Repossession

I hope not...

It is possible, and very probable considering that it is a violation of military regulations for any service member to dishonorably indebted.

Some repossession agents have special permission to enter military installations from the commanders of those installations for the purposes of repossessing vehicles. In most cases, not that it matters for the answer, the agents must contact the Provost Marshall or MP/SF/SPs and notify them of the vehicle they are recovering; but, this is not always required.

Absolutely false! The lender (person who holds a lien against the vehicle) does not need the keys to said vehicle in order to enforce the terms of the contract. The vehicle can still me recovered, sold at public auction and the buyer will be responsible for any outstanding debt that remains. That would include the amount of the loan after the sale amount has been deducted, the cost of repossession and other such fees.

No, the repossession agency must return your personal property undamaged. Usually you have to go pick it up. If your property is damaged, the agency should have insurance.

The estate has to settle the title. The secondary person can be held responsible for the loan until it is resolved.

Yes, you must pay the entire loan off.

The car will be taken to an impound and storage lot. That lot, depending on where you live and ordinances and statutes effective in that jurisdiction, may be run by the Sheriff's department, Metro police department, or some individual company. Again, depending on the local statutes and ordinances, you will have to pay towing and storage charges, and may have to produce the title to the vehicle and proof of insurance in order to reacquire the vehicle from the place of impoundment and storage. The best idea if you are attempting to reacquire the vehicle is to telephone the place of impoundment, with all pertinent information available (year, make, model, vehicle identification number, date of arrest/towing; location of arrest/towing) and ASK what you need to do.

if you dont pay usualy they will keep billing you until you do pay it or even you might have to go to court.

The first step is to contact your lender. They will have those answers. It usually involves making up past payments, and paying the repossession fee, and perhaps storage.

It depends on where you are. In most states, no there is no requirement for that, but they do have to let you come retrieve your personal belongings later.

It all depends in which state you reside in. Some states have these Draconian laws still in place, while others do not. Let's take California for example. An Auto loan is a, Civil matter. A contract was agreed upon by both parties, buyer takes the car Home, Seller gets paid by the Finance Comp. Now, when you miss a few

payments,(or when the Finance Co. decides)you are in, "Default." Now there is no crime that i know of for being in default. Since this is a Civil Matter not Criminal, The most the Finance Co. can do is, You guessed it!! Repo the Vehicle.

I hope that answered your question, Drive Safe!

DaVinc1

I don't hardly think so.

You state that they're trying to 'take your car'. By that statement you realize they're not trying to 'take your LIFE'. Perhaps you've been served notice that this might happen; or you yourself signed paperwork when you signed for the loan. No doubt this possibility was in the fine-print; therefore you agreed to it. You also realize that 'repossession' is NOT a CRIME; therefore they have a LEGAL RIGHT. So here they come with a tow truck, this makes it obvious that they're not coming for your 'life' but for your 'car'. Why would anyone think they might have a right to 'kill' someone who has the legal right to repossess the car, with paperwork signed by yourself. It just doesn't make sense.

The best way to solve the problem is to make the payments promptly; or perhaps sell the car before it comes to this, and purchase something more in your means.

Usually the Repossessors come in the middle of the night, while you're fast asleep. They don't want a problem such as the possibility you mention. They don't want a 'confrontation'. So they're trying their best to avoid such a scenario.

Often -- if a confrontation does happen, they may even let you 'win this round' in their efforts at avoiding a confront. Perhaps a week later, they may follow you to the Mall; and while you're inside, they might repossess the vehicle, thus doing their best to avoid a confrontation. Either way, it's going to happen sooner or later. Why sit in prison the rest of your life, for such a foolish act, as your question asks.

It is a felony if you take the car across state lines and you are no longer paying on your loan.

Theoretically no. If the vehicle is repossessed you are supposed to be given the contents back. However, this does not apply to INSTALLED items, so if you've upgraded the stereo system, or installed premium equipment like a high-performance engine, those are considered to be part of the vehicle.

Also, it's likely to be your word against the vendor about what was in the vehicle at the time it was repossessed.

Sell it under the table for a cash deal. Otherwise you can not hide it for long. They will find it. Oh and if you do sell it when it is under re-po then you can go to jail. PAY FOR THE CAR!

Even if you sell the car and no longer have possession, if the finance company can't get the car back and the payments are not made, the will come after your paycheck in court. Now you don't have the vehicle but you are still paying for it with garnishment of your pay.

I own a repo company in Washington state, so I'm not a expert in Georgia laws, however in most cases states consider repossession or self-help repossession to be a civil matter. Most likely your local PD would not take action against you. This is provided there is not a court order, forcing you to turn over your vehicle.

Ok, this is a weird question, how can it be bought and paid for if it isnt paid for?

So I will answer this question with what I think you mean.....

I believe you are asking if you can sell a car that you have financed and owe money on..... I will answer this one.

Yes, you can sell a car that you financed, but you have to sell it for nothing less than your "payoff amount". you will get the money from the buyer, and you will pay off the loan, the only problem is that it takes a week to 3 weeks to get the clean title in your hand. You will have to make a deal with the buyer that you will give it to him when it comes.

depending on the state and it's laws some Dealerships can get anyone a loan no matter what your credit is. Interest will be as high as 21% but it gets you a loan

to make a purchase at a public auto auction is easier and safe as in other types of auctions...you can make it by bidding on cars till you win or if you find a reasonable price and it fits to you, you click on " buy now" price. Every Auto Auction has its method of payment. For example through PayPal. It is one of the safety process to make a purchase...i always choose this method...And then you deal with the seller about the shipping.

When you owe money to another lender, you are a _____.

no

my truck was impounded i sold it to my friend cause my drivers license was suspended and they released it to them thank you

The simple answer is yes. However you should read thru your contract to see if you are in default, that would trigger a repossession. For example, one way to be in default is if your insurance got cancled.