Can a lien holder on a vehicle take property out of your vehicle?
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.
Can you get arrested if bank can not get a car repo?
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
Can you hide a car from repo man in Florida?
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.
Can you be arrested for not turning over your car for repossession in georgia?
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.
Can you sell a car that has been bought and paid for even if you haven't paid for it?
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
How do you purchase a vehicle at a public auto auction?
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?
When you owe money to another lender, you are a _____.
Can a person take cars or property if they win a lawsuite?
If they win a suit, they can get a judgement and levy any NON exempt property only. (property not normally exempted in a bk) Whether they get a judgement and do anything further or not all depends on if the amount awarded is worth it. They can't take your home, however can put a lien on it that must be satisfied when it sells for the amt of judgement, they also cannot levy your primary car, since you are exempt on one. If you own extra assets and they find them, it is possible to levy them then they can sold to satisfy the judgement. If it is something dischargable, bk, makes collection efforts stop, and throws out the judgement as well but you will need an attorney if it gets to the point of liens on real property etc. Be careful, the next step is usually a levy on your bank account and they clean it out without warning.
They run your credit, find a bill that's current and get account info from that creditor. Then they serve the bank when they have your acct no. and empty it out.
A dealership can never repo a car, the bank is the party which would because you owe the BANK (aka chase auto finance) because u financed through them.
May a car be removed from a closed garage?
Probably not. If the garage is locked and the repo agent must break the lock, then that is breaking and entering. Even if the garage is unlocked and the act of opening it can (in some areas) be considered breaking and entering.
Is it against the law to hide your car from being repossessed in North Carolina?
Yes, if you haven't made your payments then you have broke your agreement with the leinholder. Basically you are hiding a vehicle that isn't yours which is theft and if I'm not mistaken the last time I checked theft is against the law and is usually followed by punishment of the courts and law enforcement.
How long does a repossession stay on your credit report after bankruptancy?
Type your answer here... in the USA, 7 to 10 years
Co signed loan my name is on registration can i take the vehicle?
You should seek legal advice from an attorney in your jurisdiction who can review your situation, examine the related documents and explain your rights and options. You may need to file a court action to have the primary borrower sign over their interest if they are not making payments.
You should seek legal advice from an attorney in your jurisdiction who can review your situation, examine the related documents and explain your rights and options. You may need to file a court action to have the primary borrower sign over their interest if they are not making payments.
You should seek legal advice from an attorney in your jurisdiction who can review your situation, examine the related documents and explain your rights and options. You may need to file a court action to have the primary borrower sign over their interest if they are not making payments.
You should seek legal advice from an attorney in your jurisdiction who can review your situation, examine the related documents and explain your rights and options. You may need to file a court action to have the primary borrower sign over their interest if they are not making payments.
What company does Santander use when they Repo your car?
Renovo based in IL. Renovo contracts out to smaller tow agencies across the U.S.
What happens when the cosigner dies and the loan is in default?
If the account was secured by what ever was purchased, then it is likely to be repossessed, and regular collection procedures will begin to collect any remaining balance. If the account is unsecured, collections will begin against the guarantor or primary on the account. It is possible that the guarantor may be able to get all or part of the debt covered by any funds available from the cosigner's estate, but this would likely require the assistance of an estate attorney.
Is it legal to hide your car from the repo man in Mississippi?
Ma'am you dun did it. They lookin for you, they goin' find you, so you can run and tell dat! Home boy!
Yup, joint ownership. Pretty much always a bad idea...
Are there any authorized Bose repair shops?
There are many shops that can repair Bose equipment without having to be authorized. The best way for you to tell if a shop has the blessing of Bose to repair their items is if they are a recipient of a Bose Diamond Service Award.
How many times can your car be repossessed?
After it's been repossessed once, it's not your car anymore, so... once?
If it's repossessed and you're able to bring the loan current and redeem the car before it's sold so that you get it back, there's no limitation on the bank repossessing it again should you again fall behind. This could theoretically happen every single month of the loan, though in practice most lenders would insist that you either pay off the loan in full or give up the car on the second or at most third repossession.