Can a buy here pay here repo and resell your car if your insurance is cancelled and keep all the money you have paid already?
Most likely ... the purchaser has to agree to keep a valid insurance policy in force during the loan period. This not only protects you, but it also protects the lender, should an accident occur, their "investment" is covered. If the purchaser negates along the way on auto insurance, then they have breached a written and signed agreement, one that will hold up in a court of law. End point, every automobile must have auto insurance ... that is the law.
Unless its a girl yeah just like on bebe kids that ugly woman that liked robbin
Can you give your buy here pay here lot your car that was hit back and make payments on the difference of it and a new car?
You CAN but, unless you've got some serious savings, I wouldn't recommend it.
If you pay late have a wreck a week later can the ins co. cancel and refuse to pay even if they keep your money 30 days in SC?
You will need to read the agreement you have with your insurance. Usually, there is a grace period for payments. It sounds like your payment may have arrived after that period. If you are certain it did not, keep pursuing the issue. Perhaps you can get a copy of your cancelled check from the bank...
If you did not sign anything, yes. If you have signed some papers, depending on what they are, probably not. If you have signed the agreement to purchase, possibly. Ask the selling dealer to let you out of the agreement to purchase.
Check for "Lemon laws" in your state
If you have paid a payment and the finance company accepted it but still sent the repo man for your car can you get your last payment back?
NO, you owed it, you sent it in and its gone now. sorri
Can you get money back on your life insurance policy if the company cancelled the policy after 15 years of paying?
Why did the company cancel? If you paid your premium, they can't. Was it a whole life, permanent, Universal Life or term policy. If term, there is no cash value.
No.This depends on what the original contract reads, jurisdiction etc. But... and there is all ways a butt:Be careful: Many junk debt buyers will make all sorts of illegal threats to get your money.
You can find a list of car dealers offering Buy Here Pay Here financing at various websites. A good example would be BuyNPayHere. They have a list which is seperated by state and city.
Can a collection company take your car to pay a debt if they have a judgment already filed against you?
I don't think they can take your primary car or home but they can make your life a living hell. Ask a lawyer just to be on the safe side.
Your car insurance company shouldn't take the money back or consider it fraud if you don't use the insurance money to repair the vehicle.If you try to keep the money from your comprehensive insurance for hail damages, your lien holder is going to take issue that their asset is not being repaired.
There are many car dealerships that offer the service "buy here, pay here". Auto Trader is one of the most popular car dealers that use this type of service with their customers.
The best way to be sure that if you pay for a car online that the seller will not disappear with your money is to use a secure form of payment such as Escrow. and paypal
Theoretically yes (though what the car is resold for is applied to the balance of the debt as a credit). However, lenders know their chances of getting that money are slim to none, because if you'd had the money you would have been making the car payments in the first place. So they tend to try t...
Miscommunications between lender and repo companys have happened. Were you still in default of another part of the contract?? Ins.??? If the note has been paid in full then NO! Insurance is not a factor if you own the car.Sounds like you got a good lawsuit.
The person/company that sold the car wants their money. They don't care who pays it, as long as it gets paid. Condolences for the loss of your husband, but you get to keep the car as long as you keep making payments.
If person A rear-ends person B and Person A's insurance pays can Person B get a quote and collect money or do they have to wait for the bill and have insurance pay or reimburst themselves?
It depends on insurance company A . Ring them up and say "can I have the money." If you say you can fix it yourself for less than any of the quotes they may well say yes.
You usually have to have insurance in case you have an accident. The finance company can then retrieve the debt from the insurance company. If you do not have insurance then they will have to retrieve the debt from your other assets such as your house if you have one! If they perceive that you ar...
In the United States the answer is "Yes" you can buy Auto Insurance without a license. In fact you are required to be insured before you take your driving test to get your drivers license.There are many Insurance companies in the United States that will issue your Auto Insurance Policy without yo...
