Repossession

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.

A 'Repo Man' is a person who gets paid by a company to repossess anything (usually cars, planes, automobiles, etc.) that hasn't been paid for in 3 months or more. The person can just take it back to the company, but he/she has to have the right papers so they can take it. Basically, if the person hasn't paid the rent (usually for cars and such) for a while, it gets repossessed.

You're looking for Arizona Title 13 - Criminal Law

http://www.azleg.gov/ArizonaRevisedStatutes.asp?Title=13

Failure to pay a loan can result in repossession, regardless of military circumstance. There is no special relief available for loans to military personnel, and the UCMJ is clear about servicemembers financial obligations being within the purview of civilian laws.

no

Leasing requires income. A financial institution/leaser will likely turn you down if you are unemployed. You can try, it never hurts.

I believe tht too. Leasing of a car requires your income statement and SSN. If you are not working probably you wont have any income tht month or months. But there could be a possiblity that they can let you sign the lease and make you pay after 6 months or so with interest or your friend or somone else can lease it for you and make a deal with you about money and other stuff.

Unemployed car finance is one of the easiest way through which unemployed people can finance their car. It offers the amount from which you can buy a brand new car or a used car. You can easily get sufficient amount of funds according to your needs. Such loans are not only designed for buying car you can also buy different types of automobile vehicle including bus, car, van and truck

These kinds of auto loans are designed particularly for those people who are not on work and not receiving any government benefits. If you are going through the same situation then there is no need to struggle any more to find out the lenders who will provide you funds when you are required to buy a new car. It might possible that big lenders will hesitate at offering loan to but there are number of companies are placed in the market that are specialized in offering unemployed car finance

Just log on to WWW.statelaws.com and ask questions.

You can be CHARGED with it. However, the cops will most likely run routine license checks on the car, and will figure out whose car it actually is, and remove that charge. I hope for your sake that the person who's car it was gave you permission to use their car, or you will get a car theft charge as well ^^

Partnerships and corporations must liquidate under state law before or on completion of the proceeding.

No, you don't. RVs are exempted from CDL requirements. Your state, however, may require that you upgrade your licence if the vehicle is over 26,000 lbs. GVWR.

The statute of limitations for a civil case in Colorado is two years.

Below is an article that explains Colorado's statue laws further.

Park the RV in a high traffic area, with permission of the landlord, with huge signs that read: I bought this lemon at such and such dealership. They hate negative publicity and will usually do something just to avoid further negative publicity. Call the dealership and tell them you plan to leave the vehicle with the signs on it until they do something or go out of business. Try to park the thing as close to the dealership as possible so that future potential customers going to do business there will see the lemon advertisement. ANSWER lET THE BUYER BEWARE. if you bought it from another individual or used car dealer, you should have the car checked by a mechanic or take a mechanically inclined person with you. if you feel you bought a lemon, there are consumer agencies you can contact like the better business bureau, local tv stations, your local consumer affairs office or court.

It is not a good idea to make such a trade.

The dealer will offer you significantly less then you owe, and move the difference unto your cheaper car. The bank may not even want to finance your cheaper car because the collateral would not cover the entire loan balance. You may be able to get approved if you purchase GAP insurance when making the trade; however, there is no guarantee.

Even if you can get approved, it would not be the best choice to do so. Imagine making a $500 payment on a car that over 5 years would have had a $300 payment. You could probably keep the more expensive car for the same $500 a month.

Weigh the options. It is usually more expensive to trade the more expensive car for a cheaper one.

If you don't work, you have no money. If you have no money, you can't get your car back. It will be sold at auction and you will be responsible for paying the difference of what it sells for and what you owe. If it sells for MORE than what you owe, you should get a check for the difference.