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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
Does the title loan agency have the right to repo your car if they don't have the title?
Usually they have the title, so I don't know what you mean about that. However if they have a lien on it, they can re-possess the vehicle.
Can the finance company repo your car when you have a title with no lien?
Yes. The note creates a lien, regardless of whether it is officially recorded on the title. If the lien is not on the title, this will merely create some extra work for the repossessor when they try to sell the car.
How long can someone go to jail for buying or receiving stolen property?
It depends on local legislation and the circumstances of the case.
NSP stands for Neighborhood Stabilization Program, a form of assistance for home buyers.
What if the car loan is paid off?
Why is HSBC holding my car title that was used as collateral in 1997 with Beneficial Mortgage of Ohio and the loan was paid off in 1998. Now I just bought a brand new car and my 30 day tags are about to expire in 3 days. I think somebody screwed up on the paperwork. Because the car was not used as collateral on the loan in 1999.
How will you be notified if your car is going to be repossessed?
They will call you to pay the bill and after you ignore it for so long and do not turn your car in willingly they will come get it.
Can a bank repossess a car if they continue to take payments?
YES
IFyou are not up to date, if you are behind on your payments they can repossess at anytime.In most loans, there's a statement about late and/or partial payments that basically says the bank can take them but isn't obligated to do so and that taking one late or partial payment does not mean that they have to continue to do so.
So, if you owe $200 a month, and pay $100, the bank can accept that and still repossess the car. They do have to credit the $100 towards the loan.
Also, banks are usually allowed to repossess for habitually late payments. Most of the time a bank will consider this to be more hassle than it's worth as long as you're eventually catching up, but if you're chronically making payments several weeks late, they might at some point decide "this guy is a flake, we should get out of this deal while we still stand some chance of recovering our money."
If you get the car back you have to pay storage, if there was even a pair of sunglasses inside the car they can charge you for property.
NO
When a car is repossessed does the finance company have to sell it for the amount it is worth?
no, they will sue you for the balance owed after the sale
How can a car repossession be on your credit report when your car was not repossessed?
By mistake. Waste no time contacting the credit reporting companies, and demand that this entry be removed from your credit report.
What if both names are on the title. can co signer take control of the car?
if you are on a car title and co signed for that vehicle, and it reads " you or them " can you register the vehicle
Can a buy here pay here car lot sue you over a totaled vehicle you were paying on?
Hopefully, it was insured in a way that paid off the car loan. If not, yes, you have to continue paying for the car until it is paid for. Otherwise, the company can obtain a judgment against you for the remainder. Judgments do not go away with bankruptcy. You probably need legal advice.
What is the most expensive car sold in Miami?
The most expensive car sold in Miami is the Lamborghini. This vehicle is sought after by many famous celebrities and car enthusiasts alike. It is a great looking vehicle with pizazz.
Can a dealer reposses a car for not paying deferred down payment that is not in the contract?
This is not your car. The down payment enables you to have the privilege of a contract. So, pay up.
Can you be charged with AA stolen car if your willing to give it back?
Returning the vehicle has no legal effect on having stolen it. In all Criminal Codes, the world over, the offence of stealing (auto or otherwise) never includes a provision for excusing the offence in the event that the thief returns it to the owner. However, the common law definition of stealing includes in its definition the phrase 'an intention to permanently deprive the rightful owner of (the thing)'. Bottom line is a car thief, if caught, will be charged with some offence and there is a sliding scale from say 'grand theft auto' (a car stealing racket) to 'unlawful use'.
Is there any way to get a repossessed car back without paying the loan in full in Maryland?
Once your vehicle is repoed, you will have the opportunity to pay the loan up to date, plus any fees associated with the repo to redeem your vehicle. This timeframe is relatively short in duration, so if you fail to make the payment that is required, the vehicle will be auctioned.
Can a car dealer increase the price of the warranty after the contract has been signed?
Maybe. It depends on what you mean.
You shouldn't have to pay anything for a normal warranty, so I'm assuming this is some kind of "extended warranty" coverage.
Basically, it comes down to "what contract"? If the contract explicitly states the cost of the warranty, and you signed that, then no, they can't increase it. However, if the contract was just to buy the car and the warranty is a separate (as yet unsigned) contract, then yes, they aren't obligated to keep the price the same. If you wanted that deal, you should have signed then.
My VersionThere is more to this question than what you have asked. But Here goes: Offer to purchase:An offer to purchase is binding on you but not the dealer, at this point the dealer can refuse your offer usually to get more money or adjust terms to better suit the dealer The Deal is signed:So you bought the car but you still have to go through the finance office. In The finance office:You pay for the car or finalise your financing if you are financing through them.In addition extended warranty or service contract, paint protection and so on.
The extended warranty is signed based on a quote and may be more money than quoted. If they want more for this you can ask for your money back and should get it.
Remember:Even the dealer can make an error but you have the opportunity to back out of the deal if they have and want to change the agreementDo automobile dealers still sell Pontiac cars?
To answer the question above, yes, Automotive Dealers still sell Pontiac made cars. They have the 2012 Firebird, along with the G6 and many others available.
Are auto glass shops like windshield repair shops?
Yes, the only difference is that windshield repair shops only repair windsheilds. Yet auto glass shops repair all of the windows on a car, as well as the windsheild.
yeah because its not like they can really ask whats wrong with the car and they usually dont clean them or do any motor or body work. so you buy what they stole. lol
