Repossession

Misfire or bad motor mounts most likely but as with any problem there are other possibilities.

If the total weight rating of the combination (power and trailer) is over 26,000 lbs., and it's not a vehicle under exemption for CDL requirements, then yes.

I would assume that the selling of used cars is related to the population size. Larger population = more people getting rid of their old car.

Poorer areas are also more likely to bring in used cars from outside, and then hold onto them until they fall apart, and are no longer useful except for parts.

Likewise, richer areas are more likely to buy only new cars, and get rid of their old car before it falls apart.

Places with more environmentally-conscious people may also be less likely to sell an older car, or may be more likely to do so. The debate there is whether or not it's more harmful to produce a new car or keep an old one running.

Pretty much, where there are more cars, more used ones will be sold.

That depends on the lean holder. You may need to get a letter stating the loan has been satisfied and get a title from DMV yourself. If it was financed through Toyota Finance get the letter because you'll never get the title.

Credit? No. But if you crashed the rental car, then stopped payment on it you could be arrested and/or sued.

** sure it would- the company can send you to collections and that would be on your report- affecting your credit.

467 cars were in Britain in the 1960s

No, the owner of the vehicle is the person whose name appears on the title to the vehicle.

That is called voluntary repossession. You will be required to pay the difference in what the lender sells the vehicle for and the balance on the note after that amount is applied to the loan. You did avoid repossession fees by voluntarily turning the car in. Your credit will also show this repossession for 7 years.

They generally do not keep the keys, as it would be too many keys to keep track of. Each vehicle usually has a special code that can be used to cut a duplicate key for your vehicle. They do not need an original key to do so.

They can keep it, and I'm sure they would feel just as uncomfortable giving back your car without having a key to it. Car repossession is not the first thing that takes place, it's the last thing they do when all else fails.

They seem to think this may happen again and I am sure the key is not in the possession of the repo man, but the financial institution who hired him, for future use if necessary as they still hold a lien.

Most repo agents have master keys to vehicles. Each model and make have what is known as a master key that will work on all of them. Did you know that the key to your car may actually start another of the same year make and model?

NOT LEGALLY. Who would want the responsibility of having the key to a car they don't own?? What if it gets stolen?? The cops drag you in wanting to know where you were. MOST financial institutions DONT have keys to the cars they finance. Its all they can do to keep the paperwork straight so how could they keep up with keys?? Give me a break.

I own a repo company and each state has different laws for everything. you need to figure out what the laws are in your state. But in my state and probably many others as well I do not have a right to keep keys to a vehicle that isn't registered in my name or loaned to my buy the owners once the repossession has taken place. Not to mention I don't want them. After we get a car we move on to the next car we don't't dwell on the fact that we might have to get it again. If the lender is nice enough to give you a nother chance good for you, but stay on top of things our we will be back with or without your keys!

yes, some companies can use the key to decipher the actual code number, then give to the lien holder to keep on file, out here it ca, it comes in handy, most people out here get there car repo'd two separate times, sometimes three

YES, the law requires them to charge it. http://www.dca.ca.gov/bsis/bsiscons.htm

Yes. If your car is being repoed, you should make it easy for yourself and cooperate with them.

Ask the person who is driving the car who the owner is.

that depends on what age truck or SUV is all newer model trucks have tow package as standard as do most suvs

Nope

Selling a car under finance ( also known as a secured or mortgaged goods) is possible however many factors must be taken into consideration before doing so.

Reviewing the terms of the finance contract are essential given that a number of car financiers and banks may have clauses that require you to disclose the intent and have the vehicle released from its charge.

Legally ownership is not transfered without the agreement of the security being released by the finance company where the loan was secured and only after the loan has been settled.

Resale values will affect any sale of a car. Depreciasion and condition are the most obvious which will leave you with a shortfall being an outstanding balance, to clear the finance on the vehicle.

Private sales are most likely to gain the best sale price but wuill still leave you with a balance on the finance and therefore a liability.

By selling the car you do not transfer the ownership of the vehicle. This means that a finance company could reposess the vehicle if you default on the payments or do not pay the balance on demand, regardless of who you sold it to.

Personal choice I like the Lincoln for the feeling of luxury

I like the Cadillac for the dependability My opinion, for late models: New moden/high-tech, luxury, fashion, faster ->Deville Rear wheel drive->Town Car More budget/will change car soon -> Deville Drive your friends to Airport and earn extra ->Town Car Don't wannt look old ->Deville Good Value buy->Town Car I Owned 94 Deville and 96 Towncar

You have to review the criminal statues or codes in your state regarding this however, based upon the fact that you actually do not own the vehicle is question until it is paid off you may be subject to civil and criminal penalties. You should discuss this with an attorney in your state.

In San Antonio, Texas. Every Wednesday at the city impound lot. Address is 3625 Growdon Rd. It is open to public. There is another but it requires a dealers license. Its the San Antonio Auto Auction located at Ackerman Rd.

14 days

This seems to be your brothers responsibly. He did not do a very good job of taking care of your property. You may need to sue your brother. Contact a lawyer and see what your alternatives are.

Nothing will happen to a person if they hid a motorcycle that is being repossessed. Eventually, the company that is trying to repossess will either give up or find you. They will use all tools at their disposal depending how much is owed at the time.

You can just leave it and forget about it. They will do the rest. You can also call them and tell them you will not be picking up the car, that will get the paper work started much faster

Depends on the vehicle you are buying and the dealer. Of course you will save the interest payments you would be making if you borrowed the money which are substantial.

yes

NO