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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

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11y ago

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Can you be arrested if you haven't made a car payment in 6 months and it stays on your credit and is it safe to drive your car around?

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.


Can a creditor reposses your vehicle if you have the automobile and the title?

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.


Does a lender have insurance to help write a car off when they can't find it to repo it?

They might. The liability of the person who has hid the car will be the same.


Can the car lender reposses the car because of bankruptcy 7?

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.


Can they reposses your second car for the first defaulted car?

no


How can you find out if a car is wanted by the repo man?

If its not your car why do you care???


How do you reposses a car if you do not know where it is?

You search for it.


If you get a cash loan against your car title can the lender reposses your car?

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


What can you do if you sold a car on payments privately and you still have the title and the buyer is hiding and not making payments?

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


How can you find out if a car is in repo?

Call the bank and ask.


Can a repo company find your car through your credit report?

Yes. I find you, and there is your car too....


After 15 days can a company reposses your car?

can a finance company reposses your vehicle if you made your payment on the15 day