Repossession

The legal remedy for vehicle repossession is covered by UCC laws. Regardless of where the lender is located the car can be repossessed under the laws of the state where it was purchased or where it is now located, whichever means is most advantageous to the lender.

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The executor of the estate informs the lien holder. The vehicle is then either paid off by the estate, or the vehicle is sold. In some cases, they executor may turn the vehicle over to the bank or loan holder.

i just recently started a repossession business in Missouri and it is tough. i am 21 years old and trying to get people to see past the stereotype is hard enough but here is what i have found. i already owned a tow company and have seven trucks two of which are pick-ups with sneeker lifts. i just got insurance to meet state requirements and alittle extra to beat the competition. keep the overhead low use older looking equipment and keep it in tiptop shape mechanically and if it doesnt look good consider driving something that looks respectable to meetings and contacts with clients. you have to face the facts have you seen very many repo companys that look professional. most of the ones in my area are dirtbags with no insurance or standard auto insurance on a pick up with a folding swing set in the bed,14 warrants and no front teeth doing reposessions for $100. set prices at a fair price (not high just average) sell your business with superior service and excellent turnaround times not at a streetcorner price good luck. start with a few title loan companies they are excellent for learning and good volume.

if you are asking about the limit a creditor can put on a garnishment, it is a percentage, depending on the state you live in, not the state the creditor is in po rnhub.com FU CKKK YAA

They don't sell cars to "couples" they sell cars to individuals. If there is one name on the contract, and that name has a signature, then the car is sold. They don't care if your spouse is in agreement. The spouse is not a factor in the contract.

Yes, this is true provided that your spouses name is not on the sales contract.

If you spouse is on the sales contract then it is not completed until he/she signs.

-Edward

Yes. The charge might be grand larceny depending upon the value of the vehicle, amount received for the parts and other extenuating circumstances.

You can have the person pay directly to you and you in turn ensure the payment is made on time. Most byers will not like that idea out of fear you will steal the money by not paying the loan and in turn having the car repossessed. You can call the lending institution holding the current loan and explain to them what you want to do. They will handle the transaction as a new loan to the buyer; and only if the person is credit worthy, otherwise they will deny your request. The "correct" way to do this kind of transaction is to advertise "Take over the payments" but require that the buyer takes out a new loan; By doing so you ensure that your loan is paid off (no chance of damage to your credit), you do not have the "headache" of not knowing if the buyer will be diligent in paying "your loan".

In certain countries (like South Africa), it is illegal to take over car payments, and the bank may institute legal action against the seller. Even though this is the case, there are a lot of fraudsters advertising this service, and claiming to have a "loop-hole" in the National Credit Act, by renting your vehicle to the purchaser, for the amount of the payment, and then selling after final payment, for a small payment. This is still illegal! These fraudsters know the law, and, unfortunately, no-one can do anything against them. They often just pay the first payment, and then do not continue. Upon enquiry, you may find that their address is fake, and their phone numbers are no longer connected. The car is gone, and you end up with the debt. The police can't do anything against them, and a recent enquiry with a Superintendent at the Vereeniging Police Station, assured us that there is no way that these criminals can be caught, as you knowingly "gave" the car over to them. You are the only one in trouble. (Legal action from the bank). The contract signed, is illegal from the start, which makes you unable to institute any action against these so-called "brokers". I am talking out of experience, as I sold 2 vehicles this way, at the same time. Both vehicles are now gone - but I still sit with the debt, and still need to pay the monthly installments on the vehicles. The insurance also won't pay out, as you "knowingly" gave your car up. I would definitely warn anybody deciding to take this step, to rather do your research first.

If the gross vehicle weight rating of the vehicle or combination is over 26,000 lbs, and the vehicle isn't exempted from CDL requirements (farm use vehicle, fire fighting apparatus, recreational vehicle, etc) then yes.

"How do you find out if you are responsible ..... but you co signed on it."" You co-signed, you are responsible. What do you think "co-signing" is for? Call a local attorney.

A co-owned vehicle can be taken into possession by either owner at anytime they wish...If the co-owner has a key to the vehicle then they can legally get in and drive the vehicle...If the co-owner does not have a key then they must have a copy of the certificate of title,the registration or other proof of ownership and then the vehicle can be towed.

