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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 can you find out who owns a car?

You can wait near the car and watch to see who comes to pick it up. You can take the license plate number and do some research. You can call the police (not 911--that's for emergencys only)

Or..you can ask the driver "hey, do you own this car?"

Fair warning: if you do the first, don't be surprised if it results in stalking and/or harassment charges.

How do you tell if a car had rust underneath the paint work?

If rust is underneath your paint work, you will notice some bubbling. Rust should be sanded down, before painted over.

How many days before they come get your car or truck in Texas?

One day less than the time it takes for a black guy (or a mexican) to steal it.

You cannot make your deferred down payment on a used car what can you do if the dealer will not help extend for a few more days in Texas?

Every dealer has its own rules when it comes to Deferred Down Paymet, now you can put a deposit for the vehicle up to 5 Working days and then purchase the vehicle or make a down paymet with your credit card and that will buy you some time.... Now if you keep shoping you will find a dealer who is willing to execute a deferred down paymet. Just make sure the vehicle is worth'it. Regards, Aldo Montes de Oca C. Preown Store manager.

Who is responsibile if a car door is opened on a driveway in front of an on-coming car?

The driver a car who is about to open their door is responible for looking for other approaching cars no matter where their car is.

Can your car be repossessed if you have the title in your possession and the bank is not the lien holder?

Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.

Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.

Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.

Repossession occurs when the borrower fails to make payments on a loan secured by a vehicle. If "the bank" is not the lien holder then it has no authority to take possession of the car by repossession. However, if a bank obtains a judgment lien against you in court for a different debt, it can use the judgment lien to seize your car, or any other property, to satisfy the judgment.

What is the function of a boot-kit in a car?

There are different ways to define what a boot kit is in a car. A boot kit can be a set of boots or rubber cups that cover joints in the axles of a car. A boot kit can also be an emergency kit that has survival gear in case of extreme weather and breakdown. A boot kit might also be a type of lock put on a wheel of a car so the car cannot be moved. This is done by local police if tickets accumulate on the vehicle and are not paid.

Can a repo man legally use a master garage door opener to access the vehicle in a closed garage in Kansas?

You cant LEGALLY open locked gates,doors,ect. in any state. Can you prove they did it? Any other way they copuld have gotten in? Someone else open it?

Where can you buy a used car from private sellers?

Well, you search for them in cars classifieds found in newspapers and internet (faster and more comfortable). Private sellers make use of online free car advertising given by many sites to get their cars for sale ad posted nationwide. This way, more potential buyers can see the ad and the possibility of getting it sold fast increases.

You can also make use of this cars classifieds online to compare car values and pricing that would work out for your taste and your budget. One good car site is cars.ozfreeonline.com

Do thermostats in cars go bad very often?

Regularly. Also, schmuts in the coolant fluid can clog or jam the operation of the valve. Even new replacement ones should be tested before being installed, as they also are known to be bad fairly regularly ....or highly inaccurate.

How do you dispose of a car abandoned on your property?

This happened to me a few weeks ago. The state police should have it towed away at the owner's expense. The vehicle belonged to a company that was left at my house, but they could not identify the driver, it didn't cost me anything.

The actual law and procedure vary from one state to another. In many states the police have absolutely no jurisdiction to remove a car from private property, if the car is not creating an immediate hazard or in connection with a criminal investigation.

In those cases, you would need to follow state law. For example: you may need to make an attempt to identify the owner and to contact the owner to remove the property, document your attempts, post a proper notice on the property stating what is about to happen to it, wait some specified number of days, notify the police to make sure the car is not on any "wanted" list, then arrange to have an auction of the vehicle or to have it removed privately for auction by someone with an auctioneer's license, etc.

There are other states where you would actually need a court order before you could tamper with someone else's car that was left on your property.

What can a bank do if you failed to give them the title from a car you purchased then failed to make payments on you then sold the car and kept the money you still owe 8k on it but Iam disabled from?

They will sue you in court....Win...and garnish any settlements you may be receiving from the government. If they can not garnish any type of payments you receive, they will garnish your tax return, if you get one, or put leins on any property you may own, including other cars, homes, etc. You will be required by law to make monthly payments to the bank, or they have the right to repossess whatever they have a lien on, including that already paid off car, your home, etc.

