Repossession

If you have not fully paid for the car, it is not yours. The loan papers allow you to use the car until it is paid for; without the agreement you have nothing.

You can,But whether they/he/she will be willing to buy it back depends on a number of variables;

If the model car you purchased is selling good then the buyer(original seller) will have a higher likelihood of re-purchasing the car from you.

Further accentuating the thought of the re-purchasing the car from you would be the condition of the car when you return with it to to him/her.

Lastly,and the most crucial part,is whether or not you are "higher-purchasing" the car,if you are it is illegal in some places to sell it until the final payment on the car is made.

If you want to be charged with making a false report on top of losing your car. If it has been repossessed legally, you have no real claim on it and aren't supposed to find it. Pay what is owed on it and whoever has it must produce the car.

Someone gets a notice before action is taken.

It is against the law to hide your car from repossession in every state. It is called fraud, interfering with repossession, auto theft in some states. In Indiana it is routinely dealt with by replevin, an order from the court to surrender the property or go to jail and surrender the property.

Be certain that is what happened. If you did nothing to initiate the assault, file a complaint. If you did something to initiate the repossession agent's defense of himself, turn yourself in.

The repossession industry employs a group of people known only as skip tracers. Most people have no idea what a skip tracer does. Most skip tracers will not tell you what it is they do other than the the effect they find things. Skip tracers are typically highly skilled people who do just that, find things.

Having worked in the industry as a skip tracer, I can state that I have found vehicles that have been out for repossession for as little as 24 hours and as long as seven years. I literally found one vehicle that was being hidden in the barn of the debtor's wife's brother's wife's parent's barn, and had been there just shy of seven years. The repossession company picked it up seven years to the day of the notice of repossession.

People can run. People can hide. But, nothing lasts forever. Everyone leaves a trail. Those who issue challenges to those who have nothing more to do in their jobs but to devote time to finding them or their property or assets have entered a fool's game.

Yes, and quite often they are. It is not uncommon for vehicles to be repossessed while the family who owes on them are on vacation. I've sent agents after vehicles in Arizona and Florida for cars that were registered in Michigan, Indiana, or Ohio.

In multiple years working in the industry, there has never been a never. The repossession company will eventually find your car, even if you chop it up and sell it for parts. I done found them this way myself.

Then the car will be repossessed from where ever your friend leaves it, OR depending on the state, your friend may be arrested for aiding and abetting, or receiving stolen property.

Yes. If the property is found it can be retreived.

It depends on the lender. Prime lenders like Cap One may come after you vehicle after the first payment is missed. Chase might take two weeks from the missed payment. Other lenders may wait 30, 60, 90, or even 120 days before issuing a notice of repossession.

The lender may garnish your wages for a judgment against a debt in Illinois, even after repossession.

When the vehicle is recovered, it is taken to a lot, inventoried, and eventually taken to auction. The amount received at auction is applied to the amount owed, including repo fees and collection fees. In the event the lender obtained a judgment against you for the unpaid balance, they have 10 years from the date the auction proceeds were applied to the loan. If there is no judgment, they have 7 years.

Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.

16140

Yes, under certain circumstances known as replevin, whereby a party is simply gaining possession of an item that belongs to them. Be careful, however, as one cannot lawfully break into a shop or scale a fence to remove a vehicle. If a vehicle is standing out in the open-parked on a lot of a service station or repair shop-and one has the keys it could be taken under replevin. Bear in mind, however, that the business will likely be able to place a mechanics lien or file a lawsuit to obtain money or payment for their services. I would also be certain to have the registration for the vehicle in your possession in case the police are called. The police will not arrest you for taking your own car, but if there is suspicion that you are doing otherwise, be prepared to offer an explanation and to be delayed by them for a time.

call somebody

broke window and jump in

no it can't

Well to put it simply..... YES

You are committing a crime if you knew the car not to be stolen.

No.

Yes they can but if they start harrassing you after you ask them to leave and they dont leave you can either call security and have 'em escorted out or you can call the police and they will make him leave, now if you are hiding the car on purpose it is a felony in some states so be careful what you say :-) the police are there to help you so dont be afraid to stand up for yourself :-)