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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
no they are they can drive it when repod but it has to be taken to a car lot or impound yard and inventory items things in the car that's why its best to keep your car cleaned out and if you know its gonna be repod take it back to your financier you have a better chance to work out a way to get it back and poss. not lose it at all
How do you find if you car was impounded by the police if you weren't driving?
You would have to contact the police department.
Is a 6-gear car better than a 5-gear car?
I would start by differentiating the way you are using your car mostly:
- for long trips frequently (50000 Km/year or more) yes a 6-th gear helps fuel economy;
- for city(urban) driving or sportier driving the extra cost is not justifiable.
Overall a 6-gear car is better than a 5-gear because the engine can run in lower revs while the car has greater speed (gear ratios turn the wheels faster at lower engine revs), and almost every time the 6-gear car has more optionals included...
Can you protect yourself from being liable if you are a co signer?
No, that's the point of being a co-signer. Your role is to make sure the payments are made. If the primary person on the loan cannot make the payments, the co-signer is responsible for covering the payments. If a cosigner was not held responsible for the loan, it wouldn't make much sense to even have a co-signer.
Do you need to send right to cure on a unsecured loan?
Most states (all states?) require that if you are going to sue & get a judgement to collect on an unsecured debt, a right to cure letter must have been sent. Most finance companies ultimately want the ability to sue because even if they don't sue themselves, the right to sue to collect the debt gets them a higher price when they liquidate the loan by selling it to a collection agency.
If a company chose not to send right to cure letters, they would have to ensure that none of their loans ever went to court to collect. Since they often can't control after the loan is sold, they send everyone a right to cure.
If the car is not in your name can he report it stolen?
i co signed for a car for my daughter,she will not tell me where the car is can i have the tirle transfered to my name
The first self-propelled road vehicle was a military tractor in 1769. It was invented by Nicolas Joseph Cugnot.
WHY would a cop tow your car from your yard?
Generally, they wouldn't unless it was stolen or used in a crime.
Can you get in trouble hidding the car from repo?
yes you can. thats why the bank usually hires people to come out and take your car back.
What address should be used to handle wage garnishments of a BNSF employee?
The BNSF payroll department is in Kansas. You can call 800-234-1283 to get the address.
If your father dies is his car paid off?
If your father dies, any debts he had are passed along with his assets. If he still owed money on his car, his heirs get the car and the loan balance. There are exceptions, like if insurance provides for payment of an outstanding debt on a loan in the event of death, but these are exceptions to an almost universal idea that all things of value in an estate as well as all outstanding notes and such are handed down as a package.
Think of it this way. If you loaned someone money for a car and that person passed on, you'd still be owed the money or have a "stake" in the car. Any who inherit the "goods" of the deceased will also take on any outstanding debt. You loaned the money for the car. If the person who borrowed the money dies, you still have an outstanding debt with the heirs of the departed. You'd expect to be paid, and law provides for this.
yes
see links below
If you leave your car in a restaurant parking lot can it be towed?
Certainly, if you do not have permission. It is not public land it belongs to the owners.
Can you refuse to have the repo man take your car?
You can refuse to release it, but that doesn't mean repossession will stop. Far more detail is necessary to give a more detailed answer.
How do you get your car back from repo and how long do you have to get it back?
If a vehicle has been legally repossessed, then the bank has absolutely no obligation to give it back to you. Ever. But many banks will work with you in rder to get the loan repaid, but from a legal standpoint the bank has ownership at that point.
How do you get a car dealership?
It depends on what type of car dealership you are referring to.
A used car dealership can be opened just like any other small business with the exception that you must apply for a dealer license.
A new car dealership is a franchise sold the car manufacturers. These require a lengthy application process where you will need to prove your ability to run a dealership both based on past business experience and financial means.
you could steel a car. :)
