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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

Is the dealer responsible for used car repairs in the first few days after the sale?

unless you have a written and signed warranty, used cars are sold AS IS and there is no expressed warranty on a used vehicle

My son purchased a used car today The car listed for 18500 He was trading a jeep that he owed no money on and the dealer agreed to give him 1000 for a trade In your mind this equals financing 17500 H?

You need to be more concise so that you can get to your actual question before you run out of room. However I think I can guess what it would have been.

Assuming the trade in was his only credit and he didn't put any money down, there are several reasons the financing might have been for more than 17500.

First, 18500 is not an all-inclusive off-the-lot price. There are other fees and expenses that need to be taken care of. Taxes, for example. Many dealers also handle registration, so those may have been added to the amount being financed.

I recommend going to the dealer with the finance agreement and asking for a detailed explanation (if it's not already on there). If the dealer can't satisfactorily explain where the additional charges come from, then ask for them to be corrected. If the dealer refuses, then I'd let them know that they can either explain to you now, or explain to the Better Business Bureau and whatever agency handles car dealerships in your state later. If they're still obstinate, then go ahead and report them to both those places (at least; you might want to notify the local TV news also ... a lot of them have a consumer protection segment that might be interested).

Can you return a used car if you haven't been financed?

There is no easy answer for that question. There are a few factors that matter when you are trying to return a bought vehicle. Did the dealership give you the car on the basis that you were approved but then got denied within a few days of buying the vehicle? If that's the case, you should be able to return it. Each state has its own laws on this matter so depending where you live will depend on all your options. The term "haven't been financed" does that mean you bought it in cash? Is the dealer a "buy here pay here" place? I would need more info to better answer your question. As a rule of thumb, you can return the vehicle, if the dealer "thought" you would be approved but you weren't, that's not your fault. Unless you gave fraudulent info, that could be another story. If you want to return a vehicle because you found a better deal somewhere else, good luck, most dealers won't be interested in helping you return a vehicle under that scenerio. You still may have options, but that would depend on where you live, and the laws in that state.

If there are 3 years left on a Chapter 13 on a vehicle only and the car is starting to break down can a new car be purchased or are you out of luck?

This question is so fact-specific that it defies an easy answer. Under most circumstances, I would say "yes," you can buy a new car. To buy a new car in Chapter 13 (or to finance anything for that matter), one has to request permission from the Court PRIOR to the purchase by filing a "Motion to Purchase," which describes what one wants to buy, why they want to buy it, and how much it will cost. One normally also has to address what impact the purchase will have on their monthly expenses (Schedule J) and how that may affect their Chapter 13 Plan payment (don't worry, your lawyer will take care of all these details). So long as the Court approves the new purchase, everything's roses. However, the situation may be one in which it is preferable to convert to Chapter 7, surrender the dying car, and buy a new car afterward, or it might be better to stay in Chapter 13 and finance the car, or it might even be best if one dismisses their Chapter 13 and then buys the new car. There are so many factors which could affect which option is in the debtor's best interest that it is imperative for the debtor to consult their attorney. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.

If you had a balance of 189 dollars on your Ford account that was paid to a collection agency when it was discovered 2 years later then Ford went and reported it as a repo to the credit bureaus is this legal?

Jose. DID they repo the car?? If not, I dont see how it could be correct.

Was this vehicle a repo at the time and were you paying the remaining balance to the collection agency or was the account a charge off? I am assuming that you are refering to Ford Motor Creit which I used to collect for. In most cases a 3rd party collection agency will purchase the account at pennies on the dollar or the account will be placed with a fee once the account is collected. It is the collection agency responsiblity to update the creditor of payments and in some cases update credit reports. Also it is a good idea to get a confirmed paid in full letter and to send it to the original creditor to make sure they update your credit report correctly.

What is the most reliable car?

Consumer Reports and JD Power both have lists of cars they believe are the most reliable. Toyota, Buick, Acura, and Lexus models are on both lists.

See http://blogs.cars.com/kickingtires/2009/02/consumer-reports-most-reliable-used-cars-for-2009.html and http://www.jdpower.com/autos/car-photos/VDS/Cars/2009. Reliability can also be affected by regional differences in weather and use.

Some cars are less reliable in certain types of extreme weather and daily usage. Reliability varies from model to model as a car gets older. Some cars are problem free up until a certain point, after which they become a money pit. Diesel and boxer engines will last 300,000-400,000 miles with proper care, while some of the "reliable cars" engines will go only 200,000-250,000 before you need a rebuild. It isn't cheap to rebuild an engine, especially for imports. Don't forget about the overall safety and comfort of the car either. Some reliable cars don't do very well in car accidents or are uncomfortable. You should talk to about 5 master mechanics in your area to get their perceptions of what the best cars are.the most reliable car is the range rover so ignore the above!!

How do you get concrete off a car?

A company by the name of KoverKrete Systems (see the link below or 407.246.7797) manufactures a product called "POOF" which removes concrete from concrete tools, mixers without harm to painted surfaces. This includes concrete that has been on these surfaces for an extended period of time.

