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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

Can i register my car if I didn't pay the car note for 10 month?

no, chances are youll get it impounded. and have to pay a fine of up, but not limited to 5000 us dollars.

Does the finance company own your car if the dealership is out of business?

If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.

Who holds the record for the most cars sold in one day?

Brett Chadwick from perth Western Australia sold 10 in a days work with trade ins and while doing deliverys as well..got the otp to prove it

Can navy federal bank continue to take money even after you spoke with a representative and made payment arrangements?

If you made clear arrangements (and have a record of this that you can supply as proof) then the bank should honour their agreement with you. If they have not done so write to the complaints department supplying the proof of your arrangement and detailing how they have broken this. Request politely that they return any funds they have taken and that they honour the agreement (YOU must honour it to, TO THE EXACT DAY you said you would make payments).

What happens if you can't pay for an eBay item that costs more than 1000 because another user that you sold something to can't pay you?

You are still responsible for paying for the item. If you fail to pay for the item, your eBay account may be suspended.

Can you tow your 1999 Mercedes Hardtop Convertible behind your motor home by putting your car in N and then pressing the tow button - does it disengage the drivetrain?

Yes, you can tow it that way. No. It does not disengage the drive train. It is also likely to wreck your car if your steering wheel is not locked so that it points straight ahead. It could also tear up your transmission. It is also illegal in some places. An exception occurs in some of those places occurs when the car is broken down and you are taking it to a repair shop, otherwise you get a ticket. Still, you can try if you want to.

If you have ever noticed cars going to races or car shows are not towed that way. Race cars are not towed that way. They are usually towed on a separate trailer.

Can a finance company threaten to repossess car?

Yes, depending on the state in which the vehicle is domiciled and the loan is originated.

In general, if after thirty (30) days a payment is not made on a vehicle then a finance company may notify the borrower that they are going to reposess the car.

For customers with good credit, the threats do not come until after sixty (60) or ninety (90) days. For customers with historically poor credit, the threats will come as soon as possible (30 days).

Can a promissory note be negotiable?

It is when it is like a contract for a mortgage or car loan, and may be transferred unless you have it in writing that it is NOT transferrable. For personal loans, etc. , make sure it is notarized or you may end up in court.

How long before Aarons sales and lease can repo?

aarons can repo as soon as you have missed your first payment as long as u give up the product if u dont nothing really they can do about it

What can happen if you finance a 20000 dollar car and don't make payments for a year?

the possible thing that could happen is your car gets repoed and your credit goes down the toilet for that mistake

What can you do if a car hits your car and you have no insurance but he does?

If the other party was at fault for the collision (negligent), you should assert a claim against the other driver/owner. Contact him/her in writing, assert the nature of your claim, and ask that they contact you to pay for repairs. Copy the insurance company with the letter, and make reference to the policy number in the letter so that the insurer can identify it and assign an adjuster. Ideally, you should get a repair estimate before or while you are doing this. Take pictures of the damage, too.

If no one responds within a reasonable time (10-14 days or so), you are free to file suit. The court in which you file will depend upon the court rules of your state, as different courts have different monetary jurisdictions, so you should contact the Clerk of Court for guidance. The lawsuit needs to be filed with the Clerk (for which there will be a fee), and a copy of the suit papers served (delivered) to the person(s) being sued by the Sheriff or a private process server (who will also charge a fee). The matter will thereafter proceed through the court system, and it will be your burden to prove at trial that the other party was at fault for the collision.

If the other party was not at fault and you have no physical damage insurance on your car, you will have to pay for repairs yourself.

How do you make a car stop beeping?

After an increasing amount of frustration with the overly safety conscious truck that is often driven no more than 400 yards between houses on a private road before the seatbelt warning alerts you of your impending doom of being struck by an 18 wheeler falling out of the sky, i suggest torching said vehicle.

Can you return a leased car that was forced on you?

IF you signed a contract, it wasn't forced on you. If you didn't sign a contract you can return it as you wish.

How do you write a letter for a car dealership stating you live at work where you pay no rent or utilities?

Explain that room and board are part of your compensation package. For some jobs, such as nanny or housekeeper this would not be unusual.

Can you register a car being repossessed?

The tow/repossession company has to notify the police of the repossession so the car can't be reported stolen..

Who owns car with registration number MAY 10R?

It is currently showh on a mangled Bentley for sale on Autotrader by SDW Services telephone 01293 862962.

Why do finance companies hire private investigators for repo?

Finance companies do not ordinarily hire private investigators to repossess a car. They normally hire repo professionals to do that. These folks investigate the whereabouts of the vehicle, identify it, and tow it back to the rightful owner, the rightful owner being the finance company. However, the vehicle is usually towed to a staging lot, usually the repo's business address, and arrangements are made to make up the payments by the buyer, or, repo places a for sale sign on the vehicle.

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