There is still a lien on the car.Answer: In general, when you make a claim against your own auto insurance policy, you can choose to “cash out” and receive money as compensation (minus your deductible amount) instead of having your insurer pay a body shop to fix your vehicle.
yes but find a place where its dark
If you have the papers and bank statements that you have paid a car can the car lot take and sell your car?
ok are you buying the car or selling? if you have bought it and the only thing you arre wating on is the title then no the car is yours if you are selling the car the car deaile can get a lost tiile for it
yes you can. a vehicle can go to any car dealer. no restrictions
Is it possible to trade-in a car that is subjected to a repo for missed payments if you now have the money to pay those payments?
As a rule, ANYTHING is POSSIBLE. IF you are willing to pay the price. Dont make any false statements in writing.
If you have not paid on your car for several years and lost the paper work how do you find out who you owe and where to pay?
Request your credit report and the information should be on there.
Acually no, it will just get towed.
Yes, they can. The repossessor has a lien against personal property for "reasonable" expenses incurred in storing the property and notifying the owner. If you don't respond within thirty days of the notice, they're supposed to notify you again; if you still don't respond after thirty more days, t...
If I were in an accident and the other driver is faulted there insurance provider has paid the claim do I need to have the auto repair done or can I keep the money?
You can keep the money. You don't have to repair the car.
Not making the entire payment is still a default on payment. You will be charged the late fee and you will need to make it right with the bank or they will start the process of repo.
That would probably be a desperate move on their part. They have plenty of other means of finding you.
yes. parents are only required to provide you with food, water, shelter and one shirt, two shoes and one shirt.
If you don't have the car and you didn't pay any money on it but you did sign the papers can you get out of a car deal if you were supposed to bring them the money the next day?
In New York, the law gives you 3 days to change your mind. Just go in and tell them that you don't want the car.
Can you back out of a car deal if you already signed a contract that states you paid 4500 dollars down that you didnt pay and you didnt even get to take the car home?
Some states have different laws, but in Virginia, the deal is not finalized until you take possession of the car. It has to physically leave the car lot. Also, the bill of sale and contract have to correctly reflect the actual transaction. If you did not pay 4500 down, and the car lot is trying t...
You are still obligated to make your first payment even if your payment booklet has not arrived. Your paperwork should have included a form which stated the contact information for your lending institution in the event this scenario presented itself.Buy a car, read the paperwork, understand the p...
If the lienholder repos car due to default and you never missed a payment and continue paying off car is that no different than a regular repo?
When it gets to your CR, a repo is a repo is a repo. Theres only one.
Up to the lienholder but once you default they are entitled to the security and there are expenses involved as well to resell depending on who, amount, value of car and how far along they are in that process will decide it for them. Obviously they will cut their losses as much as they can.
The vehicle can be repossessed.
Yes, minus your deductible.
Usually, once you have missed the payment, you will be given notice that you must pay within a set period or risk having it cancelled.The amount of time you are given will normally vary depending on the insurance company (check your contract) but will often be between 10-30 days.
Usually, an employer will request that you record your mileage when performing business functions. The mileage is then multiplied by the current IRS standard mileage rate and an expense check is issued on payday. The current IRS standard mileage rate (2007) is 48.5 cents per mile driven for busin...
You bought your car in Tennessee it was financed at a buy here pay here you moved out of sate without notifying them and im behind on payments can you get in trouble?
You probably already are. I am sure they are looking for their car or their money. It is part their car until you make that last payment. They have a legal lien on that vehicle until you pay off the loan. Do not make a bad situation worse by not doing anything. Contact them and tell them where yo...
If you don't completely own your car, then the answer to this question will most likely be no: money rewarded for repairs will go directly to your repair shop.However, if you own your car outright, you can do whatever you wish with the money you receive from an auto insurance payout.
How can they still get money from us if they got 10000.00 at auction and you have paid 10500.00 do you still have to pay 10000.00 more for a car that cost 17000.00?
You paid $10.500 for auto. It went to auction! then it must of been repoed! How much did you owe on auto when it went to auction. the auction paid 10000 & THE COST WAS $17000.Did they send you a paper showing balance owed to car along with auction sale price. I wouldn't pay another cent to them.