Also if the vehicle was manufactured in the last 12 years and the co-owner does not have a key they can take the proof of ownership to a local dealership and request a copy of that vehicles original key,then go and take possession of the vehicle.

No, you can't.

I am a Hybrid technician, so I guess I can offer some input here. The question is a little strange to me, because most people ask the opposite, How is a Hybrid better than a regular car? Anyway, there are some issues to owning a hybrid that must be taken into consideration. Right now the cost of a hybrid is prohibitive. There was a study done recently by a consumer group, that calculated that in order for the hybrid to economically be feasible, gas would need to reach close to $9/gal. I don't know if that's true, but hybrids generally are more expensive than the same car in the regular gas model. Another issue is serviceability. Some shops are even afraid to change the oil on a hybrid, and honestly some shops shouldn't. While the gasoline engine part of a hybrid is the same as always, the electrical is completely different, with some areas containing voltages in the range of as much as 500 volts! Interestingly, the transmission is also part of the hybrid system, and contains high voltage. These high voltages are also a concern of rescue workers in the event of an accident. They are concerned about cutting open a vehicle to save someone, if there is a danger that the rescuer may be electrocuted. Another factor to consider is that once a hybrid is out of warranty, what will it cost to repair it? The high voltage battery, located in the rear, on a hybrid can cost over $1000.00, and requires a fork lift to remove and install. So I guess the four main areas of concern surrounding a hybrid is the initial cost, serviceability, and safety in the event of an accident, and cost of repair.

The finance institution will decide if the new co-signer qualifies or not.

No, Cuba does have a few social programs that eat up funding, such as free health care and education.

YES! They took my friends car ans they can take you to court.

Yes, but typically the loan "originator" remains responsible unless the actual loan is transfered to the new purchaser. Letting someone "take over payments" on your loan is a very bad idea. If there should be an accident, the title is still in the sellers name and they remain ultimately responsible. I have had parents pay cash for a car for their kids and place themselves as the lienholder. Legally they can't be sued if there is an accident and the kids can't sell the car without the parents signing over the title.

Buy one.

u can either take the muffler off the cat or enclose the cat in a 6 inch box, other wise u can fuse 2 cats together although it costs a bomb 2 do. try cleaning the cat with some bicarb and a bottle brush. this should give it that extra sound cos there's no dirt to absorb the sound and if you want you could take off the exhaust pipe to make it insanely loud or use a hot dog exhaust to make it louder

You need to make those arrangements with whomever "financed" the car for you. If you got dealer financing, then yes ... if not, then dropping it off at the dealer will do you no good and is considered "vehicle abandonment".

There is a good chance that whatever monies you have paid will NOT be returned, as you did get the use of the vehicle for a certain period of time. There could also be a "cancellation fee" as part of the original financing contract. Read all the fine print.

The other caveat that may come into play here is vehicle value. If you bought the car brand new, and now are returning it because of inability to make the payments, you might be "upside down" in car value compared to what is owed ... in other words, what you still owe on the car may be more than the cars current value, as now it is a "used" car and subject to the fair "trade in" value at the dealer. It may be that any difference between what is owed and the current car value may still have to be paid when you relinquish the car. For example, say the car current value is $5,000 and your loan is for $7,000 (as it was at the origination of the loan), you may have to make up the difference ($2,000) in order to just "get rid" of the car. You may be better off keeping it for a few years and doing whatever is necessary (2nd, 3rd jobs for instance) to make the payments every month. A car is the worst investment anybody can make ... when new, the depreciation is very drastic, sometimes dropping a third in value just driving it off the new car lot and once around the block, as now it is no longer "new" but now "used".

It will be in three places. The easiest one is located on the drivers door frame one you open the door my the door latch. the other one it at the bottom of your windshield in front of the driver ( its a little hard to read but its guaranteed to be there)

Explain it in the sense of telling someone at their front door what you are doing or explain it in the sense of what causes it and is it legal and why can it be done?

i put up posters to show people that i was avalible but onli in that area me and ma mates also put filers tho peoples doors try that:)

Trading in a car does not affect your credit unless you sign a new car loan and get a new car. This may negatively or positively effect your credit.