answersLogoWhite

0

💰

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

Can you trade in a vehicle in repo status?

You can try, but the moment the dealership finds out (which only takes an instant), they'll reject the trade.

When you cant afford the payments on your car what is the best choice to make having your car voluntary repossession of selling to a third party to pay off loan?

It is allways best to pay off the loan.

So in order from good to bad:

1st: So if you can do it sell the car and pay the loan. Looks good on the credit score.

2nd Volintary Repo with the bank or lender giving a written quit claim meaning they wont chase you for more money. Looks bad on the credit score but you are done with the trouble from this loan.

3rd Volintary repo. bad on credit score and the lender can chase you for remainder of the loan and fees.

4th Make the finance company come get it involintary repo. Same as # 3 except the lender will have much higher fees and will be vindictive chasing you for the moey.

Can you cancel an agreement being a guarantor?

No, you can not stop being a guarantor to an agreement while the terms of that agreement are in force. Thus if you are a guarantor for rent and the person your are guaranteeing fails to pay the rent - YOU must pay the rent.

If you a guarantor to a loan and the person with the loan defaults, YOU must pay off the loan.

This is what it means to be a guarantor - you can not get out of the agreement when things begin to go wrong.

Think VERY carefully before being a guarantor to ANYTHING.

Can the title of a car have one name but the registration is another name?

Yes. When you finance a car, that's exactly what happens... the financier is the title holder until that vehicle is paid off.

What are the repossession laws concerning a title loan company and are they able torepossess a vehicle 2 weeks BEFORE the first payment is due?

The repossession laws will vary with each city/state. A title loan company can't repo a car if the payment is not yet due unless the car is behind on payments.

What if the car lot that sold you a lemon and they want you to pay for the towing?

That depends on lemon laws in your state. Some states offer more protection than others.

When do car tags expire?

Whenever the agency issuing them states they expire. It varies by jurisdiction.

How do you find out if a car in your shop is in repossession status?

If a repossessor comes in with paperwork showing an order to repossess, you should be able to call the listed creditor and verify it.

How man days does it take to go 5687 miles?

if you could drive 5687 miles continuously in a straight line it would take 92 hours and 32 minutes

Why does a truck take longer to accelerate while pulling a trailer?

Because the trailer increases the overall weight (thus decreasing the power-to-weight ratio) and drag coefficient.

What is the best AWD Car?

SPORT: Audi tts

EXOTIC: Audi r8/ Nissan GT-R

SEDAN: Subaru wrx sti/ Mitsubishi Lancer Evo

LUXARY: Acura RL

Buying a car from lot in spokane wa and they say i have to wait 2 days so they can get a temp plate from dmv when it opens Tuesday how can i get a temp on a sunday and get my car now?

There is no way to go ahead and get a temp plate on a Sunday unless the car lot gives you one. Many car lots will give a temp plate, but it is up to the dealer.

How much will you owe if you made 41000 and single with 2 dependents?

No one can answer since that is effected by all your deductions but if you claimed the correct amount from employer (deductions) you should not owe.

Is it legal to take victim and culprit in the same cop car?

Yes. There might be practical reasons that would be a bad idea, but it's not actually illegal.

Can you find the owner of a car by the license plate of a car?

This information is usually accessible to the public via their national car authority service. In the UK, that would be the DVLA.

Can you refinance your car that is about to be repossessed?

If they started that process they are done. The only thing you can do is get money elsewhere and give them cash to get it back if you can get the money. There will be a penalty and you will have to pay for the repossession even. You can do a voluntary surrender if you can't keep it which looks better. If you let them take it, no one else will give you a car right away so you have to play ball with them.

Is car registration 142btg insured?

If you had a legitimate reason and need to know, then the resources to find out would be available to you. Since it seems you do not, it can only be assumed that you have no legitimate need to know.