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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 writing on cars considered vandalism?

Well, if it's not your car, and you do not have the owners consent, then yes, it is vandalism. You could write on your own car or a car of someone who has given you their consent. In Washington, the answer is "yes", as shown below from state law. Note bolded areas in (1) (b) = Malicious mischief in the third degree. = (1) A person is guilty of malicious mischief in the third degree if he or she:

(a) Knowingly and maliciously causes physical damage to the property of another, under circumstances not amounting to malicious mischief in the first or second degree; or

(b) Writes, paints, or draws any inscription, figure, or mark of any type on any public or private building or other structure or any real or personal property owned by any other person unless the person has obtained the express permission of the owner or operator of the property, under circumstances not amounting to malicious mischief in the first or second degree.

(2)(a) Malicious mischief in the third degree under subsection (1)(a) of this section is a gross misdemeanor if the damage to the property is in an amount exceeding fifty dollars.

(b) Malicious mischief in the third degree under subsection (1)(a) of this section is a misdemeanor if the damage to the property is fifty dollars or less.

(c) Malicious mischief in the third degree under subsection (1)(b) of this section is a gross misdemeanor.

If you have cosigned for your mom how can you get your name off of the car?

I assume you mean how do you get your name off the car LOAN! The only ways to do that would be to either pay off the loan or have your mom refinance it under just her name (or get someone else to cosign THAT loan)

What is the penalty for giving a new car back to the creditors because you can't afford it and really do not like it?

Your credit score will go down. Answer. This is known as a voluntary repossesion. It is not very different from a involuntary repossesion. You will ruin your credit score and also will not be eligable for other auto financing anytime in the near future (if you do get approved for another vehicle in the next few years it will be at a ridiculous intrest rate... Like 26%) the best bet is to talk with your dealer to try and back out of the deal or to sell the vehicle you are dissatisfied with. Your credit history will probably indicate a reposession..this lasts for at least 7 years. The creditor may also sue you for any defeciancy balance once your car is sold at auction. It can be very difficult to attain auto financing once this happens.

Can the finance company repo your car when you have a title that says there is no lien holder?

This answer is for the last statement. I don't believe you have to turn the car over. They signed you up for a UNSECURED loan. Which means they required no collatoral. They want you to take the title down and add them as leinholder since they found out you bought a car with it. That way they have every right to take it and sell it for what it brings at an auction and your stuck paying the rest. If it were me, I would NOT add them as leinholder and fight the fact it was unsecured, not secured. The loan you took out was just like any other non secured loan, if you fall behind yes it will report negatively but catch it up when you get your money. Everyone falls on hard times some companies understand that and give you what they call a hardship. That is where they drop the interest down to 0% for usually 6 months for temporary instances or 0% for the remainder of the loan if you have a long term hardship. This also reduces your payments sometimes up to 55%. Either way, they are NOT the leinholder, keep the reciept where it shows you paid cash even though it was the blank check they sent. You could have bought whatever you wanted with that. Do you think they would be trying to take clothes back or furniture? No. It is something they feel they can get money back on and trying to trick you into doing their job for them. What you have yourself is a conventional loan. A signature loan. A non secured loan. Make sure with the DMV that there is no lien. If there really isn't. In my opinion it would be plain stupid to go and add them as lien holder, you might as well say here take the house too. NO WAY!! I know a little about secured and non secured loans. I had the same problem once, I had taken out a loan and bought a car. The finance company kept calling me when I fell behind. One day I was talking to them and MADE THE MISTAKE OF SAYING MY CAR...AUTO...I NEED MY CAR .. I'LL PAY ASAP...BLAH BLAH BLAH. She then got quiet and finally said, so this is an auto loan. Coming to my senses real quick I thought, they don't have it in their system as it being auto secured. It's just a regular loan to them. So I said, no it shouldn't be , why is it showing up as auto loan. She said NO. I had a car , with a title and the finance company had somehow given me a non secured loan. Since it wasnt auto secured, there is no auto for them to repo. see. Like I said, this is my opinion and I could be wrong and there could be some lawyer to read this and freak completely out, but from my experience and not to mention , years later I ended up working for this company, I know a little on how this works. No auto secured loan, no auto reposession. Good Luck.

The best way to find out is QUIT PAYING THE NOTES.

Turns out they weren't supposed to, and that we got the car back. They couldn't sell it without the title and with the title having no lienholder on it.

I had to stick to my guns though. They tried to give me crap about it for two weeks. I kept telling them to go ahead and try to sell it with me holding a clean title and that they were only piling up the storage fees I wasn't going to have to pay and they were.

I kept calling everyday and asking for the supervisor, who eventually spoke to me, realized they shouldn't have repossessed it. I paid them the balance because it was a small amount, and they waived (or ate) all the repo fees, storage, etc.

So they got most of their money. I got my car back. Rare happy ending, I guess.

Banks ect. DONT make mistakes but the humans who run them DO make mistakes. Its great when they will admit them and make it right. Congratulations on getting it resolved.