Where would you find the factory stereo amplifier on a 93 ford probe?

I found mine in the backseat passenger panel. I found out I even had keyless entry....

Can you remove someones name from a car title in the state of Florida?

Yes, in Florida, you can remove someone's name from a car title, but the process typically requires the consent of the person whose name is being removed. This usually involves completing a form to transfer ownership or a release of interest, which must be signed by the individual being removed. Additionally, the Florida Department of Highway Safety and Motor Vehicles (DHSMV) may require a title application and payment of any applicable fees. It's advisable to check with the DHSMV for specific requirements and forms.

What is the standard size of a car?

The most standard sized car is the mid-sized sedan. Most sedans are medium sized models with four doors, five seats, and 6 cylinders.

Can a bank repossess a travel trailer that you live in and have electricity and sewage running to it in a state park or do they have to evict you?

Chris, I dont know the laws in your state(you didnt mention where you are)but in my state, i do it all the time. I just wait till no one is home and unhook and go. Can you really "live" in a state park??

Can a repoman call your house at 11 PM show you a phony badge introduce himself as a special agent and repo your car without showing any paperwork?

  1. 1. they cant "introduce" anyone after 9:00 Pm UNLESS you are up and about,
  2. 2. Using ANY kind "BADGE" is using "color of laW" and that's NO GOOD.
  3. 3, IF he was a cop, with warrant, he would have to show it t0o you.
  4. 4. IF you tell them they CANT take the car, they LEGALLY cant.
  5. 5. Call an ATTORNEY NOW

In whos name should a new car be titled to limit potential liability when the driver will be a 17 year old but the buyers of the car are the parents?

I don't understand what you mean by "limit potential liability". Parents are liable for anything a minor does regardless of whose name the car is in. If the parents are seeking to escape liability for accidents when the child is no longer a minor, then titling the car in the minor's name would be the way to go. This does assume they're comfortable with throwing their no-longer-minor child to the wolves.

What is an apartment relenting fee?

The reletting fee (not a "relenting fee") is a sum you pay to the landlord to cover the expenses incurred in reletting your apartment in the event you break your lease and move out before the end of the lease term. It should be reasonably related to the actual expenses incurred by your landlord in finding a replacement tenant (e.g, advertising costs, overhead, apartment personnel, etc.). The Texas Apartment Association ("TAA") seems to have chosen 85% of the monthly rental rent as the magic number. Regardless of whether this seems fair, it hasn't really been challenged in Texas courts.

Contrary to what some of the previous wikianswers to this question stated, the reletting fee is, by law, not a penalty. If you break a lease in Texas, landlords have a statutory duty to mitigate damages. This duty cannot be waived by contract, even if you agree to do so. Thus, charging a penalty is against the law. However, charging a fee to cover expenses in finding a replacement tenant is not. Keep in mind this is different than a liquidated damages agreement, whereby your landlord agrees to release you from your lease for a set fee. This is not considered a re-letting fee. Rather, it's an amount you've agreed is what your landlord is entitled to as damages for letting you out of your lease.

Policy on returning a new car to dealership after contract is signed?

There is no such policy. Once you buy a car, it is unreturnable unless it's a lemon, and that is strictly defined by law. There's no 3-day cancellation policy or anything like that. By signing a contract, it was assumed that you are a reasonably intelligent adult with the power of decision. You could try to work something out with the dealer, but the car is yours.

What do you do if the dealership went bankrupt without giving you a title or bill of sale?

you went to a car dealership, didnt you? You DIDNT go to a casino. Did you sign a loan contract?? The B/K trustee and the manu. of the car will be looking for the car. Dont worry you wont have to pay TAXES on the gift of the car.

What will a buyer pay for an impounded vehicle worth 3000?

value is what a seller is willing to take for a vehicle and what a buyer is willing to pay for it. at that point what is worth NADA,Blue Book,Black Book are only guides impound doesnt hurt the value.salvage title or damage will.

What happens when a motorcycle gets a flat tire?

Hopefully not a "blow-out" Yeah, that too. If you have wire-spoke wheels on just about anything that isn't a recent BMW, you have an inner tube. Typically, one piece "mag" wheels will be tubeless. Inner tubes will tend to lose air more quickly than tubeless tires, but either way, you may feel the steering response to be a little heavier or more vague than before. You may see the contact patch between the tire and the ground has grown larger. But at that point, it's too late, usually. The best way to detect low air pressure is with a tire pressure gauge. Follow the motorcycle manufacturer's recommendations for inflation pressure (NOT the maximum pressure imprinted on the tire sidewall). Running even a few pounds low can begin to affect handling and your safety. Too much is a bad thing also. Check pressure early and often. If your tubed tire has gone flat, and you don't have tire spoons and all that archaic stuff, you're probably walking. With a tubed tire, you may have some success plugging the leak if you can find it. and you have a kit to repair it. But motorcycle tires are of different design than car tires and are subject to different forces when moving. They are not really designed to be repaired, so I'd consider plugging one only if circumstances outweighed the danger of riding on a plugged tire, and then only at low speed, under light load, for only a finite distance.