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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

Is it possible to back out from a car contract once you signed it and drove it off the lot with dealer plate?

Doubtful. Ask the seller if you can back out. He may agree, but if he doesn't you more than likely own this car. Call your state Atty. General to see if your state has a cooling off period for cars, which I doubt.

How do you write a letter asking if a car dealership has a hardship program?

The letter that is written to a car dealership asking if they have a hardship program should ask whether or not they have a 'Buy Here, Pay Here' policy. Purchasers of cars that are bought under this agreement rarely need a credit check. A person only needs a steady job and a steady place of residence. They will pay a higher price in the long run for a vehicle, though.

What auto maker sells the most cars?

Porsche is the world's most profitable auto maker and they make the most money. They were made popular mainly by sportiness, and the amount of people who stare and get jealous when they see you driving one. They also make the best cars in the world and 99/100 times every owner of a Porsche is satisfied.

Why have your name on a car title?

The car title proves ownership. You cannot sell a or register a car without a title.

What brand of cars is the safest in the world?

The Insurance Institute For Highway Safety 2010 model line safest cars

LARGE CARS

Buick LaCrosse

Ford Taurus

Lincoln MKS

Volvo S80

MIDSIZE CARS

Audi A3

Chevrolet Malibu (built after Oct. 2009)

Chrysler Sebring (4-door with optional ESC)

Dodge Avenger

Mercedes C Class

Subaru Legacy

Subaru Outback

Volkswagen Jetta (4-door)

Volkswagen Passat (4-door)

Volvo C30

SMALL CARS

Honda Civic (4-door with optional ESC, except Si)

Kia Soul

Nissan Cube

Subaru Impreza (except WRX)

Volkswagen Golf (4-door)

MIDSIZE SUVs

Dodge Journey

Subaru Tribeca

Volvo XC60

Volvo XC90

COMPACT SUVs

Honda Element

Jeep Patriot (with optional side thorax airbags)

Subaru Forester

Volkswagen Tiguan

BMW is not on the list

It is completely obvious, BMW is the safest car in the world! BMW never can produce an unsafe product because their motto is 'Safety for BMW is passion'. Not to forget that Audi and Mercedes-Benz is also safe!

Overall, BMW is extremely safe, comfortable and a pleasure to drive.

Is it possible to back out of a new car purchases if I signed the papers but never took possession?

I signed a credit agreement and contract with a dealership however changed my mind the following day as another dealer who I had also visited contacted me with a better offer. At first the delaership refused to give me any money back (I had left a 200 deposit) however I kept on at them on the phone and I wrote to the general manager of the dealership who in the end agreed to give me my money back. So I would say legally they musnt be able to keep your money or I am sure the dealer would have done so in my case.

Where to buy cheap cars in MN?

Cheap cars can be purchase in Minnesota by attending monthly auctions in Minneapolis and St. Paul. The auctions are usually at impound lots in the Twin Cities area and are held at least once every 30 days.

How do you repossess a vehicle in Texas when the purchaser has sold the car to a third party before payments were made in full and are now delinquent?

Are/were you listed on the TITLE as leinholder? Do you have a written contract listing the vehicle as collateral? If no to these two uestions, you should call a local attorney NOW.

Can you repo a car if the title is in the buyer's name already and they default on the payments?

IF they are in DEFAULT of a contract, you can repo the collateral for that contract,IF the contract specifies repossession as a penalty for DEFAULT. If the contract doesnt specify the penalties for default, then you should go to the replevin process. Consult a local attorney with your contract for state specific advice.

What can you do if the dealer repoed your car and had it back on the lot for sale when you came to pay in full and pick it up?

1st option??READ your contract. What does it say about repos? IF that doesnt make sense to you, contact a local attorney.

Can a repo man steal out off your car when he repo your car?

== == ANSWER. If your car is being repossessed all things inside the car go with the car. You can reclaim those things through your finance company. If anything is missing when you reclaim them your at a loss since you can't prove it was there. Also if it is connected to the car like rims, stereos, subwoofers, those will stay with the car and you won't be able to reclaim them. So if your behind on your car payments don't leave any valuables in your car, and take your stereo equipment and rims with you.

What do you do with a vehicle if the dealer refuses to repossess it?

