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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 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.
How do you put a car title in your name?
The person who the title is assigned to needs to sign the title over to you. You will also probably need a bill of sale to transfer ownership and there will need to be a dollar amount, so you can put down $1 to keep the taxes down. However I would call your local department of motor vehicles to see if you can transfer the title without a sale.
Can anyone purchase a used cars at a car auction?
yes and no
Most car auctions are dealer only auctions and require you to be a licensed car dealer to attend and purchase vehicles. some, however, are public auctions. Those tend to be more hype than anything else.
How do I buy a car when you owe on another?
Sometimes a friendly dealer will pay off the other car that you still owe on and take it in trade. If not, you have to make payments on both until they're both paid off. If the dealer takes your other vehicle in trade at a price less than you owe, you are responsible for paying the balance of the principal. If you want to buy an economy car and you now have a big SUV that the dealer doesn't want to take in trade, you have my sympathy. In that case, you have to try to sell the vehicle yourself that you don't want anymore at the best price you can get for it. Again, if it's less than your payoff balance, you must pay for your new car plus the remaining balance of the old one.
Can lojack be used for vehicle repossession?
No they can't. It is strictly a service to recover vehicles that have been reported stolen.
How can you buy out a leased car when the lease expired and car was repossessed?
When a vehicle gets repossessed it either goes back to the dealer who leased it, or, and more commonly, it is auctioned by the reclamation company.
You would need to attend one of these auctions to be able to bid on one, and even then, a lot of times you have to be a licensed dealer to participate.
Check on the local regulations and restrictions on the auto auctions in your area.
What are the legal steps to open a new company that does general repairs?
There are certain legal steps that you need to take when starting any small business
If the bank repossess your car do you still have to pay your car payments?
NO but why would they repo if you are making payments.
You don't still have to continue to make payments, however, if your car is repossessed, normally the finance company will sell the car and you owe any deficiency balance. In other words, let's say you still owe $5000 on your car and the finance company sells the car at auction for $4000. They will eventually contact you and you will owe the $1000 difference.
it should be attached to the lug wrench in the trunk. if not,go to the dealer, we have a universal set that can remove any factory style locks. have them remove the locks and replace the set with a new set...and dont lose the key this time!
I would not buy it unless the seller can prove that there is not a lien against it and that he has the legal right to sell the bike. If he is selling it with a Lien against the title, you will be unable to take ownership until that lien is paid off by the original owner. This is a huge, huge, huge hassle that you will not be able to win unless you are willing to put a TON of time and monetary resources toward. In my opinion, not worth it... move on and get a bike with a legal title in the sellers hand.
An individual who purchases a vehicle jointly with a Buyer, and is jointly liable for repayment of the loan.
You can call your insurance agent to make sure, but if you're driving it and have a bill of sale, you should get insurance coverage. Better safe than an expensive ticket, court costs, and (in some states) very high state-run insurance for a year!
Can you tow a 1994 Geo Tracker 2WD?
No, it as a design feature that Geo incorperated into its design. The only way to move it is either on its own power or with black magic...Not the tire shine, actual Abra ca-dabra stuff. Good luck.
How can you add a person to a title if not married?
It depends on what kind of title you're talking about. Anyone can be added to a car title, regardless of whether they're related or married. what about adding someone to my home's title as co-owner?
Should I Finance or lease a car?
If you use a car mostly for business, the lease expense may be tax deductible. Sales people often use this deduction. But mostly the car company and the bank always win. Once you drive the car off the lot, it's value has depreciated. Usually you have to pay an upfront fee. Leasing a car is like renting: you pay a lot of money and you end up with nothing. You return the vehicle after 3 years, and they sell it to someone else. Better off buying a 2 year old car w 40,000 miles on it.
Can i return a car in Ohio after ourchase?
Can i return a purchased car in the state of Ohio and how long do i have to do so
What happens if they cant reposses the car on a unpaid title loan?
You will need to resolve this as quick as possible. Repossession will happen eventually unless you take care of the situation. Eventually, you will be court ordered to give up the car, or face charges.
Can you still renew your drivers license if you owe the lender due to repossession?
Yes. The DMV (Department of Motor Vehicles) has nothing to do with whether or not your vehicle was reposessed (nor do they care). This will, however, affect your credit and ability to buy another vehicle.
Did Georgia have cars and carriages back in the 1900s?
Which Georgia, US or Europe? In any case, yes. Cars were invented in the 1800's, but did not come into common use until after the First World War ended in 1918.
How can you get into the repossession business in northeast Pennsylvania?
Call some of these companies. Be prepared to start out at the BOTTOM.
- International Recovery Systems, Inc - Collingdale/Philadelphia, PA This Agency has submitted a 'Certificate of Insurance' Phone: 610-534-0404 Fax: 610-534-1555 Cover the states of PA, MD, NJ, and DE.
- American Lenders Service Co. - Scranton - Dunmore, PA This Agency has submitted a 'Certificate of Insurance' Phone: 570-655-3699 Fax: 570-347-4913
- United States Auto Recovery, Inc - Trenton, NJ This Agency has submitted a 'Certificate of Insurance' Phone: 609-695-1003 Fax: 609-656-1707 Cover South New Jersey, Philadelphia and Lower Bucks County
- Wheeler Associates, Inc. - Mechanicsburg, PA This Agency has submitted a 'Certificate of Insurance' Phone: 717-554-7532 Fax: 717-796-1952 Serving Central Pennsylvania in the 717, 570, 610 area codes
- G.A.S. Auto Recovery - Philadelphia, PA This Agency has submitted a 'Certificate of Insurance' Phone: 800-362-1171 Fax: 215-855-5815 We serve the entire state of Pennsylvania and KRS - Tyrone, PA Phone: 814-684-0239 Fax: 814-684-0238 cover the entire state of PA.
- Halfmoon Towing - state college, PA Phone: 814-235-2869 Fax: 814-692-8571 Covering all of Pa. Pro-Tech Recovery - Philadelphia, PA Phone: 215-624-4780 Fax: 215-624-8470 Covering all of Philadelphia and eastern PA.
- Kreis Adjustment & Investigation Service - Selinsgrove, PA Phone: 570-374-8950 Fax: 570-374-8958
- Chappell Recovery Service - Ebensburg, PA Phone: 814-472-4788 Fax: 814-471-9620 Serving most of Pennsylvania.
- D & D Adjustment Company, Inc. - Morrissville, PA Phone: 215-736-2970 Fax: 215-736-2976 Serving PA, NJ, DE, and MD..
- All Star 24 Hour Towing - Allentown, PA Phone: 610-791-4317 Serving north-eastern Pa.
You are not a guardian who can choose to allow a minor to take a loan, nor able legally co-sign a loan with a minor.
NO. Lenders PAY folks to think like that and create ways to stop it from happening. LOL Good try but no candy.
Can you sell the car before they repo it if they are alraedy saying that they want to repo it?
No, the car has a lien on it. You cannot legally sell without a lien release from the lender. Be careful, you will get into serious trouble trying this. You can sell the car if the lender agrees but if they are trying to repo it i doubt they would agree to a sale at this point.