Kind of an odd question. If you get burned from something on your car, that isn't caused by a mechanical fire , I doubt if your insurance company would pay you anything. Their liability is for accidents and damages done to other cars in traffic accidents. You need to provide more info for a bette...
Not if its a chapter 7 BK; there is too much equity (value) in the car (since most vehicle exemptions are about $3,000 or lower. If filing chapter 13, it might be possible to keep the car. But if its a chapter 7, it is highly likely that the car would be seized and sold off by the BK trustee to p...
Then you're still liable for the money you owe the lienholder.
If you paid the remaining balance and recovered your vehicle but the repo man busted the steering column can you get the lender to cover the repair?
IF the lender wont get it fixed asap. call a local attorney.
Assuming that you are at fault for the collision but were uninsured, you would be personally responsible for the damages proximately resulting from the collision. "Fault" equates with the legal theory of "negligence". Negligence is the failure to adhere to that degree of care that a hypothetical ...
Unfortunately if there is nothing in writing in terms of a promissory note or other proof that you were to be paid back, there is nothing that you can do.
No because you are going to make a payment for that car already!
By paying down the principle you decrease the amount of interest you pay on the loan. This will save you considerable on interest charges over the life of the note. If you simply pay an additional amount on the loan each month, over and above the required payment amount, you will also pay the loa...
Depending on the damages and injuries that you were ruled at fault in, you could end up paying a lot of money (often times in the millions).If you do not have enough money to pay for the amount you owe, you can lose your home and any other assets of value.As you can see, not having insurance can ...
The only way to know for sure would be to call the leasing company and ask if they allow an early return based on your circumstances. I am sure there will be charges involved, but it would be better than ruining your credit with a voluntary repossession.The other possibility is that you could try...
What happens if someone keeps driving a car when the lease is up and it was already in repossession?
Cindy Lynn, what is a "normal" repo? Whats "normal" about someone wanting to drive a car and NOT pay for it? Can a warrant be placed? In a few states, yes. You should check out your definition of "NORMAL". I think yours must include "gambler", "wishful thinker" or other terms. Good LuckCindy, why...
If someone is late paying you money and you have a promissory note how do you go about repossessing the car?
Talk to you local county attorney.
yesIf you are on the title as lien holder. If not, you will need to go to court and show that the person with the car has defaulted on the contract.
The institution that has a lien on the vehicle.
If you have car insurance and your child takes it without your permisson and wrecks your car are you covered?
only if you have full covrage.if you only have liabilty your screwed unless they had your permisson.it's called auto theft to the insurance co.if you don't press charges,then you get to pay for everything.
You have to pay taxes on the car where you register it.
No, however, they usually will offer a "buyback" price, if you want to buy it back. Once they total, and pay for it, it is their property. This is assuming this is a full coverage issue, where they would have to fix the car. If it is a liability only issue, in other words, they have to pay for da...
That is probably a violation of your rental car contract and you can get in a lot of trouble for it, especially if something happens to the car. Your insurance company might not cover an unauthorized driver on a rental car, and if there is an accident, you would be held liable for all the costs a...
You can get a bail bondsman to work with you if you don't have all the money needed by offering up collateral. Collateral such as a home or car can be used to make up the difference of the bond in most cases.
Yes a vehicle can be repossessed if the loan is not being paid on.
Unfortunately, you would have to pay a use tax just because of the way the government works for car taxing, the tax would be small, but just to make sure that you don't get fined extra, you might want to look into it some more. just for the reason that I'm not a car taxing expert. you could call ...
It depends on many aspects, however since it already has a salvaged total it will be significantly lessened than if it didn't already have a salvaged title. Your insurance company should be able to give you specifics as to why they are offering what they do.
Yes you will. the tax on that car will be the same as if you bought that year of auto in Texas
Grammatically, of course not.The term "pull you over" means "to stop a moving vehicle at the side of the road".Clearly, if you are parked, you are already pulled over (past tense) and thus the cop cannot put you over.There are some offences, e.g.parking, that you can be ticketed for even though y...
What can you do if you have had your car repossessed before and you are currently paid up on your payments but one of the checks bounced?
