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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
Can a car be financed in my name but registered in someone else's name?
I think you could only do something like that as a cosigner, because the loan originator will put a lien on the title that will have to be settled before the car can be sold or transferred.
Can you return your car to buy here pay here on day3?
There is no such thing as a 3 day rule or buyers remorse law concerning cars.
What do you do with a car that was voluntarily reposesed and the bank never picked it up?
The simple answer is, that if the bank never picked it up it is not repossessed. If you are not making your payments, and really want to give up the vehicle, what a lot of people do is take it back to the bank, and leave it in their parking lot. Be sure to give the bank manager the key and let them know what you are doing. If this is not possible continue to try to call them.
Do you get anything back from a repossession car sale?
Only if the car sells for more than amount owed plus expenses to recover, collect, attorney fees, and sale fees.
Can one vehicle be moved to get to the debtor vehicle in repossession?
This is one of those questions that the answer depends on who you talk to. As a repo agent I have tried to find the answer and it has been difficult. I believe the answer is yes, but if the repo agent damages the car he is moving then (of course) he is responsible, just like he would be responsible for damage caused to a vehicle he was repossessing.
You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.
You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.
You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.
You must be making minimal payments that are only covering the interest. You need to pay more attention to the details when you borrow money. You must have signed a loan agreement and failed to read the small print. That's how unsophisticated borrowers get taken advantage of. It isn't fair but it's something you entered into voluntarily. You need to pay more attention and start making much bigger payments.
Can military buy a car in one state but register and insure in another?
Assuming you mean someone in the armed forces, yes, of course. The person must have sufficient nexus, or presence, in the state it is to be registered in. Check the RMV website for the state.
What happens to balance on car title loan when car is stolen?
Every car obtained on loan definitely is an insured one.One gives loan on insurance basis only.
Does towing add to odometer reading on towed vehicle?
That depends if all the wheels are on the ground. Some cars have to have the drive shaft disconnected so it can be towed. Then it doesn't click up mileage.
Can you make payments even though your car is up for a repossession?
Yes you can. The main interest of the financial institution or or owner of the property is to have the property paid for.
Can a dealership repo a car for not paying all downpayment?
A "car dealership" CAN NOT legally repossess a car for any reason unless the are operating as a financial institution (bank/ Lien holder). And they had better be license as a bank if they are. (New York).
Will i have to pay for a faulty repair to my car?
As long as the mechanic who preformed the faulty repair admits to it, and is willing to re-repair it, then no you will not have to pay. If the mechanic does not claim responsibility and refuses to fix the faulty repair, take it to small claims court and make sure to bring your invoice, receipt, and proof or pictures of the damage.
How ever long
it takes you to get the title & registra to betion. And I assume you would want the car to be paid off.
Can you trade in a vehicle that has been charged off?
You can trade it in but the dealer will have to pay it off before consumating any deal he has with you. Charging it off does not relieve you of the debt nor does it erase the lien on the title.
What if you are in jail and cant retrieve property from your vehicle that was impounded?
You have a legal question. If you are in jail in the United States you should have seen a judge and been assigned a lawyer. In this state such questions should have been answered already. What you mean by impounded can vary.
If you were drunk and in a brawl and they threw you in the drunk tank until you sobered up, your car will be impounded until you pay storage and towing. In that case, the stuff in your car will stay there until you come up with the money.
If you are in jail waiting trial and they have not told you the procedure, ask your lawyer. (In this state there is a normal procedure that takes care of such a situation in this state. You use an inmate request form to get information about it.)
Can your car be repossessed due to lack of insurance?
No, but it can be impounded by the police. Lack of insurance is a crime, generally a misdemeanor, but if the degree is severe enough the police can impound it as evidence in a criminal case. To get your car back, you would need to provide proof of insurance, a valid driver's license for the owner of the car and the insurance, and pay the fine for the crime as well as the storage fees for the car while it was in the impound lot.
Repossession is done when you have failed to pay on the car loan. In essence, a car loan is a secured loan - if you don't pay the money, the loaning institution can take the car and sell it to pay off the loan.
What should you do if your car is paid off and dealer hasn't given the title?
Contact the dealer or finance company, whoever has the title, and ask them to send it to you. If they refuse, you may have to contact an attorney.
How do you get the car if you are the cosigner and making the payments?
As the cosigner on the contract, you are an equal owner of the vehicle. You cannot steal your own property. But, if you choose to simply go and pick up the vehicle, contact local law enforcement to let them know your intent and the reason so that when the party who currently has possession of the vehicle comes out to their empty driveway, LEOs know the vehicle was not stolen.
You might be required to get a notice or order from your local court, possibly a writ of repossession. Contact the clerk's office of your local jurisdiction and ask; they will likely be happy to help you with this info.
Your other option, if you do not want the vehicle, is to contact the finance company and discuss possible voluntary repossession. You may need to seek legal assistance to have your name removed from the contract, and be prepared to show/prove you made the payments and the other party did not.
