Repossession

yes you can but ou will still have to pay the outstanding balance so you might as well keep the car and pa for it

When you buy a used car off of a car lot and they do not fix what is wrong with the car and it quits completely. Can a person back out of the deal and get their money back. And it has not even been a month when the car quits compeletly. What are my rights in this matter.

Residual. This is the difference between the price of the car and what you have all ready paid. Let's say the car price was 30,000 and you paid 15,000 with the lease. You still have a 15,000 balance so that is what you will pay to keep the car. If you don't the dealer will resell the car for that and a bit more to make the money out of the car. Take the car for a check up to your mechanic before you turn it in so the dealer can not say you have to pay for repairs. I had a dealer try this and he wanted to add several hundred to the cost of the car above what I owed. The week before I had it in and checked out and that was the only way I could prove the dealer was trying to cheat me.

I have sold two cars with owner financing. In both cases, I collected 15% & 10% as a down payment and charged 20% & 24% APR respectively. I structured the deal so that I was able to make my initial purchase price through their initial their down payment and 18 monthly payments. However, the term of their loan was 30 months, so I was able to collect a full year's worth of payments as pure profit. You have to understand that you are doing this to make a profit of 50% more than what you would normally collect by selling for cash. If the numbers don't make sense then don't do it. But if the numbers are there, and you don't have anything to lose then why not try it. Anyone that tells you its a bad idea are speaking from FEAR and not from FINANCE. I used a Automotive Loan Servicing company to collect payments for me. On my second deal, they even offered to by my note but they only wanted to give me 70% of the note value. In addition to handling payment, they checked the status of insurance every quarter. But I later learned that you can send a directive to the insurance company to notify you if they ever lapse. Then you have grounds to repossess but it has to in your Retail Finance Agreement. There are a lot of people that can't get financing for a decent car. You can provide financing for a vehicle and net a good return on your assets. And...

Anytime you arrange owner financing, then you are earning income that taxable to the IRS. So, obviously it is important to understand that you have to both report and pay taxes on the interest that you've earned. Although I have a personal accountant, any tax preparation firm can prepare a 1099-INT for you to report the interest portion of the payment that you receive. By charging the buyer interest, I acted like a finance company so I paid tax on the interest income. It's no different than paying tax on the earnings of a stock dividend.

Almost certainly the answer is yes. You'd need to check the law in your area, but you've pretty clearly defaulted on the terms of the loan and generally the lienholder doesn't have to be as nice about it as this seller has already been.

Not only that, but the seller has every right to charge you the difference between the amount remaining on your loan and the fair market value for the vehicle (if they sell it at a used car auction, the FMV will normally be whatever they get for it at the auction).

A car note is a car payment...paying a portion of money you and the dealer agreed on the car you bought.

It depends upon the sticker price of the car. The more expensive the car, the more money you pay for tabs.

all the other colors are absorbed and red is reflected

How can I register my car on cregslist

1) Contact the DMV in the state you last owned the vehicle and run a title or registration search. This costs money. 2) PublicData.com can look up the vehicle by license plate or VIN number. I have found the new owners of several of my old vehicles because I still had the VIN numbers memorized/written down. The license plate search only works in states where the plate stays with the car when sold, like Texas. This costs money also. 3) Contact the dealer you sold it to and they may be able to assist you with contacting the new owners, assuming it hasn't changed hands again. Depending on your dealer, you may have to pay them to run the same title search mentioned in #1. 4) A Carfax report can also help by telling you what state the vehicle is currently registered or titled in, but this also costs money.

READ your contract for details. They had to pay the repoman to go to the gate, to find you, its a fee incurred to service your account while in default.

No, there is no such a thing as a debtor's prison.

Yes you can, but it depends on the dealership you trade it to...some of them will be willing to pay it off when they receive it as a trade.

Contact your state DMV and ask them what them requirements are for reinstating your DL. You may have to contact the LENDER to obtain the plates. You have several options you can try to get the plates back from the repo co....if they refuse to give them to you you can go to the police and report the plates as stolen and they will give you a form to take to DMV. Or you can report them as lost to dmv and go from there.Or contact the bank and see if you can get a letter stating they have the plates because in some states the plates stay with the vehicle in a repo.You are going to have to pay a good sized fee to DMV to get your DL reinstated.Good luck!! You can email the National Finance Adjusters and ask them if your state requires the plates to stay with the vehicle or with the debtor. Their email is homeoffice@nfa.org Why involve other organisations to solve a two party problem?? Call your DMV,read your driver handbook,ect. and find out if your state requires the plates to remain with the vehicle. IF it does, then your DL was suspended for another reason that you cant/will never figure out. IF it does not, then the lender needs to return your plates and/or you neeed an attorney.

25250

Divorce.

If your signature was needed because of his bad credit, he will not get the car.

Not necessarily, although you do need the appropriate class licence to actually operate it. You can operate anything up to 26,000 lbs. GVWR on a standard Class C licence. Anything above that, you either need a non-CDL Class B or A licence, or a Class A or B CDL, depending on what type of truck it is specifically, and if its use permits it to fall within any of the exceptions for requiring an actual CDL (registered farm vehicle, etc).

Vanessa, if the repoman can gain access to the property without commiting a beach of peace, YES. Maybe another employee invited him in,maybe the company let him in, who knows. Did your company promise to protect your car from repo activities? Heck, another might have even driven the car out for him, anything is possible. Good Luck

The first answer should be correct depending on the state you live in. As long as the property is publicly accessible a repossessor can peacefully trespass to recover the collateral.

No its called trespassing and they can and should be prosecuted for it.

Sorry but no this is not trespassing. Once you have passed your pay date with out paying the item is not yours any more. The repo has full right to climb on top of your house and get what they have come for if they needed to. Laws do vary from country to county to town but no place in the united States as of right now has a law that prohibits a repo from getting the item wich he has came to. also as a repo you will have to learn new laws wether they are changed yearly or daily so if you see a repo doing something don't question unless its very obvious he is doing something wrong like killing someone. Repo's are very educated and know what there doing and what not to do.

Depending on your contract if they still have the car just give them their car back and what ever they gave you for your trade in so if they gave you 1000 for your trade in then give them 1000 for your car back but first make sure you read over your contract because you might be able to get out of the contract befor a certain amount of time.

Usually when a car is making a knocking noise it is a very bad thing, which usually leads to engine failure and throwing a rod. I've had this same problem with my intrepid and was able to fix this by replacing a worn bearing on the crank. This is a deep engine job so make sure you keep track of your parts and do it safe and plan to spend 4+ hours on it.

Find one up for sale and give them a large sum of money

fasten his or her seat belt

one with the doors unlocked and the keys in the ignition

You bet it is. It is highly corrosive and very toxic. Battery acid contains abut 30% Sulfuric Acid.