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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
What is the difference between a car being seized or impounded?
inpounded you can get back for a fee, seized you cant get back unless the agencie that took it gives it back
Are there any auction sites where you are allowed to buy from a seller directly?
You can do that on eBay. Just use the Buy it Now feature instead of going through the auction. You'll usually have to pay a little more for it, but it's worth it to not have to wait and see if you win the auction.
There are thousands of wholesale sources available today on the web, the only way to drop ship profitably is to work with manufacturers and stocking distributors directly. This method will net you the best --and most competitive prices.
What are the laws on parental consent for sex in New York State?
What states is a crime hide a car from the lender?
Most cases its going to fall into a civil matter unless that car was rented from a rent a car company.
What do Lamborghini car dealerships do with the money?
They pay the company for the car and various other expenses.
Can you turn in a car that is financed and is not fully paid for?
Yes, if you want to ruin your credit and still be responsible for the difference in what the car sells for and the balance on the note.
The legal basics are: If a vehicle title uses the word "or" to separate the names the vehicle can be sold or traded by either party. If the names on the title are separated by the work "and" both parties have to agree to any action taken in regards to said vehicle. The person who is listed as the loan borrower is irrelevant unless it becomes a case for litigation in regards to partitioning said property. Any vehicle which is still held by a lender's lien (it will be indicated on the title) cannot be sold, traded or partitioing of parts without the lender being agreeable or the loan being paid in full as agreed. Any person who reports a vehicle as stolen when they have knowledge that there has been no such crime committed is guilty of a criminal felony and will be subject to prosecution and incarceration.
How do you return a used car in Utah that falls apart from the time you drive it off the lot?
If you bought it "As Is" with no warranty, you may be out of luck, but it may also have a state mandated 30 day warranty, as my state of Kentucky does. You are not going to be able to just return the vehicle, but the seller may help pay for repairing it as in a 50/50 deal. Contact you state Attorney General for used car laws in your state. In the future, take any car you are thinking of purchasing to a trusted mechanic and have it inspected before you purchase. The money you pay him to inspect the vehicle will be money well spent and you will avoid this type situation.
What could happen if you stop making payments to a 'buy here pay here' auto dealer?
If you stop making payments, someone will come get the car. Simple. If you take it back to the lot, they will sell it again. And sell you another one when you get another down payment. If the vehicle is recovered by the lender it will be sold at public auction for as close to the fair market value as possible. The borrower will be responsible for any deficit between the sale price of the vehicle and the loan balance plus applicable repossession fees, interest and other costs. If the borrower does not reach an agreement with the lender for repayment of any outstanding debt, the lender may take whatever steps necessary tht are allowed under the laws of the borrower's state to recover monies owed, including a lawsuit. The repossession action will appear as a negative entry on the borrower's credit report.
How do you purchase a used motorcycle from someone who still owes and does not have the title?
have the guy make you a bill of sell or you can print a bill of sell off by going to the DMV website this may work in some states i live in Utah and as long as you have a bill of sell with the right owners name it works but make sure that he is the owner cuz if not you may have to sue him to get your money back
What are car repossession laws in Missouri regarding notification to auction a vehicle?
what are the legalities of voluntary vehicle repossession
How can you get a police report when the police didn't file it?
Generally a police report can be obtained for a small fee. Normally a subject calls the police, they come out and write a report. Sometimes it takes a little longer because of all parties not having enough information. If a person wanted a report and one was not filed, I would first suggest going to speak with the commanding officer of that shift. They can look into why one wasnt written and then they can take the appropriate action to get you your report (even if its just a stat 10 report). If that doesnt get you a report then request to speak with the Chief of Police.
Additional: While the above is good advice (in the case of an alleged criminal complaint) - keep in mind that not everything that is brought to the attention of the police is automatically a 'police matter' or that it generates a 'police report.'
Many-MANY times things such as civil matters, minor neighbor complaints, reports of problems with other municipal agencies or services, etc, etc) are brought to the attention of the police but over which they do not have control or the legal authority to act. THESE matters oftentimes do NOT generate a report of any type.
If the questioner is looking for documentation of one of these types of incidents, they will not find an "official" record of it. Law Enforcement does NOT make a report every single time someone speaks to them about something.
What makes pertamax and pertamax plus and premium different?
Pertamax Plus is designed for vehicles with a minimum compression ratio of 10.5. Standard Pertamax is for all vehicles manufactured after 1990 with electronic fuel injection and catalytic converters. Premium is comparable to regular petrol.
