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?

Cars & Vehicles
Auto Loans and Financing
Repossession

No. As Stated They Would Have To Have A Lien On The Gift(Car) They Can Seek Judgement For Balance On Debt. The Car Is Yours They Have No Control Over Any Gifts You Recieve. GOD BLESS

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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...

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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...

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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.

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