Repossession

In most cases no, it is a civil matter between you and the bank. They have to serve you then have a sherriff come out to get the vehicle. Duck the process server, and your in the clear. They have to go through a lengthy legal process to get to the point where they can arrest you. If you catch the repo man in the act, he has to drop it by law no matter what bullcrap line he gives you, he must drop it, so if you catch him, call the police fast and say someone is in the process of stealing your car so they respond fast, then get in your car and hold the brake or whatever it takes to keep the car on your property. When the cops come, they will send the repo man packing, but he will be back. I am a former repo man so take what I say as fact. Remember, repo men lie their asses off and say you will go to jail and etc... they will say anything to get the car cause they dont get paid if they don't get it. If you buy a car from a dealership and they "roll" you the car before the deal is funded by the bank and then they can't get it funded and wan't you to bring it back and you run, they can report it stolen, because technically, it is still their car. I hope this helps somebody keep their car a little longer till they get back on their feet.

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co owner

You still pay the car note and enjoy the lawn decoration

yes he does i saw it for myself on television.

No, they are allowed to come and take it away.

It is against state law to open a locked gate.

You should have a few things in your car. Water and some kind of energy bar is always good, just make sure whatever food you decide on can be eaten cold, warm, and make sure it can't go bad. if you live in a cold climate, or have harsh winters, blankets are a necessity. snow chains or tyre mats are good too, but tyre mats can be improvised by using the floor mats. Tyre mats are useful if your car has little to no traction, which is most likely why you are stuck in the first place. First aid kit is useful in a crash, and flashlights are an excellent idea. hope this helps!

If you don't make your payments, the lien holder has right to take the car any time.

is a tort law

how many times can someone cosign a car

If you don't pay for the car it has a lien on it, and can never be sold. You may not be able to get new tags for it if it is flagged.

Co-signing is never a good idea, you are totally liable if they do not pay. If the property is repossessed the repossession will go on your credit records and you will be sued for any deficency in the loan. This means you will pay everything that the other party did not pay.

Very simply - a co-signer of a loan is responsible for absolutely everything as the "other" signer) who may be called primary signer). No difference.

EXCEPT that the cosigner frequently does NOT have possession or legal control of any property involved in the loan, so using it (say selling it) to pay for the loan can be much more difficult, if not impossible.

So whatever the responsibility, or recourse, (legal or financial) is for whatever action or lack of action required under the loan (and frequently under law too as many times you are considered the owner of any property connected with the loan), you are subject to also.

In theory, yes, but it would be expensive for him to do it. Depends how much you owe and how bad they want it.

Cars that run diesel are long lasting than petrol cars.

When you signed the contract to buy "your" car, you are also giving written permission for an agent to enter your private property and take back the bank's car. Read before you sign!

Your car was probably repossessed by the lender who owns the car until you pay for it.

Call your lender and they will be able to tell you how to locate your repossessed car.

Blue book online.

It usually depends upon the repossession company who repo'd the vehicle. In most states, the repossessor has the right to charge a daily fee for storage of personal property so the sooner you can pick it up, the less you will have to pay.

Ha, I'm having the same problem. What I've done so far is get their email and tel. number and bug them every other day lol. Bug everyone in their company if you have to

Up until the time that your motorcycle is actually repossessed, the dealer will be happy to receive your payments, even if they are late, and will allow you to keep the motorcycle. But if you wait too long the repossession will happen.

A gunman who shoots from a position of concealment is called a sniper.

The general rule in auto financing is: One income one loan two incomes two loans. Meaning one person one income one loan two people two incomes two loans. There are exceptions If your income is a high income and your expenses are relatively low, then yes second auto loans happen. Of course it also depends on your credit.

The co-signer is typically a person who signs for the car loan; the co-signer may or may not be listed as a co-owner on the title.

If the co-signer is also a co-owner, the co-owner who is paying the loan can legally take the car. However, if the co-signer is not a co-owner, taking the car would be grand theft auto.

Incidentally, if the co-signer is not also a co-owner and the loan falls into default, both the signer and the co-signer will be identified in credit reports as defaulting on a car loan, even though the co-signer did not have or use the car.

Yes. A bank repossesses a vehicle for nonpayment. If your vehicle was taken for being on a public roadway and not having insurance, it was impounded. When a vehicle is impounded, a lien is placed on it by the agency which ordered the impound. The interests of government agencies override those of the bank, and they can sell your vehicle to recoup impound costs if you do not reclaim it within a specified period of time. In this case, the bank receives nothing from the sale, and you still owe the bank the remaining balance.