If you are a senior and thinking about having your car voluntarily repossessed and your daughter would then give you her car as a gift will the finance company have any rights to the second car?
If a mechanic has a mechanics lien on your car will this prevent the finance company from repossessing your car or prevent you from voluntarily having car repossessed?
No, what will happen is this: the finance company will pay off the mechanics lien (usually) and tack that on your loan balance, it would be considered a repo fee.
Unfortunately, yes they can repossess your car. They have the right to take it at any point that you do not make a full payment on or before the indicated pay day. The only exception is if you have a written agreement that states you have a grace period.Otherwise there is nothing you can do about...
Whenever they get around to it is about as much of an answer as can be given. It'll depend on what sort of workload the repossessor has on their hands - involuntary repos tend to have higher priority, as they figure someone who seeks a voluntary repo isn't likely to flee or try hiding the vehicle.
Returning the Car to the Dealer “Keep in mind you have a legal obligation to pay the terms of the loan and the car dealer is typically not the finance company who holds the loan (unless they are 'buy here pay here').Either way you cannot simply 'give back' the vehicle to a dealer and walk away.”
You are unable to make the loan payments, so the lender is taking the vehicle back.It will be sold to recoup as much of the debt you owe as possible.If there is still a balance remaining after the sale and you don't pay it, it could be turned over to a collection agency.
What are your rights if you had a car repossessed 10 years ago and a creditor is calling on behalf of the finance company asking for money?
Each state has a statutes of limitations on loans. Check the following site for your state. http://www.creditinfocenter.com/rebuild/statuteLimitations.shtml Please know that the clock starts ticking on the date of the last activity on the account-- which should be the date the car was sold or auc...
If your car was repossessed voluntarily sold in auction for over 5000 dollars why would the finance company still want an amount over 10 thousand dollars?
OK, you signed a contract agreeing to pay ABC lender "X" dollars per month for "X" months. That = "XXXXX.00" dollars.Lets say $20000.00 for even numbers. You paid them 3000.00, the car sold for 6000.00. That's $9000.00 that has been applied to that account. But that leaves $11000.00 still due on ...
finding people who dont want to be found is the repomans job. MOST of them are VERY good at it too. good Luck on hiding the car. Remember, cars dont just fall off the face of the earth. Someone knows where they are.And usually will tell if the price is right.try stoptherepoman.com, I found it and...
Yes, the loan from your finance company is a legally binding contract between you and them. You are solely responsible for the fulfillment of that loan.
Do you call the finance company or just take the car to the dealer if you want to do a voluntary repossession and do you need to inform the finance company you're taking it back or will the dealer?
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
When giving a car as a gift what taxes does the person receiving the gift have to pay in Connecticut?
No sales and use tax is due on a vehicle or vessel received as a gift. A Motor Vehicle or Vessel Gift Declaration AU-463 is required, signed by the donor. The donor cannot receive any consideration (cash, property, service, assumption of debt, etc.) in return. Please be aware that a donor who giv...
In Georgia Can a repossession company remove your car from your locked garage if the car was a gift and not in your name?
A repossession agency cannot enter a garage locked or otherwise to recover a vehicle unless the agent has a replevin (court) order to seize the vehicle. Additionally, a vehicle cannot be gifted in the usual sense, to another person unless there is a clear title, meaning the vehicle has been paid ...
From experience, yes, you do have the right to get your belongings out of the car. You must first contact the repossession company and find out where they are holding your car.Second, you must bring a photo ID and in most cases, money for a fee that they charge.Third, they will have you sign a pa...
Could be a clogged or partially clogged fuel filter, and/or the fuel pump itself. The asker doesn't say whether the car will restart immediately after is stalls or not.
If a dealership assigns a car to a finance company and the finance company says you don't owe them can the dealer repossess?
If the finance company has been paid in full, then why would the dealership (or the finance company) want to repossess your car?If the loan hasn't been repaid and is long overdue, then the dealer and finance company will probably decide who actually repossesses the car. Either way, it's up to the...
Nope. Should have made the payments.
Call a local attorney for state specific advice.
Yes - unfortunately you didnt borrow a car, you borrowed money. Your car has depreciated faster than you have paid off your loan it is your responsibility to pay the rest not the finance companies.
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
If your car was just repossessed will they let you get it back if you have the money and how long will it take to get it back?
get it back?? prolly, depends on your payment record,ect. They really dont want the car, they want the MONEY. How long?? a day or two
If your brother crashes his car and you join the same insurance plan as him will you have higher rates?