I've asked a few lawyers that and they don't know! I took a loan out online for People's First. They sent me a black check, which I wrote out to the dealer. My contract with the dealer states that I paid cash. I received a title that states there are NO lienholders. Two years later, I became ill and unable to work and fell behind on the payments. Oh yes, I was notified a month after I purchased the car that the loan is with Capital One. I didn't know that at the time and did not want to deal with Capital One. This info was never disclosed by People's First which is owned by Capital One using another name. Over 217,000 web sites all pertaining to complains from customers about Capital One. Horrible company. Capital One sent me a letter two years later when I fell behind, stating that this loan needs to be secured and I have to take the title to the DMV and put them on as lienholder for which I would have to pay a fee of $40.00. So they told me this is an unsecured loan. They have been trying to repo the vehicle. Again, 2 lawyers cannot answer since this is something out of the ordinary. I have called Capital One since I am to start receiving disibilty in two months. I told them I would pay all the payments and interest back at that time. I was only asking for an extension. They were so unwilling to work with me and wanted me to turn the car in now. Anybody know an answer to ths one? Can they repo the car and sell it at auction with me holding a clear title? What are the rights of Capital One selling a car without the title or them listed as lienholder on the title? My insurance company does not have them listed as a lienholder either. I told Cap One if the car is taken, I will not attempt to get it back. My lawyer told me if I then file bankruptcy, the loan will be discharged. So since the car will sell at auction for less than the loan, Cap One will eat the loss. This could be a loss of $10,000.00. So why aren't the lenders willing to work with you? I was not late on any payment for two years until I became ill. I am trying and promised to pay everything back but they don't want to hear it and will not grant an extension.

Can a cosigner have a boat voluntarily repossessed?

NOT unless the payments are delinquent and the cosingnor has POSSESSION of the boat. Call the Lender and work it out.

How much money can a car salesperson earn?

This depends on where they sell, what they sell, and how much they sell. I know people that sell American made cars that make 60-70,000 a year and I know people who sell imports that make up to 200,000 a year and forget about people that sell planes and boats, they live large...
a quarter, two cookies and a pat on the back.

What is the legal age to own a car in Missouri?

In theory, anyone can own a car, even a newborn child or a corporation that was formed yesterday. The real question may be: Whose name can it be registered under?

How do you get a license to sale cars in California?

The first thing you should do is attend the dealer class from a DMV approved education provider. You can get the list of the schools by going on DMV's website. In class you should learn everything you have to do to become a dealer, along with learning the rules and regulations as required by CA DMV. That in turn will also prepare you to take the test at DMV. The classes are currently around $125.00 and must be a 6 hour class.

How do you fix car speakers?

there will be 2 wires one black and one red

so jst connect them to your music system and enjoy listening to songs

Can i trade a car with a private seller even though my car is not paid off?

As the owner you can sell the car any time you wish as long as you pay off any existing loans. If you sell the car for less than the total loan, you are liable for the difference. Your lender should have a process for individual-to-individual sales. Often this can be done at their location and they will accept the buyers money as payment on the loan and provide you the title (or lien release) so that you can turn it over to the buyer. Check with your lender.

What if you dont want your car back from the impound lot?

Leave it.

The impound lot will probably sell it if you, the owner, don't retrieve it in a certain amount of days.

(They won't come looking for you)

I had a college friend whose car broke down at a 7-11 store, they towed it, he just bought another vehicle and was glad to be rid of the old one!

How do you get a temporary license plate?

print one out on your computer but have a bill of sale handy.

What is the difference between a fresh air intake and regular intake on a vehicle?

The difference between a fresh air and a regular intake on a vehicle is the location of the inlet. Fresh air uses and inlet at the extreme front of the vehicle, while a regular intake can be anywhere and pull in heated air from the engine.

What is the most important part of a car?

I would say the dashboard and the engine.

What, you don't know what a dashboard is? Well, the dashboard is the panel that's right in front of you when you drive. It got the odometer (how much you drove), the speedometer (the speed at the current time), the fuel gauge (how much gas you got left) and the temperature gauge (if you need antifreeze or not). It also has jacks for MP3 players, and these stuff.

The engine is important too. Without it, you can't move! But then...without the gas tank, the engine wont start...

And the seats...they are real important. And the doors. The seatbelts too. Oh, and the airbag.

Tough decision. What would you say? Write on the comment page to let me know.

If you bought a car two months ago and have not received the registration yet and the dealer says you owe 200 dollars more for DMV fees what is this about?

I don't know but if it were me... I would ask the dealer for an itemized statement of the DMV fees owed and the amounts already paid, if they won't give you one, call the state Attorney General's office and ask for consumer help. If they give it to you, and it still doesn't make sense, try taking it to your motor vehicle department and see what they say. It might get sorted out really fast if you start asking for things in writing. =)

If your husband left town with a truck that is titled in his name can you take the truck back if he is not making the payments?

IF your name is on the title as co-owner as in (husbands name and/or your name) OR if you are the leinholder, you can take possession legally. Otherwise you better get to talking sweet to him and get possession if you are only a co-signer on the loan. Better yet, make contact with the lender and try to work it out so you dont get a repo on your CR. Good Luck

What does 1.2 liters rated on a car means?

Liters is a description of the engine size or displacement.
Wikipedia has this description
Engine displacement is defined as the total volume of air/fuel mixture an engine can draw in during one complete engine cycle; it is normally stated in cubic centimetres, litres or cubic inches. In a piston engine, this is the volume that is sweptas the pistons are moved from top dead centre to bottom dead centre.

How do you find the codes on a 1995 Volvo 940 without going to a car repair shop?

Buy yourself a haynes auto repair manual for your car; make sure you look for the year and model. Usually trouble codes in haynes manualsare in chapter 6.

Is it better to buy or lease a car?

Hi. My name is Daniel I'm a car sales man in the Auto Mall, i really think its better to lease if you like to change cars every 2-3 years and get into new ones.

BUT i would also have to say buy, if your looking to own the vehicle for a long time...

beware---- if your credit doesn't allow you to lease.

a loan will not be such a bad decision, however you could always trade out in 2 years for a new car....

IMO, it is better to buy a 1 or 2 year old used car with low mileage. Get a certified used car if possible. Some Certified used cars have a better warranty than a new car. Let someone else eat the depreciation, not you. I would never, ever, lease a vehicle.