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Repossession

Seizure of property bought on credit for which loan payments are not being received. Please note that when asking a car repossession question, it is often useful to include the state that you live in. This will enable people to give you better answers.

11,694 Questions

If you purchase a car for someone then they refuse to enter a lien release agreement what are your options if they fail to pay?

best time to think of this is BEFORE the car is purchased and before they drive away. Get a lien on the car somehow. get a key made to it after you get the lien on it. Email me if its not to late and they have the car already.

How far behind do your car payments have to be before it can be repossessed in the state of Virginia?

In Virginia, the law states a lender must submit notice in writing at least 10 days before a car is to be repossessed. Therefore, car payments that are late can be subject to repossession at anytime, provided notice has been given.

In Texas is there a time limit on when the repo car can be sold?

Essentially, any time after it leaves your driveway. Many vehicles in Texas are repossessed as the result of defaulted title loans. It is common practice for these companies to direct drop vehicles for immediate sales at auctions around the state. The repossession drivers who are not able to get you to exchange your keys for your personal property left in the car, may first take it to the storage lot of the agency to inventory your stuff. But, assume that once the vehicle is towed off, it is gone.

How do you make money with 24 foot box truck non cdl in Ohio?

You could start a courier business, you could offer moving services, you could use it for the needs of an existing company, you could get a Class C CDL and Hazmat endorsement and do hazardous spill cleanup, you could run it as an expediter with a company such as Panther II, Tri-State, FedEx Custom Critical.... but, to be honest, if you have this thing, and really don't know what to do with it, your best option may be simply to sell it.

Is it possible to sell a motorcycle that you owe money on Is there any way to simply sell the bike for it's current value and still retain the extra debt owed to the dealer?

If you owe money on the motorcycle then the lender has a lien on the vehicle. You cannot sell it without the permission of the lien holder. You need to contact the dealer holding the loan and see if they can help you.

What year did car companies not make cars in the 1940s?

Cars for civilian use weren't produced in 1943 and 1944 because all manufacturing facilities were converted to making military equipment.

Can you let a car be repossessed with scratches on it?

A car can still be repossessed if it has scratches or some slight damage. The current value of the car is normally used when netting off the debts.

Why would you get letters from a lawyer about a judgment 8 years after your car was repossessed?

Most likely, the LENDER got a judgement for the balance due on the car loan about 6 years ago. They have likely sold the judgement to an attorney who will collect on the judgement.

If co-buyer has possession of a vehicle and has all financial resposibilities who is entitled to the vehicle buyer or co-buyer?

both buyer and co buyer --- Typically, in disputes like this, possession is factored into the legal decision. It is likely whoever has possession at the time of court findings will prevail.

Can you return a used car to the dealership if they are in breach of contract?

This really depends on "which" contract they are in breach of. The bank contract is tied to the sales contract, different conclusions and responsibilities, but both will have separate and equal rights, seller and customer. Your question is way too vauge to respond with exact conclusions.

If someone owns two homes one he lives in and the other you are paying for and living in and he files bankruptcy will it affect your home or can he reaffirm both homes and just file on his other debts?

This depends on the laws governing bankruptcy in your state. Whether or not you can use both state and federal exemptions and several other factors. Usually a trustee will only allow the home that is the primary residence of the filer to be used as an exemption and/or reaffirmed. This means the home you occupy would be included in your father's assets and would be sold. In order to protect your home it would have to be titled in your and your wife's name. Which may or may not save it, as there is a bankruptcy law called "fradulent conveyance". It is quite complicated, and I would advise you seek the counsel of a good bankruptcy lawyer.

When is the best time to by a car from Nissian Dealership?

From any dealership really, the last week of the month. You see, the dealerships have quotas they need to reach for each month - if they're seriously behind in sales for the month, they're going to be more willing to work with you for your business. Also, do your homework. If you're shopping around, get quotes in writing. This makes the best offer at another dealership a solid starting block for the next dealership. Often, if you can't negoitate price, negotiate your financing rate, add-ons (6-disc CD changer, navigation, rims etc.) MAKE SURE TO BRING YOUR WRITTEN QUOTES WITH YOU!! Have a blast buying your new car!

When a bankruptcy case is dismissed for missed payments what happens to the money already paid into the plans?

If the court has already confirmed the chapter 13 plan then the money already paid is distributed to the creditors. Basically, since the case was not discharged, you still owe the debt, so you made payments towards the debt while in bankruptcy. If the plan was not yet confirmed by the court, the money is returned to the debtor by the trustee save for a small amount for the trustee's expenses (trustee would ask for this in his motion to dismiss). Money would not be distributed to creditors by the trustee until after the proposed chapter 13 plan is confirmed.

How much should it cost to rebuild 2005 a Pontiac Sunfire engine?

depends who is rebuilding it. If you are and know what your doing then not that much. If you buy a rebuilt engine it will run you about 2000-3000. Then you need to have someone install it.

If you have to pay for damages on another persons car and you don't have the amount requested what do you do?

First, negotiate the amount down. Then try to pay it in installments. The other person probably got an estimate from a friendly body shop person who might have given an estimate on the high side. There is no such thing as a perfect estimate. They all have ranges and theirs is probably high. Negotiate by getting your own estimate, although this will cost you. You will probably get a lower estimate. Offer to pay this amount only or let them take you to court. Going to court will take time and maybe money if they have to hire a lawyer so they might think it better to take the smaller amount now rather than go through a costly time-consuming lawsuit, where they might lose anyway. If it came to a trial the judge would most likely try to convince both sides to settle the case and meet halfway anyway. So, why not do it now rather than months later. Plus, it's very likel;y that the car will be fixed for that lower amount anyway. Another way to get to a lower amount is to tell them that you can't pay it all right away and if they want the money, they will have to sue you, get a judgment and garnish your salary or levy on assets, (which you don't have anyway if you can't pay the amount in full. People understand that they can't always get what they want even if they are entitled to it. You may be completely liable for all the damage but if you can't pay then you can't pay. They have to face reality. If you can't pay the amount they want or even a lesser amount in full right away offer to make monthly payments toward the lower amount. Remember, always get their initial amount down before you start talking payments. Knowing how these things with estimates work, I would bet that they can get their car fixed for that lower amount. Remember also that even though the damage may be your fault, the amount of money to fix the car is probably not the amount they say it is, even if they have an estimate.

How do you evaluate fair market value of an used car?

== == www.edmunds.com - Edmunds.com provides True Market ValueSM pricing, unbiased car reviews, ratings, and expert advice to help you get a fair deal Nada.com

Kbb.com

Autotrader.com Answer You can make use of different cars classifieds online to compare used car values and pricing. You can see every details that you would need such as features, description and add-ons. You can also request for the cars history. It should include the cars damage/crash history and maintenance/repair history. A well maintained car without damage almost doesn't change its used car value, while a car with upgrades increases the value a bit.

Can you tow a 2002 blazer?

If you have a manual transmission, you can put the transmission in neutral and flat tow it that way, whether it's a 2WD or 4WD model. If you have an automatic transmission but either a manual transfer case or the electronic transfer case with the four button system (NOT with the three button system), you can put the transfer case in neutral and tow it that way. Otherwise, you'll have to disconnect the driveshaft(s) before you flat tow it.

How can you reclaim a car that is not titled in your name but the lien is?

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.

If you're not on the title you have no claim to the car. You would need to sue the owner in court and win a judgment in your favor.