Dont understand what you mean by dealer wont repossess it. Usually when you default they want to come and get it so they can recoup monies lost due to non payment and continue to go after you for the unpaid balance. Now if you are trying to return it to the dealer , they should take it back but you still owe some monies for the length of time you had it and again for defaulting on the deal. You should keep records and dates of when and how you tried to return it, you probably can use some legal advice because the longer you keep it and not pay the worse your credit is going to get. The credit agencies do not know that you are trying to return it, only that your not paying on it. Look in the local phone book and call some lawyers to see if they can answer a question for you. The secretaries usually can tell you what type of lawyer you need. Some give consultations for free or a seriously reduced rate. You can also call your county court house and ask to speak to the public defender and see if they can guide you. There is also 1800lawyersand that's a phone line that can help you. Just keep good records of your attempts so in the future youll know how much you are responsible for.

Clarification on some points:

(1) A lender has no legal obligation to recover any vehicle that may result in a loss, this also pertains to a voluntary repossession, the lender does not have to accept the vehicle.

(2) Many lenders will not recover the vehicle but will instead sue the borrower (co-borrower or co-signer) for the full amount owed and all applicable penalties and legal fees.

(3) Credit bureaus deal with creditors only, they do not accept information from the consumer with the exception of a 100 word dispute letter which is placed in the consumer's credit file.

(4) Public defenders are only available to persons who are charged under criminal statutes and qualify under the income guidelines of the state and all public defenders are appointed by the presiding judge, they are not chosen by the person who has been charged. That being the case, the clerk of the court cannot assist in finding an attorney for an individual but in some cases will refer the person to the local legal aid society or other non profit legal organization.

A free US nationwide attorney referral service is offered on the website of the American Bar Association, http://www.abanet.org

How much does the average car use gasoline per mile?

There is no average. A large car use a gallon every 15-20 miles, a small one might use a gallon every 30-40 miles.

Can a dealer sell you a car that is not certified?

Yes. Most used cars are not certified. You can also refuse to buy a car that is not certified. Certified used cars normally have a great warranty. Sometimes even better than a new car.

How do you get a Auctions license to buy car's at the auctions?

You don't need an auction licenses to buy at an auction you need a dealer license to buy at most auctions. Contact your states department of revenue which typically handle dealer and wholesale licensing.

How can I register my car to my husband?

Youshould be able to just transfer ownership through the DMV. I'm guessing though. You might have to give him the car as a gift to get the registration in his name; it might involve the pink slip too.

Can you repossess a car if the lien has not been recorded with the DMV but you signed the title and filled out the lien holder section in South Carolina?

http://www.scstatehouse.net/code/t36c009.htm SECTION 36-9-313. When possession by or delivery to secured party perfects security interest without filing. (b) With respect to goods covered by a certificate of title issued by this State, a secured party may perfect a security interest in the goods by taking possession of the goods only in the circumstances described in Section 36-9-316(d). (d) Except as otherwise provided in subsection (e), a security interest in goods covered by a certificate of title which is perfected by any method under the law of another jurisdiction when the goods become covered by a certificate of title from this State remains perfected until the security interest would have become unperfected under the law of the other jurisdiction had the goods not become so covered.

(e) A security interest described in subsection (d) becomes unperfected as against a purchaser of the goods for value and is deemed never to have been perfected as against a purchaser of the goods for value if the applicable requirements for perfection under Section 36-9-311(b) or 36-9-313 are not satisfied before the earlier of:

(1) the time the security interest would have become unperfected under the law of the other jurisdiction had the goods not become covered by a certificate of title from this State; or

(2) the expiration of four months after the goods had become so covered.

Can you cancel a car loan within a 3 day period?

No there are no laws which promote a 3 day grace period. But, some banks may have this in their contract which will offer a consumer more confidence in taking a loan.

Can car dealership approve credit and two weeks later financing says not approved credit?

I had the exact thing happen to me with a KIA dealership here in FL. I'm still not convinced that it's legal but they lost in the deal. I had a new van to use for 2 weeks (which I ran to Georgia twice)and than when they got it back we had the hail storm. I like to think they got theirs.

Will a 92-97 altima turbo kit fit a 98-01 whats the difference some parts are interchangeable but most performance part are not and there seems to be not a lot out there for the 98-01 altima?

The turbo kit for the 93-97 altima is for the KA24DE engine type. The 91-98 240sx and 98-01 altima also have this engine. Most of the parts in the kits are similar, but do vary on length and location (exhaust manifold, intercooler pipe length, etc.). The kit for the 93-97 altima will work on your car, but with some modifications. Plus your gonna need to invest in fuel enrichment parts, reprogramed ECU, high-flow exhaust system and alot of time and money. Plus make sure you get a ball-bearing turbo and not a sleeve turbo. You can take parts from a 240sx, but remember, most of the parts will not be direct bolt-ons and you will have to modify them. On E-bay there is a KA24DE DVD turbo guide to make it a KA24DET, and instructions for other enhancements. Good Luck!!!

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