Repossession

Remember you still have to make the payments!

1st The nice Policeman comes and takes the car away.

2nd The nice Policeman makes you prove you paid for the car (or finaced it) so make sure you keep all that paper.

3rd You call your insurance company and find you are not covered, you still have to try, but you aren't.

4th Once the salesman gets out of his interview with the nice Policeman he wont call you back. So you have to schlep down to the dealership and speak to the sales manager or the "Dealer Principle" and they wont make any commitments. A Reputable Dealer will "Help out the Buyer" once the car is impounded, but they don't have to under the law.

5th The Dealerships insurance company will not payout unless they have written proof that this is a stolen car, that must be provided by the Nice Policeman, so right from point #1 don't make him mad.

6th Once the insurance company has their documentation they will pay out either you or the dealer, if they pay the dealer you will get paid by them.

Shortest possible time for you to get refunded from #1 is 14 days. There was a Fellow in Britsh Columbia, Canada that waited over two years because the Police would not write the letter to the Insurance company due to it being and "On-going" investigation.

The stage that represents orders that have been received but for which payment has not been made is typically referred to as the "Pending" or "Open Order" stage. In this stage, the order is confirmed, but the transaction remains incomplete until payment is processed. This status is crucial for tracking order fulfillment and ensuring that payment is collected before proceeding with shipping or service delivery.

If you take a car without permission and the police tow it the owners do have to pay the fee for the wrecker service and the impound fee.

Maybe the repo man was after something other than your car. Or, maybe the person was there to serve you with some papers.

Casio G-Shock Frogman was created in 1993.

yes

You can litterally buy your car and finance it, walk down the street so to speak and refinance imediatly.

that depends on your term and rate. Use excel loan calculator and enter the information and if will give you a estimate.

In California your car can be taken 1 second after midnight the day after your payment is due.

If you do not comply with one of the requirements of the loan, things like insurance and the like, the car can be taken with out notice.

Any time you can get a parking ticket, it can be towed

Any time you owe more than $350.00 in parking tickets it can get towed from anywhere.

Before that, you have to know what is outstanding finance. It does not belong to you. It belongs to the owner of the vehicle. So, buying or selling a car having outstanding finance is unlawful anywhere.

Absolutely. When you purchase and finance a vehicle you sign a legally binding contract. Perhaps you should read what you sign. The contract states that you agree to carry insurance that includes comprehensive and collision with a maximum deductible of usually $500. If you let your insurance cancel then you have broken the contract and therefore the finance company can reposses the vehicle.

It will depend on the costs involved. If the sale of the home brings more money than the mortgage, the remainder will go first to cover the costs of the foreclosure. If there is anything left, it will be paid to the holders.

Each lender has their own way of disposing of a repo. Most will sale them at dealer only auctions. You can purse getting a used car dealer licenses from the state you reside and attending these auctions.

Yes, if you did not pay back the loan. That is what "signing over" the car is all about.

Impound fees can vary widely depending on the location and the towing company, but they typically range from $100 to $300 for standard vehicles. Additional charges may apply for storage, which can be around $20 to $50 per day. It's important to check local regulations and the specific towing company's policies for accurate fee information.

yes you should

Put it in the junk yard

It can be done.

Technically, it depends on what he/she said that was untrue, but... It's america (assuming you're in America) you can sue McDonalds for their coffee being too hot. Ask a lawyer for details, though.

If the repossessor is allowed in, yes. They cannot force their way into the community.

They can cause excess wear to steering and suspension components, such as drag links, tie rods, ball joints, and the Pitman arm.

Volkswagen Group

Repo companies don't just throw up their hands, say, "well, I guess that's that" and quit. They'll keep after you. If that fails, then the finance company will simply take you to court, and you will lose that one - the car doesn't belong to you - it belongs to the lien holder.