AnswerALSO: by failing to send the title to the car as agreed when you purchased the car, you are technically guilty of fraud, and you could even be charged in criminal court.

How much will an exhibition to speed ticket be in Ca?

== == I received one and plea bargained it down to a generic speeding ticket (which was erased with traffic school). The fine still stood though...the base fine was $250 to $350 but it's the penalty assessments that kill you. The penalty assessments brought the total to $1000!!!! Throw in traffic school and the total out-the-door cost that day was $1070 !!! That was an expensive experience.

You live in Alberta you are selling a used vehicle privately your question is do you have to charge GST on the vehicle that you are selling?

If you are not a licensed dealer, then you don't charge state tax. The dmv will collect the taxes due, you just have to make sure you fill in the amount you sell the car for on the back of the title or on a bill of sale.

The above-answer is only partially correct: it does NOT apply to Alberta. GST is a federal sales tax and generally does NOT apply to sales of used items between private individuals in which the seller is not deriving income from sales of that category of item. GST may apply to a used car sale between private individuals only if: [1] PST (prov. sales tax) applies, and [2] the particular province's PST has been blended with the federal GST. In that case, that province's Vehicle Registry will charge and collect the PST/blended PST&GST.

In the case of Alberta, since there is no PST, there cannot be a blended PST&GST; therefore no GST is payable or chargeable on the sale of a used vehicle between private individuals in which the seller is not deriving income from sales of used vehicles ("curbers"). The AB Motor Vehicle Registry only charges GST on the price of the 'products' it sells: license plates, driver's licenses, etc. Zero tax on the actual vehicle sale itself.

Bought a car problem with it after 1 hour can you get money back?

A Broken CarThis is largely dependent upon the state in which you bought your car (i.e. Oregon vs California). If you bought a new car then obviously you are covered under warranty. However, if you bought a used car, they are required to inform/disclose all longstanding problems with the car, so if it was working when you got it and now it isn't it is not a longstanding problem, but if it wasn't working when you bought it and they didn't disclose that to you they are liable. Furthermore all states in the Union have a 24 to 48 hour contract negation. This means that no matter what type of contract you signed, if it within a certain period of time you are able to break that contract. It has to be a notorized notice and submited to the honor on time, withe the merchandise. This was specifically established to counteract the pushy car salesman, however if it is after this set time you are out of luck. Hope that helps.

If you traded in a salvage title vehicle bought a new car and the dealer did not catch it can they request their new car back?

They can "request" it. It will require legal action on their part and many dealers will not pursue it-but some will and it depends on the difference in value-if it's an old "hooptie" they probably will not bother.

What does terms of Net on a contract mean?

If you mean on a contract that you need to pay (invoice), it probably has something like 2/10 net 30. If this is what you are talking about it means that you can take a 2% discount if it is paid within 10 days, otherwise the "net" amount is due in 30 days.

What happens if a Florida car dealership cannot give you financing at the rate you signed for?

The same as if a Georgia dealership, or Michigan dealership, or Massachusetts, New York, New Jersey, Virginia, or a dealership from any other state cannot do so. Actually it is not a question of the dealership, it is a question of what the lender will do. The lender is the party that accepts the risk of loaning you money to purchas a vehicle. If they determine you are not an acceptable risk, then the dealership cannot sell you a car. The dealership has no liability to you.

Buyers defults on contract?

When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor may have the right to repossess your car. Talking with Your Creditor

It is easier to try to prevent a vehicle repossession from taking place than to dispute it afterward. Contact your creditor when you realize you'll be late with a payment. Many creditors will work with you if they believe you'll be able to pay soon, even if slightly late. Sometimes you may be able to negotiate a delay in your payment or a revised schedule of payments. If you reach an agreement to modify your original contract, get it in writing to avoid questions later. Still, your creditor may refuse to accept late payments or make other changes in your contract and may demand that you return the car. By voluntarily agreeing to a repossession, you may reduce your creditor's expenses, which you would be responsible for paying. Remember that even if you return the car voluntarily, you're responsible for paying any deficiency on your credit or lease contract, and your creditor still may report the late payments and/or repossession on your credit report. Seizing the Car

