Repossession

First of all if you believe you have purchased a stolen vehicle the first thing you need to do is secure the history of the vehicle by obtaining a carfax.com history report, you can do this by using the vehicles vin number, located on the driver's side at the base of the Windshield and dashboard. After you have obtained the history of the vehicle and you still suspect that it may be stolen; make arrangements with a Police Detective from your local Police Department to visit with him regarding this matter. Make sure you bring with you all the documentation that was provided when purchasing the vehicle i.e., you will need the Title, any receipts from the purchase, bank statements reflecting the loan you obtained for the vehicle and a detailed history of all payments made, you will need to provide the tag and registration receipts, current insurance information, and the contact information for the individual you purchased the vehicle from. If it was a cash transaction then you will obviously not have any of the banking information described above. If that is your circumstance then you need to bring the transaction receipt as well as the other items mentioned above. Usually when someone purchases a vehicle without needing to obtain a loan they use a cashier's check or money order and most likely will have to withdrawal the funds from their bank prior to doing this. Under these circumstances you need to visit your bank; speak privately with a personal banker and explain your situation, ask them for any documentation they can provide showing the date and time of the withdrawal and a receipt for the cashier's check or money order you obtained to purchase the vehicle. If you obtained the money order from a separate institution i.e., a Super Markey, Gas Station, etc...Etc... Then you need to visit that location as well and obtain the original Money Order receipt, most likely they will refer you to the company that provides the Money order and from them you will be able to secure a receipt. In the rare case that someone has purchased the vehicle using cash, then you will need to provide some kind of documentation showing when and where you obtained the cash and the money order or cashier's check receipt. I know it seems like a big hassle and I assure you it will be. You will have to provide allot of documentation to prove that you believed you were buying a vehicle legitimately. Carrying auto insurance and updating the tag yearly will help prove your innocence, people usually don't pay TT&L and carry insurance on a vehicle if they stole it or purchased it knowing it was stolen. DO NOT just go into the Police Department and say "I think I bought a stolen vehicle" you will be detained while your vehicle's origin is verified and then if it is stolen you will possibly be arrested and charged until you can provide the above mentioned documentation. Unfortunately as a Detective I have seen this allot and it's a real shame, you work hard to make your payments, you take care of it, love it, and suddenly it's taken away. You will never forget this; it is a life altering experience that will affect all future vehicle purchases from that point forward.

You should be sure to get at least what you owe on it. When the buyer pays you, send the payment to the bank, wait for the title, sign it over to the buyer and give him the keys.

When you receive money, be sure to sign a bill of sale (date, vin #, both names, and agreement to sell the car).

The same as the front speakers - Using a torx screwdriver to undo the screw in the handle and the one or two around the edge of the door card, and then its the same type of clip as on the front to pop out

More likely than not you have blown a head gasket or cracked a head. Major repair.

Generally you need to get your money back or sue for fraud. The seller of a vehicle must provide the title. End of story.

Depending on your state, the LENDER can get a JUDGEMENT and attach your "paid for" car(or anything else of value in your name) so when you sell it, they will get paid first.

The answer to your questions is NO ....Michigan law states that .....If there is a Lein on the car, due to the fact that the finance company lent you the money to purchase your vehicle, then they must sign off from the vehicle before someone else takes ownership.

Agreed. California law is similar. You must pay it off first. You can trade it in, but if what you owe is more than what you get for trade in, that difference goes on the new loan in addition to the new car you are buying, and the bank must approve that before the deal can be finalized

You must not have a garage. There are a number of ways, I wouldn't recommend any of them. It is illegal in most states, usually called something along the lines of "Hindering a Secured Creditor." In Texas it is a felony, I'm sure most states have similar penalties. Best thing to do is give it up when they knock on your door, they'll usually be nice and let you get your belongings. You can hide it for as long as you want but why keep a car you can't drive because you're hiding it? Also, the finance company will eventually sue you for the amount owed and get the car too, so you will be out a car and a lot of money.

If someone has a civil judgment against you, it is possible that your assets may be ats risk. However, the laws of most states also protect a portion of your assets. The types an amounts of property that you can protect from a judgment creditor will vary be state. However, it is usually not very cost effective for a judgment creditor to go after the debtor's car. Having a civil judgment on your credit history will make it more difficult for you to get a car loan. It will be difficult, but not impossible.

You can get one at any auto parts store.

Yes, if you fail to disclose all your assets, including any claims you may have for damages or equitable interests that are not yet "ripe," or if you answer any questions falsely or knowingly provide false information. No, if you mean can anyone fire you or discriminate against you because you filed bankruptcy. In states that allow employers to fire at-will employees for no reason, you can be fired. But if you are fired for filing bankruptcy, you may have a defense. Your credit score will be affected, but if you have to file bankruptcy, it probably is not very good any way.

you have every right to denie him as long as you sold it "as is" and had him sign the paper saying it

He will report it as a stolen vehicle.

ALL day long. They are also known for repoing when you dont get the rest of the DP in on time or any other condition of the contract.

You could break the tranny and would have to replace it.

Chevy 327 Small Block, or Chevy 427 Big Block for horsepower, being bullet proof, very inexpensive, lasts a lifetime. Just really personal opinion really. :)

heck if i know

Yes, the day you register it, you will pay taxes.

One thing to keep in mind is a lease, most new cars are allowed to finance more than the new car is worth I.E. our dealership can finance 115% of the new cars MSRP note that you can by a car well below MSRP there for hiding your neg balance keep in mind this is carried over into the next loan so you dont get out of it only refinance it

Answer

No, banks won't just let you out of a loan and take the car back, they wouldn't make any money that way. If you owe more than the car is worth, then it isn't worth selling or trading. You should pay off the car as soon as possible or at least pay it down to the value.

Consider refinancing for a shorter period through a credit union and make sure you are getting the lowest APR on the loan.

There are an additional two ways to possibly fix this issue: by getting a short term job to earn enough money to buy it down to the current value and by keeping the car in excellent repair and reducing the number of miles you drive it. Eventually the value will match.

In the future, do not buy a car with a loan that lasts more than three years, and consider a recent year used car. This prevents the new car out of the lot loss and you pay down the loan faster.

Yes.

In Washington State, if you buy a used car and it breaks in half after you drive off the lot, then you own both peices. In other words, anything the dealer does after that sale is a favor - they don't have to do anything for you or your car once the sale papers have been signed. This may be different in other states. If there is a recall on the car you are about to buy, don't buy it. They can sell you a car that has been recalled, they will try to sell anything to get your signature on a piece of paper that seals the deal. It is totally up to you to do your homework before buying because it is a "buyers beware" market for car lots. http://www.totalrecallinfo.com