, even in business. Return address can be normal font.

Follow up all your mailings with a phone call reexplaining objectives and goals you plan to provide to the company. It will for the most part convey the same information as your mailer, but provide a second and more memorable contact that will reinforce your marketing message.

Another way to gather customers is to hold a free seminar at a local public building explaining how to retain on skips and how your organization helps theirs. Many local newspapers will list a free seminar for free in their paper.

These suggestions are just a few of many options to gather additional skip clients.

I was told (when it came time to pay property tax), that you may have a car with no or expired tags, inspection sticker, insurance, and/or city sticker, BUT that you may still be charged property tax on the vehicle. There may also be local ordinances restricting where the car may be legally parked. With the car I had (as described above), I was not required to pay property tax due to the age/excessive mileage of the vehicle.

All driver of a motor vehicle on public roads must carry proof of Financial Responsibility at all times. There is no exception for a newly acquired vehicle.

Check your policy. it will state it there. It differs from Co to Co.

It depends on the policy you have and the dealer you get it from. If your current insurance covers everything you drive, its covered. But if not, than the dealer may offer a 48 hour binder to cover you till you can get to your insurance company.

You can have it insured in your name, You can have it titled in your name as lienholder and have it registered to another party

Yes, if your daughter is on the policy, either disclosed as a driver away at school in another state or she is on the policy and is just travelling to that other state and will be there no longer than 5 days in most cases.

The issue with being sued is an important one. It is very important that you have the highest liability amount, especially when you have youthful drivers.

If you are worried about your liability, I would suggest purchasing an additional Umbrella liability policy. It's a small cost per year for an additional $1,000,000 of liability protection. This will protect all of your assets in the event of a law suit. If you would like, I could get you some quotations for auto and umbrella protection. Just send me an email.

Provided she's not on specifically listed on the policy, and is under 26 years old yes you can and if they win the case, the constable will boot all doors as the estate is awarded to them. Any time someone drives under 26 they must be specifically listed on United States Insurance policies or the company can deny the claim or only cover her to a certain point.

Really the only way I see it is to get someone to insure the car in their name. Put you on the paper work as the owner but, you will be excluded from being a driver because, you have no license unless you want to take that chance and drive anyway.

As the cosigner has a financial interest in the property, meaning if something happens to the vehicle he can be made to pay "All" the bills, Then he should certainly be insured on the policy for any loss regardless of whether he is driving it.

A cosigner is jointly and severally liable to the lien-holder for the full amount of the note and is probably required to be insured under the finance contract anyway. The cosigner if unlicensed and does not drive should at the very least be listed as a holder of interest in the lien-holder section so that they will receive notification from the insurer should the primary have any lapse in coverage.

The primary driver should also pay any additional premium required to insure the cosigners interest. After all, he was kind enough to co-sign so you could buy the car, the least you can do is make sure he doesn't wind up in the poor house should something happen to it.

Should the primary Driver / borrower refuse to insure the cosigners interest, it would probably be prudent for the co-signer to take legal recourse against the primary borrower before a loss occurs.

No. At 16, you're still considered a juvenile in the eyes of the law. As such, you can't enter into a legally binding contract, which is what an insurance policy would be in effect.

Not to mention that a 16 year old would pay an outrageous amount of money for insurance, as that bracket is the highest risk.

You can, although most insurance companies will not. if they do you will be paying stupid amounts of money for 3rd party only . On my 16th birthday i got insured on my 1.3L VW polo on my own, my parents didnt even know. Though it did cost me £1459, for 3rd party only, rightly so as a crashed 3 days after passing my test haha. didnt beat my brothers record of 2 hours though. I personly don't think 16 year old males should be allowed on public roads =p

544. "Total loss salvage vehicle" means either of the following: (a) A vehicle, other than a nonrepairable vehicle, of a type subject to registration that has been wrecked, destroyed, or damaged, to the extent that the owner, leasing company, financial institution, or the insurance company that insured or is responsible for repair of the vehicle, considers it uneconomical to repair the vehicle and because of this, the vehicle is not repaired by or for the person who owned the vehicle at the time of the event resulting in damage. (b) A vehicle that was determined to be uneconomical to repair, for which a total loss payment has been made by an insurer, whether or not the vehicle is subsequently repaired, if prior to or upon making the payment to the claimant, the insurer obtains the agreement of the claimant to the amount of the total loss settlement, and informs the client that, pursuant to subdivision (a) or (b) of Section 11515, the total loss settlement must be reported to the Department of Motor Vehicles, which will issue a salvage certificate for the vehicle.

More than likely, yes. The car was the responsibility of the person driving it at the time of damage, regardless of the circumstances.

You are NOT liable for any part of the damage (including deductible) as long as you are driving with your friend's permission.

No, you are not responsible for the damage.

Yes. Even though it was an accident that caused an accident, the owner of the truck is responsible for any damges.

no one knows

If the car is not driveable (for example, up on blocks), you can generally suspend the insurance until it is roadworthy. However, state law may differ on this point, so you need to contact the division of motor vehicles in your state to confirm. You will want to ask about "financial responsibility" requirements on this issue.

If the car is financed, the lender may require that physical damage insurance be maintained. That is a contractual matter and you would be required to maintain the insurance even if the car was not operable.