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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 have a car loan in one name and title the vehicle in another name?
The loan originator might frown on that. The entity issuing the loan must be assured that the assignee is reliable. They issued a loan to that person. Placing another name on the title might make a case for fraud. That isn't generally the kind of trouble folks invite, even if there is a logical reason for desiring a different name on the title. If a vehicle is titled under another name, it strips the loan company of some or much of its assurance as to who they can go to in the event repossession is necessary. (They have to think in terms of "what if" to stay in business.) The particulars may be covered in the fine print on a loan contract. It's highly improbable that a loan company would even consider the request. The dealer from whom the title is transferred must abide by the loan agency's wishes since they'll be handling the paperwork and must represent the loan company (as well as the buyer) fairly. That dealer won't probably want to dance around a possible fraud issue. If a loan is granted for a private party sale, the loaning agency will take care of the paperwork and title will go to the assignee of the loan. (The latter might be the case when a credit union appraises a vehicle for sale from a private party and grants a loan to a member to purchase that unit.) As always, good luck.
I have found that you can add a name to the registration of the vehicle to allow another person to drive the vehicle. There is a difference between the title and the registration. You can own a car and register it someone else that includes vehicles with loans. As long as you are still the main registered owner the banks will normally not cause a fuss.
Update:
Answer: Yes as stated on above user, you can add someone to the registration so that person can drive the car but they are not allowed to be on the title of the car until the loan is paid off and the new owner who gave you the car to drive signs over the title over to the person who is driving it. I suggest you write up a legal document to make sure this person is making payments for you if he is driving the car for extended amount of time (If they are taking over payments that is).
How do you get a car title for a car that you dont know where the owner is?
In California you can go to the D.M.V. ( division of motor vehicles) and file a car abandonment. You will need the vin # which is 18 numbers for newer cars They will have you pay all back fees, up to three years.
In California you can go to the D.M.V. ( division of motor vehicles) and file a car abandonment. You will need the vin # which is 18 numbers for newer cars They will have you pay all back fees, up to three years.
If you have a vehicle repossessed will it go back to the dealer or will the dealer be notified?
Thats depends on the agreement between the lender and the dealer.
No once the deal is financed the dealer is out of the picture except for repairs etc.The process goes like this: Vol surrender will intail you agreeing to a time and date for a recovery company to come get the vehicle. In-vol repo the vehicle is picked up when it is found by the recovery company (repo man).The vehicle will be towed to a lot and store and cleaned for auction. You may have a opportunity to re claim the vehicle at this time by bring the account current depending on the lender. At aution the vehicle will be sold at wholesale and the remaining balance if any will be sent to a third party collection agency and collection efforts will begin against you. In some cases the dealer may have to pay for your default but that is pretty rare.
Can a vehicle with a Certificate of Destruction be registered in any state?
They can not in Tennessee
Can boat motors be repoed in Florida since they have no title?
I honestly dont know BUT they have a SERIAL number. Soo they can be identified as collateral for a loan and traced as stolen. Might be hard to find a serial number quietly to repo the rught notor.
Boats can be repossessed in Florida if the serial number (hull number) is listed as collateral on the loan documents. HOWEVER - If the motor and trailer serial numbers are not listed as collateral in the loan documents, those items might not be considered as collateralized.
Can you obtain an abandoned vehicle that is on public property?
Through the proper channels. Taking this vehicle is stealing. Contact the proper authorities for information on purchasing an abandoned vehicle.
When someone assumes your finance payments are you no longer responsible for the vehicle?
IF you transfer the title and loan out of your name you are not responsible. IF NOT, and they don't make the payments, or have insurance on it, YOU are responsible for all aspects of the vehicle as you still OWN it. the name on the title & loan is the responsible party.
You cannot make your car payements Can you turn your car in?
It may work, but it's not a sure thing. If your outstanding balance is greater than the current value of the car, the lender may want the balance from you.
How do you sell a car that is paid off but the title was co-signed by someone who is now deceased?
You must obtain a death certifcate and will showing that it was left to you , if the co signer left their part to someone else you must have an afidavit of heirship signed over to you and this document must be notarized.
Does the lien holder have the title of your car?
where payment cannot made directly to the supplier cheque are deposite in special bank account known as no line account
hot wire it and drive it without a title, that would be great.... partially answered my question, the car is not in canada.... its in new york
How much does it take to have someones name taken off your car title?
If the car is fully paid for, you get their notarized signature on the back of the title and re-register the car. If there is a loan on the car, you would have to refinance and the person would have to sign a quit claim. However, you can also call your local DMV to get the specific information for your location.
How do you write in a leavers book?
ok basically just say about any great and funny memories that you have had with that person, if you haven't had any memories just say that there a good friend and that your going to miss them after they have to go to a different college or sixth form, draw some pictures and definitely add a picture of yourself. That's what i did with all my mates leavers books
Car tag means your licence plates.Just slang for licence plates
Where can you find out if the car that was repossessed has been resold and how much was it sold for?
The LENDER keeps such records and will share them with you ultimately.
Is notification required to repo a car in Montana?
Im not familiar with Montana but the states that I am familiar with usually try several times to contact you in reguards to curing this before resorting to repossessing ,and yes most times they will tell you that if you don't contact them they will repo your car .However I don't believe they are legally obligated to do so since you did sign a contract when you purchased your vehicle that stated what would occur if you went delinquent, besides its a common sense thing just use your head that is what its there for any way.
Can your car be repossessed if you hold the title?
Yes, if you took a loan out and used your car as collaterol, then it can be taken away. If you own the title free and clear, then it cannot be taken from you. Only if you owe money on it or the previous owner owes money on it. If the previous owner has an outstanding debt on the car and sells it to you without you knowing about the debt then the car can still be repo'd.
you can not return a car with in any amount of time unless the sale was made away from the dealership i.e. at your house if there was fraudulent behavior you might point that out to the dealership thay may be willing to take it back in lue of a legal battle
Ask the towing company who towed it
If you have the paperwork showing that you paid for the vehicle you should be able to go directly to the Department of Motor Vehicles or whatever it's called in your state, and petition for the title. Altenatively, if they trustee refuses to provide title, you can sue to get your money back from the estate.
They will try to follow you. They can get the car without you there. They are not allowed into your home. They can't physically hurt you to get the car, and they can't make you get out of a car, if the car is stolen, they will put a report in with the police and when they run the tags it will come back as stolen. If you just missed one payment, chances are if you called and talked to them, they won't come after you.
This could go either way because it depends on the contract you signed. Generally, I would say yes, because it is not likely that they would have financed the newer car without some sort of collateral provision (meaning the car is collateral for the loan). Unless, you paid for the newer car in full and do not owe any money on it. In that case, I would say no they probably do not have the provision needed to repo your car.
Is it buyers or sellers responsibility to smog a car in the state of California?
It's the seller's responsibility
I have recently bought a car and i dont want it can i swap it for another car?
You should be able to - depends on the buyer/swapper and the condition of the cars.
How long does a car title take to come back in IL?
Being that all automobile titles are transfered downstate to springfield, IL... the typical auto title takes anywhere from 4-8 weeks to get corrected and shipped back to the auto holders location. Depending on your whereabouts, this process may take much sooner. Dont forget about how many titles they have to transfer, its a long process but very little work.