If you are both on the same plan and one of you is paying the premiums, whoever pays the premiums will see an increase in the plan premium if the was brother at fault in the accident. Each brother should be on his own policy and pay for his own coverage.
Can you get coverage for a used car for your daughter who would be the sole user and who would not be allowed to operate any other car?
While most states have their own insurance rules, you more than likely can do as you would like but you would need to sign a waiver indicating she would not be operating the other car, and if she did there would not be any coverage if she was in an accident.
Does a car company have the right to repossess a leased vehicle if it is fully insured and all payments are on time and are you obligated to take it back if it is unlawfully repossessed?
if a vehicle is unlawfully repossesed, you can get the vehicle back, and claim back all monies you have paid, and keep the vehicle without any further payments being made as long as you have proof you were up to date You are never relieved of the responsibility of paying for a vehicle or the leas...
Do you have to disclose where the car is located to the finance company in order to allow them to repossess your car?
No, you don't have to tell them. Try to make up the payments though.If the lender gets a court order, a "writ of replevin," then you have to tell the sheriff's officer where the car is when he comes to the door.
in Florida just state tx when registured
You were driving, you got the ticket. Even if it was a faulty equipment ticket, it will be on your record.
If you are hiding the vehicle or continuing to use a vehicle that is no longer yours, you can be arrested for theft or fraud. Most lending institutions just repo the car, but if they have reason to believe that you're keeping their property from you they can go after you in criminal court.
It depends on what company you have insurance with, where you live, and how much coverage you have been paying for.I have The Hartford Insurance. I was in one, I was at fault and they paid for repairs on the other guy's car and my car.It all depends on how much coverage you pay for in your premiu...
When your car is repossessed will the finance company generally allow you to make payment arrangements on the deficiency or demand payment in full?
make payment arrangements on the deficiency???? IF you mean the amount you're in DEFAULT on, NO If you mean the amount due AFTER they sell it, USUALLY NOT. Why?? You couldn't pay notes on a car you could drive, so why would they think you will pay on a car you DONT HAVE??? NO lender WANTS to repo...
Why would a car stop running on the freeway and then refuse to start again as if it weren't getting any fuel?
did it give a code ?it might not if it is one of these it could be the fuel pump or not getting no fire. check these two things first.
Can a finance company repo your car in Texas and then place it on their lot and sell it without notice to the buyer if the finance company also owns the car lot?
Yep. That's the buy here/pay here way of doing business. Make loans to people who can't qualify for a bank loan and when you show them that the bank was right, the car goes back on the lot.
495 case international that will run for a little then it will lose prime on the second filter Has anybody have any ideals?
You have an air leak! Your fuel system is gravity fed until that point. Either your primary filter is completely clogged and the pump is drawing air through a leak in the line or filter housing, or you just have a bad leak in either of those. That's the only way air can get in there.......
If your car was repossessed is there a law stating how much a finance company can sue you for after it has sold the car?
Sure is, they can get a judgment for the balance due on the loan minus what the car sold for PLUS any fees incurred(repo,attorney,auction,ect.) It should be in the contract you signed.
NO. the repo rate would go to the bottom if they told you. BTW, they already did in the CONTRACT. Look at the DEFAULT clause.
You co-signed for a car for your ex and agreed that the car is mine as long as the payments are on time so do you have any rights to the car as a co-signer and is she legally able to repossess the car?
no she has np legal right to reposess the car u r both on the tiltle and registration and even if she wanted ure name off the vehicle she would have to apply for a lon just in her name in order to get ures off
If your car's repossessed and they take it to an auction do you have to pay anything and how long will it be on your credit?
You dont HAVE to pay anything. You may not get credit in the future because you dont pay. It will be on your CR usually for 7 years. Depending on where you live, if the lender gets a judgement, they could garnishee your wages.
In a car repossession does the bank have the right to withhold information such as the name of the tow company?
No they don't, but let me tell you FORD did it to me for almost a week. And unless you have the $$ to sue them, they will drag it so the Repo People get more money for storage.
When a car is voluntarily reposessed will the finance company normally allow the difference to be paid in installments or expect it all at once?
They want it all at once. The judgment they will get will be for ALL of it. VERY few people pay notes on cars/trucks they DONT have.DO NOT give them a written or spoken agreement that you will pay anything. You should always find out what your rights are first. (And they will not offer that up to...
If you bought a car for your daughter but not in her name and she is not paying payments now what can you do in Texas?
