If you are trying to buy a specific car, you can contact the bank or whoever holds the lien on the vehicle for more information. You may also start online with a free directory search for banks and other financial institutions who are selling repossessed cars.
There are also other alternatives. You can go to either offline or online public auctions. Even though these auctions are attended by a high number of car dealers, you can still find very good deals, particularly since you're buying for yourself ( not to resell afterwards ).
Besides public auctions, you might also consider government car auctions. They're repossessed auctions where a government contract was involved in the original purchase. They're pretty safe environments and you can save up to 90% or more by attending the right auction. Just find as many as you can in your area ( so that you increase your chances of finding one with few other bidders ) and familiarize yourself with the local rules and codes. Before bidding, always have the vehicle inspected by a mechanic and get a vehic
Failing to repay money that you owe is not a crime. The lender can reposses your car and/or sue you, but you won't be arrested. If you drive the car around, the only real risk is that the repo man might find it and leave you stranded.
Yes, IF the lender has a contract specifing the car as collateral for the loan. Once you use the car for collateral, all the titles in the world wont stop the repo if you default the loan.
They might. The liability of the person who has hid the car will be the same.
A creditor cannot reposses a car without BK court approval (i.e. relief from the automatyic stay). However, if you do not keep paying the car loan, a BK will allow a creditor to reposses the car.
no
If its not your car why do you care???
You search for it.
You DON'T have the title if you have used as collateral, remember, you signed it over to the them.....Yes, they can get the vehicle
First you have to find the car, then you can repo it yourself or hire a repo company to do it. Email me if you need more help. Good Luck
Call the bank and ask.
Yes. I find you, and there is your car too....
can a finance company reposses your vehicle if you made your payment on the15 day