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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
Tricks for delaying the repo man?
Pay the past due payments today ... no trick at all, and you will love the treat!!
Do you need a cdl to drive a a vehicle with air brakes under 26000 pounds?
It's situation dependent. In 49 out of 50 states, you would only need a CDL for that vehicle if it were either a bus designed to transport more than 15 persons (including the driver) or if it were carrying a quantity of hazardous materials which required hazmat placards to be displayed.
New York state, however, requires a CDL for intrastate commercial use vehicles with a GVWR in excess of 18,000 lbs. IMO, it's a good policy. I don't think someone without an upgraded license of some sort should be able to drive anything larger than a Class 4 truck.
There are some exceptions under the FMCSR, and to which even New York grants exceptions:
- Registered recreational vehicles do not require a CDL for personal use (although someone transporting them on a for-hire basis might), regardless of weight class. They may not operate on a for-hire basis under this exemption.
- Registered farm vehicles do not require a CDL within a 150 mile radius of the farm they operate from. They may only be used for the purposes of the farm to which they belong (and that includes transporting farm goods to market), they must be operated by the farmer, immediate family members of the farmer, or direct (W2) employees of the farmer, they must be plated as farm vehicles, and they may not be used on a third-party for-hire basis.
- Firefighting vehicles and first response vehicles do not require a CDL under the federal regs. However, many states and/or individual departments may require one.
- Military vehicle which are currently serving as military vehicles (not demilitarised vehicles sold on the civil market) do not require a CDL when operated by military personnel in the course of military activities.
When a vehicle falls under such exemptions, licencing requirements are left to individual states. Some states may have non-CDL Class A and B licenses, some states may categorise them under the Chauffeur's Licence system with endorsements for the vehicle type, and, in some states, you could operate a tractor-trailer which falls under these exemptions with the same licence you'd need to drive a regular passenger car. As you did not list a state, it's impossible to tell what your state's laws are on this matter.
Is it against the law to sell someone else's wrecked car without the title?
umm... not sure in all states but yea. Its called stealing with out the title. If you really want to know check your local state tax commission.
The bill of sale would be the receipt from the pawn shop where you purchased the motorcycle. You fill in the buyer info on the title.
Why would car finance company return your contract to dealership?
there could be several reasons some of them being, sometimes car finance companys request stipulations for the loan such as proof of income, proof of address, proof of employment,
Yes, but your trade in value may or may not cover for the cheaper car so whatever you owe on your current loan will be tacked onto your future loan for the cheaper car you are speaking about.
What are the best cars in the world?
you have to define 'best' first the golden porche in the Phortziem museum, Germany! It is actually made of gold and it can drive. The smartcar- small, green, funny looking, and you can park it sideways.
Best is always a matter of personal opinion.
Ford Mustang Shelby GT500
Tow compies can sell your car 30-90 days. But they have to notify the state to get info on you and lien holder? run a paper ad and notify you of charges and how long it will be till sale.
-They have to send you a certified letter telling you that you have 90 days to get your vehicle, and if you dont then they can file for a salvage title.But there are always those occasions where things are different. and they normally charge 2-3 dollars a day for storage.
Can a car dealer tell you to bring a car back 3 days after the deal has been done?
Yes, depending on the state. In Florida you have 3 days after finishing a transaction to return it by law whether it be a vechicle or a health club membership.
yes, if they did not hook up they can't tow it. unless police told them to tow. but if it'sa inpound no
If the title is not free and clear, then the title cannot be transferred to a new owner and it cannot be sold. If the creditor has written it off and it is no longer in dispute, then it can be sold.
You can sell it as scrap metal to a junk yard without a title, I believe.
You have discovered the real reason for never co-signing with a friend. Now you have lost a friend and a lot of money. Go to the bank, explain your dilemma and let them know that you want the car picked up and that you'll pay for the cost of the Repo company and continue to pay for the note but you don't want to subsidize your former friend. When you get the car back, sell it yourself. If you send it to the auto auction you will be getting next to nothing fo the vehicle.
Generally, recovery agents cannot arrest you. If they happened to find illegal contraband in your personals when they did their inventory, usually they will either just throw it out or turn it in the police. How the police take it from there is up to them.
AnswerNo!!!!!!!! repo agents are not cops ...THANK GOD .....who says its yours maybethe repo guy left it when he parked your car or when he was busy ripping your stereo out or looting your personal possssions!!!!!Can someone get a title for a stolen car?
No. And it would not be advisable for anyone to attempt such action even though they are a completely innocent party.
You go to a dealership, just like if you were going to buy one... then you tell them that you want to do a lease deal instead.
You can also arrange a lease or a purchase online now.
Does the car dealer have the rights to issue an arrest warrant for a car repossession?
Car dealers cannot issue arrest warrants only judges can do that. If there is an arrest warrant then you have broken some kind of law and the dealer has petitioned a judge or filed criminal charges and the police or marshalls office will carry out the warrant.
Any salvage yard should buy it for junk metal or parts. It isn't worth much other than the metal that holds it together.
How long will Title Max wait to repossess a vehicle?
Title loan companies are notoriously low in patience. Title Max is one of the least patient. The Title Max paper I ran in the past was as new as one week past due. Sadly, in most states, title loans are rarely larger than a couple thousand dollars, and the vehicle can only be sold no more than the ballance owed. Good for car buyers, bad for those who secure title loans.
How many days they will give us to pay and recollect our vehicle in hdfc two wheeler recovery?
Typically you will have up to thirty days to redeem any vehicle that has been repossessed. There are some variation that may reduce this time, so it would be best to contact the respossession agency who secured it.
I assume you mean from a repo man. It is illegal to hide a car to prevent repossession. In some states criminal charges can be filed against you. In the end they will get the car. The lender does not want to repo the car anymore than you want it repossessed. Both you and the lender loose.Even if you hide the car eventually they will find it. Don't be foolish and try to hide it. Just set down with them and see if you can work out a deal? If not, then just turn the car over to them. This will save you the repossession fees which you are obligated to pay.
How do you list a car for sale?
Go on Craig's list for your city/state, open a free account with email, Once that's done, post new ad, cars for sale by owner, add title, price, text, upload pix from your comp and post.
Go to Mexico.
What happens if I Default on a business car loan?
the car will most likely be repossed and a court order issued against you for what is owing plus costs
She needs to contact the lender and make sure the payments are made. If not they will repossess the car and she will be responsible for the loan balance after they sell the car. She also needs to contact a lawyer and see what her rights are in her state.
