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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

How do you insure a car that's not in your name?

I'm not sure why you would want to do this. Why is the owner not getting the insurance? You will be asked on the application for insurance who owns the vehicle, if you are not truthful, you risk, (should a claim arrise), ''mis representation'' on the application and the entire claim can be denied for this. (including the damage you/owner are responsible for to other people)

How old do you have to be to have a car title in your name?

18? Not true, depends on the state. Check with your local division of motor services.

Can a car be registered in a different state than your own?

Yes but you will be limited to some activities if your car is not registerd in the state that you are in at the moment... if you are just visiting then that is ok too!!

Can you return your financed car back after 14 days?

No, because there is a "No Cooling off period in CA". No, because there is a "No Cooling off period in CA".

If a car is repossessed from someone at a buy-here-pay-here lot then you take the car and it is given back who is responsible for the balance remaining?

Usually when your vehicle is repossessed it is auctioned off and the proceeds are applied to the balance of the loan after any commissions, fees or other charges are deducted. You are then responsible for the remaining balance.

What do you need to co-sign for a car in Florida?

There is not a strict set of requirements for cosigning. You will need to be over 18 and the lender will need to believe you are a good credit risk. This is based on your credit score. You should be concerned with the obligations cosigning a car loan will create for you. See the Related Link for "Experian: Advice on Cosigning a Loan" for info on this.

What was the price of a car in 1927?

The average price of a new car in 1927 was 380.00. The most common model available during this time was the Model T.

What do piston do in a car?

A piston draws air into the cylinder through an intake port. The intake valve closes and the air/fuel mixture compresses as the piston moves back up. Once the mixture is fully compressed, it is ignited and explodes forcing the piston down (this is known as the power stroke). An exhaust valve opens and the burned gases are expelled out of the cylinder as the piston moves back up to complete its cycle.

This is different from a heart valve. A heart valve would be similar to a bicycle tire pump though. As the piston draws air into the air chamber,the valve opens to allow the air to fill the chamber. the piston then, changes direction and pushes that valve closed and opens another valve to allow the air to be pushed out the air line. The difference is in the valves. a bicycle pump uses check valves. Check valves allow flow in one direction.

After public auction on foreclosured home what does ie mean by sold to the beneficiary?

i think it means that it was sold to the bank, see this:

== In order to bid at sales you must qualify with the auctioneer at the time of sale with cash, a cashier's check drawn on a state or national bank, a check drawn by a state or federal credit union, or a check drawn by a state or federal savings and loan association, savings association, or savings bank, or a cash equivalent which has been designated in the notice of sale as acceptable to the trustee prior to, and as a condition to, the recognizing of the bid at the time of sale in the amount the bidder is willing to bid up to. This is competitive bidding and will be sold to the highest bidder. The first bid being offered on behalf of the beneficiary, which is approximately the amount specified in the Notice of Sale at the time of the publication. Most states require the full amount at the time of the sale. (http://www.fidelityasap.com/faq.aspx#10)

I bought a car at copart and they didnt give me the bill of sale . where can i get the bill of sale?

Contact Copart, the location you bought it from, and tell them you need the bill of sale or title.

The dealer charged you more than the advertised price can you return it you are in Illinois?

If the dealer charged you more than the advertised price, you can probably return your car. You could also just make them correct the price.

Can you exchange a car?

Depends... Is something wrong with it? Did you give the dealer the 3 chances (90 days) that they legally have under lemon law to fix the problem? If it's a case of buyers remorse and you like the other car better, than no... I'm sure the dealer will let you return it in exchange for the other car, but for a price! :)

What should you do when your car says 'Check engine'?

Use an OBD code scanner to find out why the computer has turned on the check engine light.

What are best places to buy a new car?

The best places to buy a new car are at dealerships. Prior to visiting a dealership, check out their individual website or reputable car buying websites. You can often find better deals online prior to visiting the dealership.

What is the misfiring problem with my car after it overheated?

could be as simple as burnt spark plugs i would think it would run worse with a burnt piston but if its not smoking or anything the pistons should be fine so i would start with the plugs

Can the repo man cut locks on gates and take cars?

NO THIS IS ILLEGAL! They cannot go inside your house, garage, or locked private property

Do car dealerships sell rental cars?

No they do not because they are meant for buying cars not renting cars

How do you get your money back for a bad used car?

Mostly if you signed the contract you own that vehicle so i would definitely talk to the dealer and see if you can work out anything. Only some dealers give you that choice but it is a company policy not the law.

if the car is bad you signed an as-is no warranty so the repairs are up to the person who bought the car. Now if you are nice and talk to the dealer that sold you the car they might give you a discount for the repairs but they are not obligated to fix anything unless they gave you a warranty

What to do after paying off a car repo?

Make sure it is recorded correctly with your creditor and the local credit bureau

If you are the title holder on a car and your estranged wife is using the car without permission will she be arrested if the car is reported stolen?

I would guess that "if she was pulled over" the officer would run the tag. She would then be asked several serious questions and possibly be detained, but I doubt she would be arrested. I also think the police would have a few serious questions for you after they figured out what was going on. My guess is that this issue would better be settled in a divorce settlement.

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