Repossession

Generally speaking you cannot back out of a car deal after the bill of sale has been signed. Some car dealers will allow you to, but this is seen as a contract once it is signed.

you will only have a penilty fee for late payment unless it is already iunder repo issue

Mazda Miata. Nearly a million have been sold.

Yes you must show proof of trying to contact the original owner in many and thorough ways to the DMV. Once he cannot be contacted you can do a liensale with a DMV paper and it becomes legal.

Probably not. It would require a new title to be issued.

There are many factors involved in trading in a car. The dealership looks at how much is owed on the car and how much the car will sell for as a used car. They will then calculate the difference. If too much is owed you can pay that difference, but if you do that you might as well keep the car. What you want in a trade in is to get some money to help pay for the new car. Since you only purchased your car 4 months ago I doubt you have any equity to trade on. If your car has problems you maybe able to use the "lemon law", but this has guidelines you need to follow to get a new car out of it.

A clear title without a lien or if it has had a lien on it, either a release on the title if there is a place for it or a lien release from the bank or person named in the lien. It should be in your name, meaning you are the person on the front of the title and the back should be clear until you transfer it to the person you are selling it to or whatever the business is you are doing with it.

Absolutely, if the friend has not paid the payments that were agreed upon in the contract you can absolutely go and reposess the car, just before you do, ask yourself how good of a friend this is, maybe they are going through a hard time a need a little break from you, if you want the car back worse than you want your friend, then by all means, go and get it, might want to go to the local police office and get a police officer to go with you just in case there is a problem.

LEGALLY, YES, you can go get it IF your name is on the TITLE. be ready to deal with the money part of the deal from him.

It will be just like if your car was repoed. Repo on your CR,ect. The lender will collect any balance due after its sold from YOU.

It's a repo on your credit, probably yours alone. This is referred to (buy lenders) as a straw purchase, if your brother's not a cosigner. People do this to get loans for friends and family who can't pass credit.

==Complex question== There are a lot of unknowns in your question. One is left to wonder why you wouldn't eagerly call the police and/or file a report yourself after the other party (call him Party B) fled the scene, whether you were required to or not. One can only assume that there was little or no damage to your vehicle. We can also assume that the configuration of the accident was not favorable to Party B, which is why he was in a hurry to scram. (Or perhaps he wasn't where he was supposed to be at the time of the fender-bender and didn't want an official police report to document his location.) Whatever the case, if there was visible damage to Party B's vehicle, then you should have been concerned about potential reports and claims -- false or accurate -- he could make against you. But to try to answer your question, you may still be liable for the damage you caused to Party B's vehicle, but his fleeing the scene may mitigate substantially his claim against you because, by leaving, he assumed the risk of something happening to his car -- and intervening event that would break the proximate-causation chain. Further, leaving the scene of an accident with visible damage is a criminal act in some states and is, per se, negligent, which may also militate against him.

Call the finance company and ask if they can extend the term of your agreement. This will mean you pay more money over time, but the monthly payments will come down.

You already have a finance deal on the car you can't afford, so just down grade to something you can afford and ask the finance company to adjust your payments according to the change in value of the cars.

Either way it's going to cost you money and you'll end up paying out a lot more money over a longer period of time.

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It depends on our father's insurance. My children may drive my car because my insurance covers anyone I give permission to drive my car (they have have a valid license). However, my ex-wife's policy does not allow it - by not having this option she actually lowers her premium. This can vary from state to state and insurance policy to insurance policy. Have your father call his agent and get the correct answer for his policy. He may have to make an adjustment to his policy to allow you to drive his car.

You can return it to have the defect repaired, but not to get a refund or another vehicle. The only way you can get another car is if they are unable to repair it and your state has a lemon law. Lemon laws vary from state to state. If you think you may have to envoke your state's lemon law then find out about it right now. Certain requirments must be met. Keep detailed information about this repair.

You can return it to have the defect repaired, but not to get a refund or another vehicle. The only way you can get another car is if they are unable to repair it and your state has a lemon law. Lemon laws vary from state to state. If you think you may have to envoke your state's lemon law then find out about it right now. Certain requirments must be met. Keep detailed information about this repair.

That depends. A dealership will only buy a car that they can make money off of. I suggest taking the car to the delaership that it was made from. If you have a Chevrolet, like myself, you are better off taking the car to the Chevrolet dealership. The vehicle should be in the best shape possible to get the maximum profit.

Depends on your jurisdiction. If you're late on a payment for just 1 month, it's legal for the car dealer to repossess your vehicle, but 27 days seems a bit uncalled for.

If the car has a lien, you usually have to pay off the lien before you can get a clear title. Otherwise, in this state you have the name of the lien holder on the title.

No, right of rescission applies to unsolicited sales. You visit a car dealership of your on accord thus this is considered solicited and return policies, if any, can be set by the dealership and is not governed under a specific law. Contact the dealer you purchased the car from for their specific information regarding returns.

If the contract to sell the car was silent regarding under what conditions you can repossess the car, then you must seek relief through the courts. It also depends upon the laws in your region - some jurisdictions to not empower private repossession - in these jurisdictions all repossessions must go through the courts.

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Once the judgment is awarded, it is then recommended that you obtain the service of the Sheriff's office to escort you on the premise to retrieve the property due to you. Or you may contract a repo firm.

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Unless the contract specifically allows you to, you can never change a contract unilaterally. You can only change the contract if the all parties agree.

You will have to pay any balance due after the car is sold and then it ruins your credit.

You are not giving it back to the bank, you are having your car voluntarily repossessed. It ruins your credit for 7 years. Which may sound like a bad thing, but in reality will keep you from buying more car than you can afford for the next 7 years, which is a good thing. Remember if you do this, you will still be responsible for the difference in what the bank sells the car for, and the balance on the loan.

For Owners Manuals I Use BUMPERBOOKS on the web If you do not have one, then I suggest you get one. You need an owner's manual to know what items to service and when, and for specifications. You can order one from a dealer, find one at a salvage yard, ebay, or one of these sites: http://www.carownermanual.com/ http://vehicleownersmanual.com/ http://www.vintage-books.com/owncat.htm Any auto parts chain will carry them, e.g. PepBoys.

No, your down payment and any other payment you have made will be put to your subtotal for the car.

Rolls Royce

thunder-bird - T-Bird

Chevy Nomad

GMC Pickup

Chevy Impala

'71 Dodge Charger

'55 Ford Delivery Wagon

Station Wagon

'64 Ford Galaxie 500

'36 Pontiac

'69 Chevelle

Chevy Corvair

is that what you mean?