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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 would you find out the name of a car owner in the UK from only the make and registration?

Generally you can't. Normally only the police can have this information. There has been a big fuss recently as the DVLA has been selling the names and addresses on its database.

Can you unilaterally sell a car if it is titled as joint owners?

That would depend upon state laws and how the car is titled. Generally if a vehicle is titled "John Smith and whomever" then the vehicle can only be sold if both agree or by order of the court. If the title reads "John Smith or whomever" the car can be sold by either person. This would not apply in some instances, some examples...pending divorce proceedings, legal action by creditors, or probate procedures, etc.

When is an auto considered totaled by saltwater?

When the cost to repair the vehicle back to good condition exceeds 75% of the value of that vehicle in good condition it is considered "totaled".

What is ASR in a car?

It should mean "Automatic Supplemental Restraint" system.

On a Dodge Sprinter it is anti skid reduction. (traction control)

How do you get an abandoned car?

Do you mean how do you buy an abandoned car or how do you find an abandoned car?? You can buy an abandoned car thru a car auction...find the nearest place by googleing for a auction house nearest you or calling some used car lots if there is not a listing.

How do you find an abandoned car?? First call the police and file a report. They will give you the name of one or two (if not more) towing companies that picked up the cars and store them. You can call around, find the car and go redeem it. Good luck!

How do you align a car door?

It depends on the door and the car. Some use specially designed shims, others slide and are adjusted by loosening the mounting bolts while others still are carefully "bent" as needed to adjust the door.

Can you sell a car to a dealership if you still owe money on the car?

Yes, Because then they would be responsible for taking care and paying for the car.

The slang term "upside down" refers to when you owe more than the car is worth. If you sell a car to anyone (including a dealership) for less than you owe you would be the one responsible for paying the difference. The dealership will verify with the fiance company what payment is required to release the lien.

For example if you owe 10,000 on your car and the dealership will give you 9000, you would have to pay them 1000 to take the car. If you're trading in the car, then the shortage can sometimes be rolled over into the new car purchase.

Do you need a driving license to buy cars at police auction?

No!

You can buy any vehicle you like from a police car auction however you will need a licence to drive the vehicle on public roads.

Either arrange transportation or someone with a licence to remove the vehicle from the police auction

Is there a form giving permission for a repossession of a vehicle?

Well, yes, there is. It is called the loan or finance agreement you signed when you got the loan for the vehicle. When you sign that, you give permission for the bank to repo the vehicle if you don't make the payments. Unless you are talking about a "Voluntary Surrender", if that is what you are talking about, just call your bank and they should have one.

In Pennsylvania can you repossess a car that is titled in your name if the person has made car payments but has several parking tickets that are also in your name?

It depends upon the exact wording of the title of the vehicle and if there is a written contract or a witnessed verbal agreement concerning the terms of the sale. Generally the title holder can recover a vehicle under such conditions. The best option is to obtain legal advice before taking any repossession action.

How much for Scrapping your car?

Very little. You should "donate" it and take the tax benifits. Everyone wins.

If your battery is overheating and you can smell acid what should you do?

Stop driving until the charging system and battery have been checked for an overcharging condition.

Where do the cars with the letter 'I' come from?

Cars displaying the letter "I" come from Italy.
The international vehicle registration code for Italy is 'I'.

Sold a computer to a friend and they were making payments but did not make the last payment Can you take the computer back and just give him his money back?

You could do that, or you could take it back and not give him money back. That is rental fee. Ask the friend how would they like it if you were to do the same thing. A lot depends are your relationship with this person. Will they willingly "give" back the computer? You can't "take" it back. Legally, your only recourse is to sue civilly. Be prepared with all your paperwork showing payments received or not received, copies of receipts written, the whole nine yards. Don't take the law into your own hands.

How can I sell a car for parts without title?

You can take the parts to a scrap yard and sell them. You can list them in your local paper's classified adds. You can pile them in a heap on your driveway or front lawn with a big "For Sale" sign on them.

The problem that you have is that it may not be legal in all jursidictions of the US.

Here's the thing, aside from a few parts with the VIN stamped or cast on them, there is no way to identify what vehicle the parts came from. It could be chancey, but I suspect the law enforcement in your area is no different than anywhere else. They either have bigger fish to fry, or they are distracted by their own desires.

In Texas can you return a used car the day after you bought it?

In Texas, you can return the car within a timely period. It does vary depending upon problems with the vehicle, but not just because you want to. Texas hold a "lemon law" prohibiting sales of vehicles that do not meet state inspection standards.

The great state of Texas has a 3-day "cooling off" period for ANY purchase contract, for ANY reason. You most certainly can return the car and cancel the whole dang deal, if you want to. Most states offer some type of consumer protection, similar to this. Check with your state's Attorney General's office and look for the consumer protection links.

I'm afraid Cindy is wrong: here is the law relating to the "cooling off" period.

The BBB notes that, under both Texas and federal law, there is a "3-day cooling off period" that applies to certain contracts, but not to all contracts. Some important points:

Generally, the 3-day cooling off period applies to contracts signed in the customer's home - not at a company's place of business - for consumer goods worth $25 or more. If this cancellation period applies, it should be stated in the contract. To cancel a contract under this provision, mail a written notice of cancellation by midnight of the third business day after the sale. The written notice does not have to be received by the seller within three business days, but must be postmarked within that time. While a customer may choose to call or fax the seller to notify them of the cancellation, the phone call or fax does not cancel the contract - only the written notice does. The customer does not have to give the company a reason for the cancellation. The seller must refund any deposit or down payment within the time stated by law. While neither the Texas Attorney General's office nor the Federal Trade Commission can provide individual legal advice, both offices offer consumer publications with tips on contracts. Contact the Office of the Attorney General for its publication "Door to Door Sales" at www.oag.state.tx.us, or call 1-800-252-8011. Contact the Federal Trade Commission for Facts for Consumers on the "Cooling Off Rule" at www.ftc.gov.

Can a repossession be legal with no notice if an extension was made on the payment?

Not knowing what state you are in...YES it can. Few states require "notice" if you are referring to "right to cure". None require NOTICE, we are goona repo yo ride. Notice is when they bug you for 60 days wanting to get you to pay, answer the phone, quit pretending its a wrong number,ect. IF you were in default of the contract, they can repo, even ONE day late, IF they want to.

If you gave your son a vehicle and put yourself as a lienholder on the title can you legally repossess it?

Do you have a contract or agreement that says he will repay you? Has he breached that agreement and is he in DEFAULT of it by not paying? If so, yes.

(General rule for the future: Have your child sign a contract for any money you "give" him, like any lender would do.)

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