Repossession

no depending where the engine of the car is.

Or you have to sell the car and settle the loan.

overjustification

most major banks sell their repos thru dealer only auctions,i have repoed many cars for banks in 13 states ,most end up in dealer only auctions

grace periods depend on lenders and there polocies that are in place when you fall behind on payments. repoing travel trailers get tricky depending on whether they are used for pleasure or a principle place of residence.

They must return personal belongings as long as you pick them up in a timely manner and since it has been repo'd they can't charge you anything for storage, its not your car anymore

In this case the title of the vehicle should be in your name.

Well I did, so yes you can. Think about it - it's cash, you can buy anything with enough of it.

If you needed a loan - forget it.

Yes, in our jurisdiction we have to try to notify the owner including an add in the newspaper that services the area the customer lives in and then get title to the vehicle. ($50)

So if you moved or your contact info is out of date in the vehicle (on the registration etc) we can and do take ownership of a vehicle with out notifying the owner.

Whatever they can sell to reclaim their losses. You may need to proceed with bankruptcy to protect other assets. Consult an attorney for specifics.

No, it is not possible. Your previous loan must be completed to get a new car loan

if it's not going to be driven any more no

92%

In most US states now, the license plate is registered to the driver. When selling the vehicle, the registered owner removes the plate(s) which forces the new owner to actually register the vehicle. This is not necessarily the case in other parts of the world. Check with your local registration department.

They would need a warrant or permission from the owner of the garage or of the car or both. They could claim there was a risk the car would be driven out of the jurisdiction if they had to wait for a warrant.

It makes a big difference. it can determine how much your monthly payment would be, in many cases its lower and this is good. You can pay more than the required montly payment and you can pay your car faster because more of the payment is goin towards the principle and less if goin for interest. and that was when things r hard one month you arent required to pay as much. but remember if you can pay cash for a car THAT IS WAY BETTER than leasing the car

DBS and DB5

If the car is in the parking lot of an apartment complex, it is legal because the roads in the complex are roads of public access.

However, Repo man can't enter your property, or anybody else's, unless he has a permission from the courts to do so. Most of the financial institutions work closely with the courts and secure all necessary paper work before hand. Furthermore, in most states, if you owe over certain amount on the car ($ 5.000), in this case they can repo the car regardless, needless to say, if you drive a vehicle and owe so much money, you can be criminaly prosecuted.

As far as I know, at least where I live, it makes no difference who's name is on the title. If you are authorized to drive the vehicle, it can be insured on anyone's policy. The only thing that is required is that the vehicle has insurance, period. I know that in my personal life, I am driving a truck that is in my brother's name, and I am making payments to my mother for it because she accquired the truck from my brother via an even trade for a different truck. I carry insurance on the truck in my name and on my own policy. I don't plan on changing the title over until I have it paid off.

You should be told what you need to do to "redeem" the vehicle within a short period of time (30 days usually): pay the outstanding payments, late fees and, oh yes, the costs of repo and storage. If you do not pay, the vehicle is sold at auction for pennies on the dollar, and you will be sued for the balance plus costs, etc.

Short answer is yes, in most jurisdictions the plates are registered to an owner and a car.

If you purchase a new car the plates are still yours.

There are exceptions, the UK for instance

You can't just cancel a claim. It is basically up to the Insurance co. to either aprove a claim or deny it. However, it the vehicle was stolen, it is your resposibility to provide a police report proving that the vehicle was indeed stolen.

Yes, some do. Mercedes had some and some MiniVans do to.

90% of the time you can transfer a car lease. It is dependent on your leasing company. You will have to find someone that is interested in taking over the remaining lease term. They will have to go through a credit check precess with the leasing company. If they are approved there will be final documents to sign and then the lease is in the new parties name and you are out.

No one can take money out of your account without a court order. The exception being payments to the bank itself for administration purposes or penalties. These, however, would be set out in the initial contract.