Repossession

No. Your state's department of motor vehicles will require the seller to release the vehicle to you. That individual's signature on the appropriate form(s) provides the required release.

Yes. Your willingness to pay it off isn't enough - you need to be able, and be up to date on your payments. Now, if the repo man comes, and you tell him, "look, I have the cash on hand to pay your fees and pay the vehicle off", then he's going to call the finance company and ask how they want to proceed. The finance company would much rather have your money than your car, and will likely say yes.

You only get the value of the totaled car. Youdidn't have to buy a more expensive car you chose to buy one.

Sometimes one can negotiate with the company holding title to the automobile and work out a payment schedule to pay back the amount in arrears, but some companies will not negotiate at all. The easiest way to prevent a vehicle repossession is to ensure that all payments are made according to the payment terms.

No, otherwise people would hide the vehicle, move it into a garage, etc.

Late fees can be incurred for utilities payments that are not made on time. These terms will vary depending on what utility company is used, and they should be contacted to learn what late fees and penalties they charge.

apt., suite, bldn

If you have a lien on it, yes. If you don't, then you're going to have to go through the courts.

Until the debt is satisfied in full or the garnisher recends the judgment order.

No. Unless they're given permission from the owner of the other vehicle, they can only legally enter and move the vehicle they have an order for repossession on. If they move another vehicle, they're guilty of a criminal offense.

The car is not yours, it belongs to whoever got the repo company to collect it. They can decide what happens to the car, if they instruct the repo company to break into it, then that's what will happen.

The creditor is the one who repossesses the car. They simply hire an agent in the area to do the repo. As long as they hold the lien, they're the rightful owners of the vehicle, and have a right to reclaim their property, even across state (and even international) boundaries.

Yes. When the vehicle is repossessed it no longer belongs to you and there is no requirement to tell you where it will be stored.

If you have the VIN number, you can have a title search done through the Department Of Motor vehicles. It will not be free. In NYS, they charge around $30.

Depends entirely on what the contract you signed says. If you are 1 day late they may be able to repossess the vehicle if that is what the contract says and what your state laws are regarding repossessions. Read your contract.

No it will not pay anything in that case. GAP only covers the difference if the value is less than amount owed.

If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.

A finance family deployability checklist will prompt you to make sure that you make arrangements for your car payments.

No, you don't get any rights over the car. Co-signing just agrees that you have an obligation to pay all or part of the debt in case the other person does not. You can't really 'get out' if it unless you complete the obligation.

ask your friend

No, but he'll usually have to give you some notification that your vehicle is being repossessed. By the time he comes to talk to you, it usually means he's already hooked to your vehicle, at which point, it's in his possession, and there really isn't anythiing you can do about it.

Yes

call the cops. that is theft.

Quite probably. Because you have paid so much of the loan they might even find it more attractive to do so.

The car will most likely be repossessed unless you make up the missing payments and penalties.