Sit back and wait for NOI letter (Notice of Intent). * The majority of states do not require notice before a vehicle is repossessed. Contact the lender and explain the situation. And hope for a positive outcome.
The car insurance policy can be cancelled by either the insured or insurer before its expiration or termination date.Most carriers will usually reinstate a policy that has cancelled due to non-payment if the lapse in coverage has been less than 30 days, and there have been no losses.
Can you cancel a auto contract if you cannot be financed and what happens when your cosigner backs out and you need them to buy the car and is there a special law in Pennsylvania?
Fixing your credit rating will help, and try to find a new co-signor, or get a loan through one of those "everyone's approved" places IE GoAuto... however watch out as their interest rates can be high
If you are the owner of a car can your parents insure it and put you as secondary driver to save money?
Yes, they can. It might vary by state and insurance company, but if your parents insure it, and put you as a secondary driver, and one of them as a primary, it is legal. The problem is usually the insurance company will charge the premium based on the highest step (or highest risk) driver on the ...
Can a dealership repo your car when you paid them 4000 down and was scheduled to make payments starting the next month but you had a verbal agreement between the co-owner to pay 60 days later instead?
Yes. Once a contract has been defaulted on, the lender may take whatever action they choose to recover the vehicle and the debt that is owed. The agreement between the two buyers is not relevant as it does not affect the terms of the contractual agreement between the buyer(s) and the lender.
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or mo...
In the state of California can a auto repair shop repo your car and keep it on their lot and do repo companies need to be bonded?
Does the repair shop have a lien on your car for you not paying them for repairs to the car?If they do have a lien then yes they can seize the vehicle until you satisfy the lien. As Tank said, they need to have a lien on the title. You have to have signed an agreement with the shop stating that t...
This depends where you live. In some countries the car is insured itself and anyone can drive it, but in other countries a car owner is insured. In the countries where the owner is insured, you will not get insurance without a valid driving license as you are not allowed to drive the car anyways!
If it drives, take it to the finance company and hand them the keys.
YOU HAVE to build it all!!!
If you drove someone else car and they did not have car insurance but you have car insurance will your car cover the damges of the uninsured car?
If you're over 25 and have comprehensive insurance, you're covered third party only on other cars, so it wont cover the damages of the car you were driving, but if there was a third party involved they're covered.
What to Do If You Can't Afford a Car Repair Bill Negotiate with the mechanic. Shop around. Barter with someone who's handy. Get a personal loan from a family member or friend. Use a credit card. Sell personal items for quick cash.
If someone is subleasing your car and hasn't been making payments can you have a repo agent get the car and could the subleaser sue you if you do?
READ your contract. Sub leasing might put YOU in DEFAULT. Is the lease in writing???Is YOUR name on the title? IF so, go get your car.
Maybe. If you plan to trade your car in for another one, a dealer may accept your current car, pay off the note and provide financing for another vehicle.If your goal is to acquire a second car, then you may be able to swing two notes or car loans.Several factors will determine whether you can do...
just take it back where you bought it and tell them you can not pay, but have a ride home with you
Then tell the Repossession agents where it is and who has it.
It will probably depend on your state laws but in NC and SC and most others the answer is YES they can resell it. Some states just require a letter to the customer as a Notice of Resell...and in some cases, they can keep all personal belongings at the time of the repo.
YES, even though the repo may be expensive you may only pay part of it. Even though your probably better off just buying a new vehicle because you have to pay all of the repo
YES, its a fee for inventory and storage. as a constructive bailee, they are legally bound to protect your stuff.
they usually do not give it back. once they take it, it is theirs.
If you are involved in an accident with a person who has no insurance and they are at fault does your insurance pay for repairs to your vehicle if you only have liability insurance?
No, Liability Insurance is just as it says, Liability only pays for damage you cause to another. It will not pay for damages to your vehicle if you had only liability coverage.s from other contributorsUsually they don't. If you had no type of uninsured motorist protection which doesn't cost that ...
Until they find it. If it is charged off on your credit report then the creditor sold the note to a collection agency who will hire a repo-man to track down the car so they can recover it and sell it to make the money back that they paid to creditor for it.