Hopefully I am understanding the question correctly. :) In most cases it would depend on the "time frame". Any money paid out ninety days before a BK filing is at the discretion of the trustee as to whether it's refunded and included in the BK. There are mitigating factors however, one being if it is a Federal or state filing. I don't quite follow the "earned" part of your query. Sorry.
State three requirements of a steering system of a vehicle?
The requirements of a good steering system are : -
1. Should be very accurate.
2. Easy to handle.
3. Provide directional stability.
4. Should multiply the turning effect applied on the steering wheel by the driver.
5. It should be irreversible to a certain degree so that the shocks of the road surface encountered by the wheels are no transmitted to the driver's hands.
go to transamworld.com there is info on there.
How long after a reposession can you reclaim a vehicle?
Up until the day they sell the car. As long as you pay the repossession fees and make up all back payments plus any administrative charges. That is if the lender agrees which they do not have to do. You broke the contract when you failed to make the payments on time so they can refuse the payments and sell the car.
Do you have to have a title for 1994 model or will bill of sale work?
If you own the car then you will have a title. Without a title you cannot sell the car.
How do you sell a car that you still owe on that is damaged?
If you can get enough out of the car to pay off the loan then just sell it. If you are upside down on the loan, they that presents a real problem. You may have to just sit on the car until you pay off enough of the loan to be able to sell it an get enough to pay off the loan. You could also sell it and take out another loan that will cover the deficiency, but that may not be a good decision if you are financially strapped.
What reason would a 1988 Camry cut off while driving and not crank back up?
There could be many reasons including fuel filter igition components ect. If you go deeper than fuel filter then it would probably be cheaper to invest in a 1/2 hour of diagnostics from a trusted local garage. Dealer prices are usually out of reach. Good luck
We have a 1987 Toyota SV21 Ultima that had a similar problem. We could drive for about 20 minutes normally and then the car would cut out and not restart. If we left it for half an hour or so it would start and drive normally to get us home. The fault was in the igniter box. Over the years the wires inside had fractured but remained in contact when cold. As it heated up during use expansion caused the broken ends to separate, breaking the ignition circuit. Soldering the wires together fixed the problem and it still runs very well after many years service. Hope this helps.
How does a bankruptcy trustee decide how much of a car payment you can have?
each bankruptcy court in each city or state has a standard format. In my county, the cost of the car cannot exceed $18,000.00 and the payments cannot exceed $500.00 a month, for anyone under the plan. They take a realistic median priced car and a median car payment (based on poor credit) to come up with an amount. It is also based on cost of living in that area.
Should I buy a car with 200000?
Depends on the type of car, appearance and service history. that's the short and simple answer.
For example, I wouldn't buy a 1986 Hyun--- Excel with any number of miles for anything more than $100 but I wouldn't really think twice about a Mercedes 300E or any 240 series Volvo from the same era for up to 400K miles.
If the vehicle looks like it's been cared for (and not just by the dealer), for example eating inside the car, items lodged between the seat cushions reveal a lot about the history of a car and it's previous relationship with it's prior owners.
Moms, though they tend to drive with more caution, don't tend to keep up with frequent upkeep. Young men although, most of which like to work on their cars, most also are very demanding with their cars . Ideally one would want a lease return from a single, adult professional. Unfortunately at 200K miles those are hard to come by unless they're purpose built machines such as the aforementioned, not appliances.
When testing a car out, let the car idle for several minutes, an idling car with the a/c turned on full blast WILL reveal many engine and cooling flaws within. So will the power steering test. The transmission should not slip and the clutch (if it's a manual) should have a quick and tight engagement. The car should NOT smell of fluids other than gasoline, perhaps.
Expect normal wear and tear. Some cars age better than others. This is where quality takes precedence. An old or 'used' Bimmer will look 100X's better than an old Dodge. It will also wear better. Some cars on the high end are designed to last forever BUT the manufacturer also assumes the owner is absurdly wealthy and can afford the upkeep. I.e., any big bodied foreign luxury car (esp. any equipped with 12 cylinders). Ideally, I would lean on the entry level of the marquee marques. 3 series, Mercedes W201, Saab 900 or most anything from Volvo. Also Toyota makes a damn fine car. But I'm just a car and safety snob.
So unless you're a plutocrat, stay away from wretched excess or utter frugality and you will do just fine with the aptly engineered 6 and even some modestly powered 8 cylinder models.
Who does the sheriff of a county report to?
== == In Texas, the County Sheriff is an elected position and as such does not "report to" any superior, but is instead responsible to the citizens he is sworn to serve.