Nothing. the owner of the car (name or names on the car loan) is responsible for the payments. If it is in your name, take the car from her. Most cars 10 years & younger can have a key cut from the dealer by the VIN code. Have a key made, & take the car (only if it's in your name)
If a car is financed in Texas and repossessed in Kentucky can the lender garnish your wages in Kentucky?
If a garnishment has been ruled against you in a judgment it can be collected no matter where you are.
Your daughter has a 2002 Landrover Freelamder The key goes in the ignition but will not turn Any sugestions as to the cause?
Try turning the steering wheel until it locks before you try it, though I'm not sure this will work.
Then you're still liable for the money you owe the lienholder.
Why will a car start and run for a few minutes then loses power to the engine like you stopped giving it gas dies and will not start again after about 10 minutes you can start the car again?
i can start the car, and it runs for a few meters, dies out like im giving it no gas. then it will not restart. after sitting about 10 minutes or so, it will start again and is drivable for a few more meters, then dies again to have the whole process rinse and repeat itself . it also makes a loud...
If you are going to get married cosign on a car with what your married name would be and then do not get married do you still have rights to the car?
Im not a lawer but I think you committed a crime by not using your legal name. 2nd If you are the cosigner then you ultimately are responsible for the payments and your good credit rating. Why would you consider marrying a guy that needed a cosigner he is pretty immature. Listen to Dr. Laura she'...
Yes, you can legally, but some car finance companies will not allow someome who is not on the load to be put on the title.
Who would have legal right to car when mother dies and leaves car to sin in suicide note son verbally and physically gives car to daughter but son still has title?
I don't think anything has changed. Son owned it prior, note may/may not be valid (due to duress) but even if so states what is already a fact son owns and registration will match title so unless she is on both as a co owner he can get the car wether she want to give it up or not.
If your car is repossessed in Montana and you pay the finance company the total amount you owe in full plus whatever fees are they required to return the car?
If they take the money then yes however they have the right to refuse the payment since you are in violation of the loan agreement.
What do you do if the finance company threatened to take your car because you were having trouble with payments but now you're ready to give the car back but they don't want to take it?
You cannot just "give" the vehicle back to them. If you cannot continue paying for the vehicle they will continue to threaten you trying to get their money back from you. When they see that it is hopeless they will repossess the vehicle and auction it off. I haven't read your contract, but probab...
You would owe any payments not made up until the day the car was taken. So, if you hadn't paid for two months and they took you car, you would owe those two months.The borrower would owe all back payments and penalties plus any difference in the amount of the loan and the amount for which the veh...
If you have bad credit and you need a car and you have money and nobody will give you a car what do you do?
There may be several options available to you. # If you have enough saved you could buy an inexpensive car for cash. Then when you have a better credit history you can get a better car. # There is a program to help parents with poor credit to buy a car. It is called Ways to Work. You can find the...
What would cause a car to stall after driving any distance then if I let the car sit for about 10 min it starts back up and I then can go another 20 miles .?
On an older car a faulty choke would cause this, or a faulty float and needle valve in the carbureator; in a newer car any number of malfunctioning sensors can cause this.
What happens if a finance company refuses to repossess your car but you haven't made a payment in over 6 months?
It seems there might not be much market for cars such as yours(junky, clunky, ragged out, motor blown?) so the finance co. decided to let you keep it. It's not worth repoing for what it will bring. BUT, that doesnt effect their ability to SUE you, get a judgment and/or garnish your wages, OR any ...
If your daughter who lives with you is licensed and uses your insured car and gets into an accident will she be insured in PhiladelphiaPa?
Yes if she is not specifically excluded from the policy (you would have had to complete a form akin to the 'named driver exclusion'). The insurance follows the vehicle and anyone driving it with your permission, as long as they are not excluded, is covered.
No, unfortunately you can not get the car registered without the title. The title must be signed over to you and you must take it to the DMV with you.
What happened if you were behind on payments and the lender offered to refinance and lower the payments and said you were approved and then repossessed the car?
Generally you would have to sign paper work if the bank had approved a refinance agreement . In that case you could take legal action . They could however reposses the vehical if you fell behind again on your payments after sighing the agreement. Guess what......... banks and lenders LIE !!!!! If...
If your steering wheel is shaking you probabley messed you wheels or axel up
Yes. The title and registration is the same as putting your name on a hot wheels car for show and tell in Kindergarten. It is still your car, so tell your friend to give it back
You Can Get A Copy Through Your Clerks Office. They Will Have It Mailed To You. Cost About Five Bucks.
