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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

Can you return a car lease 1 week later if it was a dealer demo?

The dealership and the lien holder may be one and the same entity. In either case, you need to make arrangements with the dealership to accept the vehicle and repay the funder of the loan (either themselves or another finance company). Most likely this will require legal assistance since, once the contract is signed, the onus of making payments is on your shoulders. Good Luck

Who owns Land Rover car company?

1n 1948 It used to be owned by rover then it went to BMW then ford but recently TATA, an Indian Company boght both Land Rover for 1.8 bilion and Jaguar that's why the range rover supercharged is th ejaguar engine

So now Land Rover and Jaguar are Owned By TATA

Do repo people drive by occasionally to catch the car at home or do they knock on the door?

Not dodging the question, but a little of both. It depends on the info they have available about the account, their workload and other factors. Some lenders specify NO CONTACT with the debtor.

How do you trade in a car you still owe money on?

Dealerships have 2 tactics they will use on you when you go to trade the car in. Either they will offer to buy your car for what you owe on it and then you end up paying more for your new vehicle OR they will pay you blue book value for your car (whatever it's worth at the time) and give you a fair deal on your new vehicle. Best bet: sell your car person to person, then use that money to pay off your loan and get the title to sign over to the new buyer. When that deal is done, shop around for new vehicles. Trade-ins are almost never worth it. You are always going to be upside down when you come away.

Can you locate a car you used to own using its VIN number?

You can't. You can get a carfax report and it will tell you what has been happening and where it has been registered, but you cannot locate the car owners address.

How do you verify a veterinarians license in the state of Florida?

You can search veterinarian licenses online at the website operated by the Florida Department of Business and Professional Regulation (myfloridalicense.com). Click below to go directly to the licensee search. https://www.myfloridalicense.com/wl11.asp?mode=0&SID=

How does the brake vacuum system work on a 1963 Chevy Impala If I push on the brake pedal I hear a hissing sound inside and the car stalls out?

If you have a power brake booster then there will be a vaccum line that runs to the brake booster on the firewall from the carburator. Check the booster for holes and broken fittings or buy a new booster. if no brake booster then brakes shouldn't affect vaccum

Can you turn a car lease in early?

Depends on verbage original contract, but you may be held liable for the balance remaining on term.

If you need to exit a Car Lease in the UK the early termination costs can be extremely expensive, some companies want the full lease paid off, others want 50%, but it can vary a lot as there is no consistency. As an alternative you can consider novating the lease (getting someone else to assume it ie take the car off you and take on the remaining payments). It will be stipulated in your contract if you can do this, under terms such as "Novate", "Assume" or "Transfer". The finance company lending the money to fund the car lease will be the ones who actually transfer the lease. After transfer you can still be liable if the other party breaks the contract, so you much confirm this so you understand before doing so.

This will still cost a few hundred pounds but can be a lot cheaper. For example if you have £300 pcm to pay for another 20 months and no longer need the car, this could be a total liability of £3,000 to £6,000. You might be able to transfer the lease for around £300-£600.

What happens if you sell a vehicle and the new owner never registers the vehicle?

Sometimes it is tough and I am guilty of it myself. Once you get rid of something or sell something, it is their responsibility and it shouldn't be a concern as it is out of your hands.

How do you find an old car you used to own if you have the VIN?

If the car is still in state and the owner has not opted out the state can run the VIN and tell the current owner. In Kansas it's the Dept. of Revenue that does it, it may be another branch in other states.

Motorcycles have the right of way?

Not exclusivley... ALL vehicles on the road SHARE the same right of way (ROW). If the motorcycle is in a position where he/she has the right of way, then it must be observed just like it were a car or truck.

When can shops charge for Storage fees on motorcycles?

A Motorcycle shop is trying to charge fees on a bike that is not repaird yet ? What are the rules and regulations on storage fees ?

Is it possible that if someone buys a car and then gets it repossessed while still owing money on it for the people you bought the car from to sue you?

yes, unless they get the balance owed. If not they will sue for the remaining balance between what is owed and what they get from the resale.

What can you do if you bought a used car from a private owner and it broke down in less than one hour?

First, you should call the person that you bought the car from if you haven't already. Just tell them what happened and you want your money back and you'll give the car back, end of deal. If they aren't willing to do this, which I think most people will be, then you'll have to seek further as to what to do.

How can you find out if a car you want to buy is stolen?

Is there a TITLE to the car? If not, RUN the other way. Ask a policeman to run the VIN.

How can you trade a car when you owe more than it is worth?

You can't really trade it without staying in the hole. You can go to a car lot with about 8000.00 dollars and trade it but if your buying a new car that's 12995.00 and you trade a car you owe 9995.00 on they will just add the amount you owe minus what they give you for the car, which is usually nothing and the rest will be put on your new loan. You will owe 3 times as much as you did. The only way to not have the car is to let it go back, but agin that's a repo... I recently had to do that and just bought a car for cash. No car note..that's the best thing. The repo will hurt your credit, but as far as getting another car, you can after about a year and a half.

How do you sell a motorcycle with a lien?

You will need to pay off the lien first, or arrange with the lienholder to be able to make a sale.

How do you find out where your used car came from?

If you go to carfax.com it will let you enter the vin number and you can find out about the previous owners, accidents and or repairs. It will cost about 20.00 dollars though.

When is the best time to buy a car?

The best time to buy a car is at the beginning of spring because it is easier to take care of when there is no snow. If you live in the south where it never snows, you can buy it anytime during the year.

when you get you income tax.

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