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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 do you start your Yamaha raptor without the key?

Drive a flat blade screw driver into it. Then turn screw driver to on position.

How do you repossess a vehicle in NH if you are a title holder?

Use a spare key and take it. Or call a row truck and show them the title. They can tow it and make you a new key. Or take your title to the dealer and they can make you a key. The car is in your name, they have no rights without a bill of sale.

How much is a motorcycle payment monthly?

There is no set motorcycle payment. It can vary greatly depending on amount you have to borrow and length of time you are going to take to pay it off.

Can you trade in a car you are currently financing?

Absolutely. The only issue will be how much equity you have in the car. In other words, if the car is worth $5,000 and you owe $4,000, you have $1,000 in equity. If the car is worth $5,000 and you owe $6,000, you have $1,000 in negative equity. Be sure to verify your pay-off amount before you begin to shop for a new car.

What can you do if the car dealership refuses to return your personal belongings after the storage fee was paid?

I live in MI. here you can get your personal stuff from your car anytime during storage. my learned opinion is that the dealer lost the stuff or it got stolen. in either case you will probably have to sue. In MI you can sue in small claims court and don't need a lawyer, however you will have to document (prove) what you lost - witnesses, pics, etc. I've known of people who have stood out in front of (on public property) dealerships with big signs giving them a bad image to get them to settle their claim. hope this helps. Why did you pay the fee and not get your personal property back?

What is the best used car buy?

It used to be the 1976 Toyota Corolla, according to Consumer Reports magazine. Being that data was some time ago, I would look in the latest edition of said magazine, which happens to be the Annual Auto Issue. Good luck!

What happens if a car cannot be found during a repossession?

If the security for a loan cannot be located, or it has been destroyed, or it has not been maintained well or for any reason the property is not sufficient to pay off the debt, the lender can use all other legal means to collect the debt. That generally means collection agencies, court orders allowing the seizure of other property or earnings, etc. If the borrower can be found to have intentionally been involved with the loss to, or of, the security, (or interfering with it's recovery) other serious even criminal type actions can ensue. Consider that your probably not going to outsmart the system. The idea that the borrower could do something to get rid or make the security impossible to find is not new or previously something not considered (or even tried by many). The law has made sure the repercussions are to protect the lender and the entire business of lending. Clearly, if that was (or there was) a way to avoid paying back a loan (something no one really likes to do), nobody would give loans!

Where can you find banks with reposessed cars?

Find out which banks and financial institutions provide car loans and ask them where there Repos go. They will usually end up at an auction somewhere.


Can car registration be put in different name than finance company?

Yes. The finance company is the lien holder, therefor they are the tilte holder. General you can put whoever you want on the registration.

You happen to have 2 titles to your car you have already pawned 1 title and will have it paid off in a couple of months but you need extra money now can you pawn the other title?

You cannot legally have two titles to a vehicle. You can have one, and a copy for security sake, however attempting to do what you suggest in your question could be construed as fraud or attempted fraud.

Who owns the car the buyer or co-buyer?

Whoever is listed on the Certificate of Title is the owner of the car.

Whoever is listed on the Certificate of Title is the owner of the car.

Whoever is listed on the Certificate of Title is the owner of the car.

Whoever is listed on the Certificate of Title is the owner of the car.

What does the law in the state of Virginia state about returning a used car?

The state of Virginia has a lemon law which is called the Motor Vehicle Warranty Enforcement Act. It covers shoddy vehicles, bad warranties in owned as well as leased cars. It's one of the strongest lemon laws in the country.

What is an example of signing over a car title?

When you sign over your car title, it is like getting a payday loan. You will have high interest and a short time to pay it back. They will give you more time to pay back the loan, because they have your car title and can repose it if you are late on your payments. Be very careful when using predatory lending.

Can you trade in your used car that you still owe on for another used car?

Yes, but only up to the value that is not currently owed on your existing car. You are still responsible for making the payments - unless it is specifically written that the loan can be assumed by anyone.

Trending Questions
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