If your husband is being stationed in Japan and you can't take your car can you get out of the financing or do you have to have your car repossessed?
You need to contact your husbands CO and/or base JAG for better advice. There ARE solutions for the problem and they can help you utilize them more effectivly than I. Do that BEFORE you do anything else.
This is usually due to a clogged fuel filter (usually inexpensive to replace). It can also be due to a bad fuel pump, or a cracked fuel hose. Replace the fuel filter and see if the problem goes away.
You will pay the difference in what they sell the car for and the balance that is owed on the note. You may also pay the repo fees. Your credit will be ruined for 7 years. Contact the lender ASAP and work this out. They do not want to repo your car and I am sure you do not want to loose it. Actua...
Your option is to CALL the lender who had it repossessed and find out how much it will cost to get it back. Repossession is a matter between YOU and the LENDER. There is no state agency that oversees the process.
The lender is required to notify you at your last known address as the details for redemption. You can CALL the lender, you will have to talk to them sooner or later. MERRY CHRISTMAS
So leinholders have rights to stereo and new car parts if the car has to be repossessed and the originals are gone?
The rule of thumb on Personal property is, IF you could turn the vehicle upside down, whatever falls out/off is personal property. The car had a radio in it when you bought it and it has one now. What were you doing for the last 60 days that you didnt have time to put the original radio back? Ple...
After the car is repoed, the lender will ask you very nicely 3 or 4 times to pay the balance on the loan. Each time they will remind you that they have other legal remedies to use to collect. If you cant/wont pay the balance due, they will use the other legal remedies. Those may include: getting ...
I have never lived in Arizona but I am in car sales and am familiar with the law in Tennessee and Virginia and North Carolina I would imagine the law would be similar because of interstate commerce laws.If a car gets reposessed that has a balance on it from the leinholder the leinholder has a rep...
What rights do you have if you buy second hand car but your boyfriend used the car and the car registration was in your boyfriend and only receipts was left on you?
You have the right to an attorney. Get one, then ask them what rights you have, because your question is too complicated to be answered correctly here.
If you're talking about from the wheels, higher or lower in pitch with speed, it's one or both front wheel bearings. If you're talking about from the engine compartment, it's the power steering pump.
NO, they DO NOT have to notify you. They notified you in the contract you signed. It said anytime you are in DEFAULT, they can repo the car. IF you havent been repoed, why do you need the "direct" #?? If you have been repoed, and still cant get your PP, call an attorney. Let the attorney contact ...
I have 1989 firebird I Run the car for about 40 minutes then security light comes on and will not resart. Let car sit and it restarts?
just buy a remote start for it -- trust me -- it will save you grief in the long run. Your key is likely not being read because of the amount of use in the ignition, the remote start simulates the resistor in your key to the security system so it can remote start the car. I just use the remote st...
When neither one was in motion.
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.
If you have precognition does that mean your actions are planned as well as others As in you see a car crash in your dream and you learn your family member was in one what if you could change it?
I don't equate precognition with predestination (i.e., the idea that everything is "meant to happen"). It removes the principle of free agency from our lives, and leans toward a fatalistic viewpoint. As far as altering the future, why not? We do it all the time. Picture yourself kayaking down a r...
The same thing happens as if you lived across the street from the lender. They notify you by mail what is going to happen(court,auction,ect) and if you dont respond they proceed. No biggie.Not to my knowledge. Search in your browser for "vise + revoke".
What would happen if someone had his car repossessed and followed the repoman unnoticed back to the impound lot then stole it back?
"One" would then be guilty of Grand Larceny.Roosta is wrong.If you can retrieve the vehicle, go ahead. No court order, no law broken. You are the registered owner and have the legal rights over a repo guy.That is what I thought Repo is actually Illeagal, this is why they do it at 2 am..... And wh...
Can tou think of a product or a service that you would describe as being of quality Give reasons why you feel this way about the product or service?
Any sales?æitem has the potential to be a quality item as long as it is desirable and meets certain conditions. I believe a?æLexus is a good quality car because it?æoffers drivers safety and luxury.?æ
If your vehicle is being sold at a "Public" auction where anyone can go in and bid - then yes you can bid and/or buy your vehicle. Keep in mind that - if for instance - you owe $5000.00 and you buy your car back at auction for $3000.00 - you will still owe the lender the $2000.00 difference. In o...
What would cause a car to overheat off-and-on and then start leaking fluid into the right passenger side floorboard and a little in the drivers side?
