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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 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!!!

What is the best car lease to get?

There are literally hundreds of deals out there and it's a buyers market. I wouldn't go for the cheapest available, I would ask friends, working colleagues, etc for a recommendation. If not, use your own discretion although I would suggest a visit to a reputable dealer.


Who is responsible for a vehicle damaged in your garage which was hit by an unknown vehicle?

since other (or negligent party) vehicle is 'unknown' then the collision coverage on the damaged vehicle will be the policy to fix this car.....(yes you will have some type of deductible)....homeowners policys typcially exclude everything about auto...

Can you buy cars at police auctions?

Absolutely!

There are a number of auction houses that are contracted to sell vehicles on behalf of the police and a large number are sold throughout the country each week.

Many of these sales are not advertised through the normal routes and a search engine result will only give a few listings.

The reason that these auction houses do not come up in search results is that these are traditional auction houses and their websites are not generally optimised for the search engines so they simply don't appear in a search.

Two of the biggest car auctioneers in the world are Mannheim and British Car Auctions, but there are many others that sell seized cars.

To find all the auctioneers that are contracted to the police authorities and courts you will need to find a specialist directory. There are a number of websites that offer this information but be wary as the lists are ofter old and out of date.

When you find a website offing police sales information ensure that you can search the listings, make sure there is a team behind the website checking and updating.

For more information, see Sources and Related Links.

When do cars get repossessed?

Depending on the bank used to finance the car, after failing to pay 3-5 payments the vehicle will be repo'd.

How can you get a title to a car that was charged off?

You contact the lender who has a lien on it and purchase it from them.

Can you repo your vehicle in the state of Virginia if the payment is one day late?

Although it's bad business to do so (banks lose money on most all repo's), they can repo at one minute past midnight the day after your due date. Technically, it's a breech of contract. -Matt

How do you sell a car when you still owe money?

If the car is worth less than you owe on it, you can try to get an unsecured loan from a local credit union or a local bank. You could also try to ask whatever financial institution has your car loan for an unsecured loan for whatever the car doesn't bring when you sell it.

You have bad credit 7000 dollars for a used car can you get approved with low monthly payments?

Someone may approve you but you will have an outrageous percentage rate and your payments will be high. Safe to say with bad credit you will have payments over 500.00/month for 7,000. Try to get some of the money together or begin to repair your credit or set you sights lower for a cheaper vehicle.

How much would an engine cost?

a car engine can cost anywhere from 500-1000 dollars. depending on the gas mileage, type, and condition of the engine.

Is it legal for a dealership to sell a car to someone with only a permit?

it is legal as long as they meet the financing requirements and insurance requirements of the financing. paying cash you bet.

Should I start a dump truck hauling service?

I myself am trying to start one. Honestly I believe it depends on where you live. I live in Arkansas and they are drilling for oil in this area so dump trucks are in high demand. Owner operators here where I live are getting paid close to $80 per hour to haul dirt for these oil people. I'm looking to see how much funding its gonna take to start. I have been raised around trucks my whole life. Its the first thing I ever drove( not even a car first). I drove my uncle's Peterbilt from Lubbock, TX back home my first day. OTR isn't what I want to do though because there isn't any money in it. In my opinion, you should check around and see what the going rate in your area is and if it feels right go for it. I don't think anybody can make the decision for you. A lot of people have told me that its a bad idea but my uncle doesn't even own his truck, he drives for somebody else and brings in a nice bank so think if you own one. Yea operating costs are going to get you but at $60+/hour you should be able to cover your costs and still keep a good chunk of change to pay other bills or even have money in your pocket. you just have to figure out if its worth it and if it feels right. Like I said I'm trying to research on what it will take to start so if you got anything that may help please let me know. Thanks

Can you tow your Mercedes 190 automatic?

Yes you can. As with all automatic transmission cars You have to get the gear selector into Neutral (N), this disengages the engine from the drive shaft and allows the car to roll. To achieve this, turn the ignition on, press the brake pedal and shift the gear lever to N. Attach your tow rope to the tow hook below the front bumper and tow.

Can you change a reconstructed title back to normal title after repairs to vehicle?

If you find a state that does not have reconstructed titles, and register the vehicle there, you may be able to do it.

How much will an infiniti engine cost?

Call some nearby auto salvage yards. The prices will vary, due to mileage.

If you give you leased car back before the lease is up do you have to pay anymore on it?

YES, You are still obligated to complete your term of lease contract.Even if you are purchasing or leasing another vehicle and decide to trade or turn in your current lease YOU STILL OWE THEM!!!!! The leasing company is still entitled to remaning payments.. Best to look at your lease agreement...

If you bought a used car and a week later it broke down with expensive repairs can you get your money back?

used car dealers usually will repair, if not call the better business bureau or write to them NOW!!!! Look at your sales agreement and see if you have so much time for them to fix repair or warranty of 6 mo or more

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