Repossession

Neither is very good, you lose your car either way. However I would recommend waiting for it to be repossessed because they may not take it. If you know for certain that they are going to take your car you should surrender it because it might make them slightly happier with you.

The type of loan would need to be a consideration but the down payment would be about $200.

It's "per se", not "per say", and you have to be a resident of the state you register a personal vehicle in.

Stealing.

Stupid.

Juvenile delinquent

Kid with bad parents.

P.O.S.

Inner city youth, sad but true

It can happen. It is perfectly legal. While it may be an inconvenience, consider the inconveniece the lender has experienced because the contract they had with the car has been broken, and the loan has gone into default.

In reality, the recovery agents may take possession of the vehicle anywhere they can secure it and maintain the peace. With that in mind, they will most likely take it any time anywhere they can do so without having to engage in a discussion with anyone else.

A tow truck/spy car.

The cost to remove a cosigner from a car title can vary by state and the specific requirements of the lender or DMV. Generally, it may involve a nominal fee for processing the title transfer, which can range from $15 to $50. It's essential to check with your local Department of Motor Vehicles for specific regulations and any additional costs that may apply. If the vehicle is paid off, the process is usually straightforward, provided all parties agree to the change.

Yes if it was recently found and you wish to reclaim it. However if you have waited 45-60 days the impound has filed a storage lien and you no longer have a right to the vehicle. You can however go to there public auction and bid on the vehicle to try and purchase it back from them in which case it is not necessary to transfer the title.

Buy it from them.

The original owner has to sign over the pink slip to the person who has the car. What is described here begs the question of who has been paying for the insurance and registration. The total liability lies with the original owner. If one of the two people who have driven the car gotten into accident the registered owner would be the one who would have a problem.

No. A downpayment is a nonrefundable form of collateral which is applied to the sale of the vehicle. For example: If a car cost $10,000 and you give a downpayment of 15% ($1,500) you've applied your downpayment to the purchase of the vehicle. If after a few months you no longer wish to own the vehicle, you will still own the principle amount left.

No, it is illegal to impersonate someone else in order to repossess a vehicle or another asset. For example: You can't tell the R/O of the vehicle that you're from the dealership and are going to detail the car on their behalf as part of a customer loyalty reward.

cc to hp

You bet!...

or you cant demand your money back

(any way, you can sue people for just about anything these days. the question is, is it a smart idea?)

i dont know ask ur dad

Call the loan company and ask them. If you are up to date on your loan you have a case against them.

Unless you had insurance that covered the difference between what was owed and the value of the car--and paid it to the bank--you are still liable to pay off the loan. The amount you owe is not based on the relative state of the car.

Yes. Normally if you are 3 months behind the finance company can take back the collateral. This is a default. Remember, you signed a contract with the bank stating that you would make your payments. It's not their fault you can't pay.

However, any decent bank should be able to work with you in the event you lost your job. The key here is to communicate with them and don't dodge their phone calls. If you are honest with them, you can normally buy yourself a couple of months.

Mechanic

I have a 1977 skyline, i am moving to a double wide, it is livible but needs repair. need some answers by the end of december 2012. and needs some pipe replaced, other words it is livible or for some one to junk it out. please send a email to flossiew@cox.net

It's noted on your credit score that you were unable to make payments/late payments. It just looks very bad. Avoid taking out a car loan on a car you can't afford.

No of course not car registration is the state that has nothing to do with your bank or lender one has nothing to do with the other

The short answer is no. A charge off means you didn't finish paying off the loan. A charge off occurs when the the owner of the car fails to make the monthly payments. After 121 days of no activity on an auto loan the bank declares the loan a bad debt and the do a charge off to get that bad debt off of their books. They will never stop trying to collect the bad debt or repossess the collateral. The only way to obtain the title is to get a lien satisfaction letter from the lienor, (bank). The only way to get that letter is to satisfy the lien. So if your loan has been charged off you have to call the bank and see if you can get a payoff quote. Payoff the car get the letter and title

You can have insurance on a suspended plate. If you get in an accident with a suspended plate, though, your insurance company may not cover the accident because the car was not legal to drive.