Heater core leaking or "bad"/ repair/replace. 4-8 hours labor + parts... pain in the rear (not the cars)
If you hit someone and his or her car is damaged but not yours do you still have to pay your deductible?
Although laws differ from state to state -- there are no-fault states, tort states, and hybrids -- this is the basic idea: Since we assume you are the at-fault driver, your liability insurance -- the property-damage portion -- will cover the cost of repairing the damage to his car. If there is a ...
This just means they have not found it yet. They can pick it up and, they can take you to court and you will have to pay the amount owed plus court fees and fines for hiding the vehicle. If that's the case.
"Repossession" is the act of a creditor reclaiming HIS property because you have not lived up the contractural payment agreement. It is a civil matter, not a police matter.Your question is actually too broad to answer and be 100% right 100% of the time in 100% of the states. Generally though, the...
Mitsubishi 3000gt-5speed-Everytime you let go of the gas the car turns off or once in a while it will idle to highive replaced the 02sensor and thinking about egrvalve nowis this correct or any sugg?
My suggestion is to replace the IAC (Idle Air Control) or at least take it apart and clean it. MAny people have had problems with this part including myself. Idle acts irradicly high ,low ,wont idle . check it out and go to team3s.com for more advice and detailed answers
Once they repo the car, the lender will sell the car for whatever it will bring. You will then be responsible for the difference in what the car brings and the balance on the note. You may even be responsible for repossession fees, and your credit will be ruined for 7 years.
Can you charge finance company a storage fee if you had the car for three years before they came to get it never hid the car and disclosed your address to finance company?
Call your state Attorney general for the real o'pinion. I would say even if you could they will charge them back to you....soooo 6 of one, 1/2 dozen of the other,HUH? It would be a "cost" incurred in repoing the car...IF you can charge the fee (again ask a lawyer) and IF you can prove they had al...
If you have a car fixed and cant pay right away can they sell it at a police auction without giving you reasonable notice?
yes they can sell yo whip to da po po for da lo lo
Do you have any recourse available if you bought a used car as is and it brakes down 14mil away from the dealership?
Probably not if the contract you signed said "as is".Check your state lemon laws for buying vehicles.
What is wrong with your car if your voltage light comes on and it sputters then tries to die when you hit about 15 mph?
Sounds like the car is running off of battery power and the battery is very low on charge. The charging system has failed.
Your car was running and you drove about two miles and it would not go anymore you turned if off and restarted it and it went for about two more miles and the same thing happened?
yes could it need a new filter for the transmission or could it be over full and could this be fixed easily
If your car is repossessed and you are able to get it back by bringing your account to date is it still reported as a repo?
That would be at the discretion of the lender(s). If an agreement is made and all terms are lived up to, the lender probably will not report the default to CRA's.
Don't you have to be delinquent by a certain amount on car payments before your car can be repossessed and what rights do you have to prevent a repossession?
If you have made no effort to contact any institution you owe money to and you have been missing payments several times, yes, they can repossess your car. That's why we sign contracts. I would meet with the Manager of the company and try to come to some agreement and then stick to your promise. M...
What would a car have to go through to be imported from japan to US.its right hand drive but as far as you know that's not illegal?
right hand drive is most likely LEGAL in US, but your imported vehicle might have to go through an inspection. If the exhaust system didn't meet US emissions standards, it would have to be made to meet those standards.RHD vehicles are legal in the US - Jeep even manufactures some for rural contra...
Your friend sold you his car take over paymentsHe took the car off his insurance you insured the car and then totaled it but you are not on the title Will your insurance company pay for it?
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
No firm is going to give you a new truck no matter how many miles you have travelled.
Why shouldn't one just stop making car payments and let the finance company repossess a car one can no longer pay for?
If it comes down to that you can't pay for it then you should call them and tell them to pick it up and repossess. There are consequences:1. This will be on your credit history, making it difficult for you to purchase anything on credit again.2. They will sell your car at an auction (often sold f...
If your car was repossessed without notice and it was damaged when you went to get it back what can you do about it?
Mike, dont know what state you are in sooo cant say if you had to have "notice" or "repo papers". The LENDER is liable for Damage to the car. You will need some type of proof that damage was done during the repo. Cant just pop up and say, "oH'they broke my car". Tooo many folks try that so lender...
When your name is the second name on your truck title can the person whose name appears first on your truck title repossess the truck or have you arrested if you leave with the truck in NC?
If two owners are listed on a title in NC, they are considered to be equal owners. Therefore both owners have the same control over the vehicle.