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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

What does reserve off mean in a car auction?

The sellers have the option of placing a protective price on the car. If the bidding doesn't reach that price, they are under no obligation to sell the car.

What do you call the person who repairs your car?

The person who repairs your car is called a mechanic.
machinate

Why is it important to make payments on time?

If you fall behind on payments you may often receive late charges.

Is Car insurance required if you have no car?

No, it isn't usually required. But when you buy a car you have to do an insurance first. So that you can't face any problem in future. Nowadays, there are so many insurance companies available like mymoneycomparison.com. But you have to choose the best one who provides you best policy based on your personal circumstances & budget. Thanks.

You have just been told you are going to made redundant from 01 Jan 2010 you have recently bought a car in September on finance and your 3rd payment of 36 will be made this month can you send it back?

Generally the news is bad: The lender is normally not concerned about your financial situation.

However you do have a few options:

1. Try it, they can only say no, in which case you've lost nothing.

2. Check out your financial agreement, you may have insurance coverage for retrencment. In some countries and with some institutions it's a standard. Some banks actually insure your income when you open up an account so it may be worth your while speaking to your bank.

3. Check with your innsurance company, they may hav a coverage clause as well, although it's ot standard practice it's worth a shot.

4. Ask what price you will get from a trade in. It may be worth trading/selling the vehicle and then working out a payent plan, with your lender, for the remainder. The sooner you do this the more the car is worth and the less you wil have to pay back.

5. It may be worth you while advertising it in order to sell, but as with the point above, you generally lose anything from 20-30% of the value the moment you drive the vehicle out of the shop!.

6. The lender, as a last resort, will repossess. They will then auction the vehcile off. But remember your vehicle will be one of many hundreds and won't fetch a hihg price. This means you will still have to pay back the difference between the amount you borrowed and the ehicle auction price. So it's better to try to sell the vehicle before they repossess.

Can you have your car towed if you or the car are no longer insured?

Yes. The tow company assumes liability when they hook up, however, this is only in a liability sense. I would just call one, and ask them.

What are the lyrics to chromaggia by repo?

Tanto tempo fa,

Un uccello fatale di nome,

Chromaggia,

Incrociò in volo la freccia di un,

Arciere,

Lungo le coste di lava,

Per anni, pensando di essere,

Inseguita,

Scappò dalla freccia,

Chromaggia, Chromaggia,

Perché non affronti il pericolo?

La freccia era legata all'ala,

E lei volva per liberarsene,

Tirando la freccia,

Altri son ferriti per mia colpa,

Mia colpa,

Giú! Verso la bocca del diavolo!

La sua freccia, I miei occhi.

Chromaggia, come take these eyes... !

I would rather be blind!

English translation:

A long time ago

a fatal bird named

Chromaggia

met the arrow of an archer

while flying.

Along the lava coasts

for years, thinking it was being

chased

it escaped the arrow

Chromaggia chromaggia

why don't you face danger?

the arrow was attached to its wing

and it flew trying to shake it off

Pulling the arrow

others get wounded because of me

because of me

down! towards the devil's mouth!

its arrow, my eyes http://lyricstranslate.com

Can they repocess a car if you file bankruptcy?

Bankruptcy filing does not stop a car repossession. The contract you entered into most likely gives the lender the right to reclaim possession of the vehicle if you default on the terms. Depending on the bankruptcy chapter (7 or 13), you may either a) Have to pay the deficit over time, chapter 13 or b) have the deficit forgiven, chapter 7.

The deficit is the difference between what you owe (+ repossession and disposition fees) on the vehicle and what it brought at auction. The lender is required to get maximum value for the car at sale. Genrally, courts have held that wholesale value satisfies this requirement. Therefore, the deficit is likely to be quite large.

Can you lease a car for a month?

Very less car hire companies offer one month subscription. Most of the car companies offer minimum 6 months and maximum of 12 month car leaseafter this period you have to renew the contract.

Could you get car insurance with no car?

Not without insurable interest in a car.

If you do not have a car, you do not need to have insurance. If you rent a car, you can get insurance for the rental, but that is a temporary policy.

If you have permission to drive the car, you should be insured under the policy of the person from whom you borrowed the car.

In the state of Ga can your car be repo for being two days late?

Usually there is a grace period for late payments; however it is not a requirement.

Can someone get in trouble for report a false report about a car being stolen if someone refuse to make the last payment because she doesnt have the title?

Let me make this clear ABSOLUTELY I have been in the automobile business for 12 years. And that is a huge deal if the person didn't make the last payment for some reason take it to small claims court.

Can a repo man come on private property and move a vehicle to get to the car they want to repo?

First question: Yes, they can come on private property, with some limitations. They may not enter an enclosed building or cross a locked gate.

Second question: Unless they gain consent of the owner of that vehicle, they cannot enter or move any other vehicle in order to get to the vehicle they're repossessing.

What does a charge off mean on my repo'd car?

Your creditor added a negative entry (a charge-off) to your credit report and will continue to attempt to collect on the debt.

Can you can be repo behind a deferred payment plan?

No. Because the loan is deferred. meaning its post poned. which means you should not have to make payments until they change the status of the loan deferrement.

Ex: with my student loans they are deferred until I'm done with college or i stop going to school

What is Washington State Law for receiving a paycheck a day late?

Washington State law allows Mallory to be paid up to 36 hours late.

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