Repossession

There are a number of things. Firstly, a reputable dealer will give the car a very good inspection, check the history and have the oil changed. They'll give it a good service and a through clean.

Then it's a case of advertising the car for sale until a buyer comes along and snaps it up.

The better the car, the more likely it will sell quickly.

no you can not return the car for your money back. As soon as you sign and drive off the lot the automobile is legally yours.

Yes they absolutely can and will! Don't be foolish. Pay up before you have added fees and charges or lose the vehicle completely.

You should use Toyota brand, but any auto parts store would be glad to help you choose the correct one.

In accounting, the trial balance is a worksheet listing the balance at a certain date, of each ledger account in two columns, namely debit and credit. Under the double-entry system, in any transaction the total o In accounting, the trial balanceis a worksheet listing the balance at a certain date, of each ledger account in two columns, namely debit and credit. Under the double-entry system, in any transaction the total of any debits must equal the total of any credits, so in a Trial Balance the total of the debit side should always be equal to the total of the credit side. The trial balance thus serves as a tool to detect errors, which can result in the totals not being equal. Often credits will be represented as a negative, in which case the total of the trial balance should be 0. f any debits must equal the total of any credits, so in a Trial Balance the total of the debit side should always be equal to the total of the credit side. The trial balance thus serves as a tool to detect errors, which can result in the totals not being equal. Often credits will be represented as a negative, in which case the total of the trial balance should be 0. Regrading Naila_samina Abbasi Students of MBA

3 or 4 options.1. Pay it off completely after it is sold and the lender tells you "PAY US NOW".2. tell Lender you are financially embarrassed and will pay it in installments. (IF you would do that, you would pay them now and not get repoed)3. Pay the lender what you can IF they agree to it.4. Wait until the lender gets a judgment for the balance owed and garnishees your wages.Lucky #5. Declare Bankruptcy.

I assume that you owed money on the car, defaulted, and the car was repossessed by the lender. At the time of auction, the title should have been transferred. The title should have been transferred when the car was sold. The auction house didn't handle the paperwork properly and will have a real mess to straighten out. But that does not entitle you to profit from the sale.

New Zealand is a somewhat isolated island nation. As of 2010, it was estimated that there were 712 cars per 1000 people in the country.

The property or item is almost guaranteed to sell, thus relieving the seller of the expenses and lack of income associated with the property. Additionally, because the property or item is going to sell at any price this attracts more bidders/buyers in an otherwise saturated market or depressed market.

Failing to repay money that you owe is not a crime. The lender can reposses your car and/or sue you, but you won't be arrested. If you drive the car around, the only real risk is that the repo man might find it and leave you stranded.

To whom this question concerns: To my knowledge most if not all lending institutions especially the big ones are obligated by law to release this info. to you and I believe most if not all forward this info. in a letter to your last known address after the collateral is liquidated.I believe this should be done on a timely manner but may vary from location to location so sit back and watch your mail box however mistakes happen as humans error so if this info.isn't received in a couple of months or so I would contact the bank to inquire about it hope this helps.

A writ is a written order issued by a court, ordering someone to do something.

Is it a loud thump like something has hit under the car?

I believe this spot has been held by the Ford F-150 series pickup truck for a quite a while now. Although, in today's economy, statistics show consumers are moving towards smaller, more fuel efficient cars. The Toyota Carola is presumed to be the new leader in 2010, if not by the end of 2009.

hi i am jigardeep singh

7 yrs AFTER the date of the judgment, fed law requires the judgment to be removed from your credit file.

I'd say yes because when you see commercials advertising leases at "$199 a month for 36 months" for well qualified customers, it means exactly that. So if you have a good payment history then yes your monthly lease payment should be low. However, be wary of the mileage clause in your lease contract because if you return a car at the end of lease over a certain amount of miles then you end up paying a hefty fee at so many cents per mile (sometimes $1000+ !).

The owner of the property where the vehicle is located can remove it/ have it removed, in most cases without the necessity of notifying the owner of the vehicle.

They usually don't change their mind. What happens is a dealer sales you a car and lets you drive off thinking the purchase is complete when in fact they do not have the financing secured. This happens mainly on weekends and after normal business hour purchases. If they are unable to secure the financing they will want the car back or you to get financing of your own.

You don't. Purchasing such a vehicle could result in you being charged with receiving stolen property. If you are purchasing an abandonded previously stolen vehicle from a police auction, they will provide a clear title. Otherwise, steer clear of such transactions.

In most states, yes. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment. Remember this repossession will stay on your credit for 7 years.

Better mileage, more driver control over the performance of the vehicle, less expensive, with less maintenance.

They will be attached by screws from under the rear deck inside the trunk.

As an auto repair shop manager balancing warranty issues can be challenging. First and foremost has to be fairness. If a repair facility performs a repair you should always ask about the warranty before authorizing the work. Most warranties are pretty standard and cover the parts and labor involved. Any exceptions should be explained by the repair facility representative beforehand. If an installed part fails due to a defect or workmanship and is still within time and mileage requirements of the warranty then it should be repaired by the facility according to the warranty guidelines. If the installed part fails due to an "outside source"; i.e. damage inflicted upon the part that causes the part to fail then it is usually not covered. Let's look at an example: Say Joe's garage put a thermostat in your vehicle 6 months ago. Yesterday your car overheated because of a faulty water pump (leaking, locked pulley, etc.) and now your new thermostat is sticking because the car overheated. Technically that thermostat did not fail of its own accord. It was damaged due to overheating. The point is, find a shop that you are comfortable with. Build a relationship and have them earn your trust. Ask to see faulty parts, get the rep. to explain why the failure occured and if anything could have been done to prevent it. We are no different than doctors, we just work on your car, not your body.