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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 a car by the VIN if you do not know what state it is titled in?

bruh this wiki is horrible. you have vin on the door panel of the car. when you open the door on the side of the door there is a sticker on which you can find a vin, you have one as well on the windshield of the car on the drivers side in the bottom corner. if i am not mistaken one is under the hood and one under the body of the car as well. but you can never be sure if the car is stolen or salvage because there are professionals that can easily replace the vin

What is the best time to buy a car?

I am a buyer and have been researching this question. Here are my findings and most experts, bankers, salespeople... agree: if you are not particular but want a really good deal, buy last year's leftover models in early spring. Next best time is between Christmas and New Year when people are short on cash and the auto business is real slow. If you have to buy at any other time of the year, the last weekend of the month when salespeople have monthly quotas to meet and no time left. It is less expensive to buy a brand new car now, opposed to 2 or 3 years ago. Make sure to expand your search to find the car you want at the best price available!

Is there any legal way to sell a car still under finance without transferring the debt to the new owner?

Yes, if you have something else of value that the bank/credit company is willing to transfer the collateral to. This also may work if you are planning on buying a different car with the proceeds of the sale.

How to do a voluntary return on a car?

Basically you call the company you got the loan from and tell them you cannot afford the car and you want to voluntarely have it repo'd, they will walk you thru the rest

When a car is paid off can you refinance your car again?

The only bank I know of that allows you to do that is DCU which is a Massachusetts bank. So I know it can be done.

Can car dealerships sell cars at a higher price than the mrsp by manufacturer?

yes they can, and they would so that they can later lower the price when making a deal so they end up taking full price of the car.

Can there be 2 lien holders on a vehicle title?

Where I live the title can have Lien filed on it by anyone who has worked on or supplied parts for a vehicle.

Also liens can be filed by any bank or lending institution who can get you to sign a form using the vehicle a s collateral.

Can I buy an air car in Europe?

As of today, July 2009, no air cars are on the market yet. There is however a French company, MDI, that has its prototypes, after 15 years of research and development, ready for final tests at the Air France air line facilities this summer. Their first model, the Airpod, is expected to be massproduced from end of 2009 on, in France and Andorra and in 2010 in Switzerland and probably elsewhere also. Zero Pollution Motors ltd intends to build and sell MDI compressed air cars in the USA from 2010 on. Up to now, more than 50 licenses for local MDI plants have been sold all over the world. Tata Motors of India has bought early 2007 the rights to use the MDI engine for whatever purpose it chooses (in cars, as power generator etc...), but only in India. It intends to market a version of its Tata Nano with a compressed air engine, but has not put forward a date. Meanwhile, Tata Motors continues improving the air engine in cooperation with MDI engineers on a regular basis. You can find all information, models, pictures, videos, links and the latest news on http://www.aircars.tk

How do you find out if a used car for sale is being repossessed?

If you even suspect a used car that is for sale may be tagged for repossession, walk away. Do not get involved with this type deal. You may live to regret it. There are plenty of used cars for sale out there that are legit and do no present this type problem. No matter the price, walk away from this car.

Do you have to have 2 license plates on your car?

yes * It depends upon the laws in the state in which you reside. Contact the local office of the DMV to find out if two plates are required in your state.

Will a dealership make a key for your car if you provide the VIN number and ID you locked your keys in the car?

If you have the original set of keys that came with the car, there should have been attached a small metal tag with a code on it. That code will be required. However, if it is nowhere to be found, the dealership should be able to assist you with the VIN number, registration and your ID.

Where can you find free sites where you can get a listing of government tax auctions to buy a car?

First of all, you don't need to PAY for any auction informaiton. You can join for free many auction sites and they will keep you up to date on when the auctions will happen. Auction companies in your area have websites. Join their mailing list. It will be free to sign-up and receive announcements of auctions. If you don't know where to start, go to the National Auctioneers website - it is an organization that represents over 6,000 accreddited members in the USA. Our company, for example, handles auctions for the CITY of CHARLOTTE twice a year. We just had an online auction for the City of Charlotte for 29 of their vehicles. We are about the have an auction for them in September and there will be many vehicles for sale. OPEN to the PUBLIC! Absolute. The City of Charlotte develops very specific terms and conditions and provides a complete list of the vehicles, with VIN # and all. We post everything the City provides us to share with you. If you purchase a vehicle at auction (City of Charlotte, for example) you can take that vehicle home that day. The City/our company are very organized. So where to go for this information?

Our company's website is: www.rogersrealty.com (go to UPCOMING auctions) www.auctionzip.com - a great website The NAA (Natl Auctioneers Assoc) has a calendar of auctions, for example you could find auctioneers in your area or in other states (besides our website above) here is one for vehicles in Texas: http://auctioncalendar.auctioneers.org/consumer/auction/view/5516 Don't forget that there is a government website for auctions, as well, called: GovDeal.... Good luck AND DON't BUY any lists on auctions! These are all free. Make sure the auctioneer/company is reputable, LICENSED, and reputable.

How do i know if my car is in danger of getting repoed?

If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.

If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.

Can you get out of a contract for a new car if you paid in full but have not picked it up yet?

ussually the contract has an on delivery clause, so you might be able to get out of it, also many states have a multi-day cool down period where the dealership has to let you get your money back, you can always retain a lawyer.

How are car buyer different then car sellers?

A car buyer is actually the ones who will buy a car from a car seller.

If i need title for my car but it has a lien against it and the dealer is gone how do i get the title?

If you live in the United States, your state has an agency in the tax collector's office or department of motor vehicles that keeps those records. You should contact them. If they tell you to come in, bring your paperwork.

How do you read a car title?

At the very top of the car title there should be the state that the car is titled in. Then you will see the VIN number, the first date of registration, the price, make, model, year and the specific body style.

How many boats and cars have ever been made?

there have made over 600 billion cars in the whole entire world

Hope this helps :)

If you buy a car and sign a contract then the dealer says he made a mistake ont the contract and wants you to sign another contract can they do that?

No

This is called bait and switch

If there Representative signed the other contract don't allow them to change it unless there is a big big advantage for you. Get someone else to read it to make sure they haven't:

Made you 3 or 4 year payments 5 or 6 years

Increased you interest rate

Charged you for extended warranty, paint protection, under coating, fabric guard

That you did not ask for!!!!

These are common scams

Some dealers will write a contract based on 0% interest for a certain time and find that they can not get that deal even though they have a signed contract giving that deal.

Don't back down, they either give you a better deal or don't let them change things!!!!

How do I Obtain a court order title in Ohio?

You really need to hire a lawyer to help you do this. A lawyer may charge you $500 but will likely save you money, because you may otherwise spend money on court fees and be turned down.

How does a stern drive work?

It is a fairly basic transmision. A locking mechanism (clutch dog) is moved by a cable amd a lever to change from forward gear to reverse, with a neutral inbetween. It is linked to the throttle cable so you can't jam it in reverse while the engine is at full rpms.

Do license plates go in the front of you car?

If you live in a state that issues only one plate, it goes on the rear of the vehicle. If you live in a state that issues two plates, one goes in the rear and the other one goes on the front.