In many states, your creditor has legal authority to seize your vehicle as soon as you default on your loan or lease. Because state laws differ, read your contract to find out what constitutes a "default." In most states, failing to make a payment on time or to meet your other contractual responsibilities are considered defaults. In some states, creditors are allowed on your property to seize your car without letting you know in advance. But creditors aren't usually allowed to "breach the peace" in connection with repossession. In some states, removing your car from a closed garage without your permission may constitute a breach of the peace. Creditors who breach the peace in seizing your car may have to pay you if they harm you or your property. A creditor usually can't keep or sell any personal property found inside. State laws also may require your creditor to use reasonable care to prevent others from removing your property from the repossessed car. If you find that your creditor can't account for articles left in your car, talk to an attorney about whether your state offers a right to compensation. Selling the Car

Once your creditor has repossessed your car, they may decide to sell it in either a public or private sale. In some states, your creditor must let you know what will happen to the car. For example, if a creditor chooses to sell the car at public auction, state law may require that the creditor tells you the date of the sale so that you can attend and participate in the bidding. If the vehicle is to be sold privately, you may have a right to know the date it will be sold. In either of these circumstances, you may be entitled to buy back the vehicle by paying the full amount you owe, plus any expenses connected with its repossession (such as storage and preparation for sale). In some states, the law allows you to reinstate your contract by paying the amount you owe, as well as repossession and related expenses (such as attorney fees). If you reclaim your car, you must make your payments on time and meet the terms of your reinstated or renegotiated contract to avoid another repossession. The creditor must sell a repossessed car in a "commercially reasonable manner" - according to standard custom in a particular business or an established market. The sale price might not be the highest possible price - or even what you may consider a good price. But a sale price far below fair market value may indicate that the sale was not commercially reasonable. Paying the Deficiency

A deficiency is any amount you still owe on your contract after your creditor sells the vehicle and applies the amount received to your unpaid obligation. For example, if you owe $2,500 on the car and your creditor sells the car for $1,500, the deficiency is $1,000 plus any other fees you owe under the contract, such as those related to the repossession and early termination of your lease or early payoff of your financing. In most states, a creditor who has followed the proper procedures for repossession and sale is allowed to sue you for a deficiency judgment to collect the remaining amount owed on your credit or lease contract. Depending on your state's law and other factors, if you are sued for a deficiency judgment, you should be notified of the date of the court hearing. This may be your only opportunity to present any legal defense. If your creditor breached the peace when seizing the vehicle or failed to sell the car in a commercially reasonable manner, you may have a legal defense against a deficiency judgment. An attorney will be able to tell you whether you have grounds to contest a deficiency judgment.

What engine does a lamborghini have?

Diablo- V12 Murcielago- V12 Gallardo- V10 Countach- V12 Miura- V12 california-V14

Hideing a car when its going to be repossed what is the penatly in California?

grand theft auto- Every person who steals, takes, or drives away the automobile of another with the specific intent to deprive him/her permanently of his/her property is guilty of the crime of grand theft of an automobile in violation of Penal Code section 487h.

if you hide the car, you have just commited grand theft auto. this is a felony, punishable with imprisonment in the state prison for 16 months, 2, or 3 years.

However, if a person is convicted of more than one grand theft auto offense, the punishment increases to imprisonment in the state prison for 2, 3, or 4 years and/or a fine up to $10,000. This enhancement applies to the following vehicles, as defined by California Penal Code Section 666.5:

Why can car dealership sell used car at a higher price than private parties?

Dealerships take in to account more things when selling a car:

•Most dealerships will perform an inspection of the vehicle as per the company's quality standards. The dealership's reputation is on the line if they sell a lemon, so it is in their best interests to inspect before putting up for sale

•Operating costs (land, rent, utilities, labor, etc.)

•Dealers fees including taxes, license, registration, emissions, and documentation fees.

Try to simplify the hassle by getting an Out-The-Door price (i.e. the total amount, not an itemized list of fees/prices).

Who makes 8 passenger cars?

Several companies make 8-passenger SUV and Minivan options, including the Honda Pilot, Toyota Sienna, and Saturn Outlook.

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