If you have a car fixed and cant pay right away can they sell it at a police auction without giving you reasonable notice?
Can you repossess a car if it is at a repair shop getting fixed and they have it sitting outside waiting for the debtor to pay there bill?
NOT LEGALLY...however you wouldn't be the first to do it. That's why most repair shops have fences for storage. The shop is legally entitled to its repair charges. Why not just let the LENDER pay the repair charges and then get the car?? That's how its supposed to work. Email me if you have more ...
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...
If your car is impounded with a 30 day police hold what is the process regarding notification before they can sell your car at a lien sale auction?
Different states have different laws on this issue. In some states, if the police have the car on hold, the impound yard cant charge storage fees until after the hold has been taken off. (I dont understand why the police would hold it for 30 days, that's not reasonable) But, the impound yard shou...
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.
They may, however they may not until after you are delinquent on the loan. Contact them now and ask. They are not obligated to do anything not laid out in the original contract, and they do not want the car, they want the money you promised to pay. Contacting them now, though shows good faith on ...
this would vary from situation to situation. In general, No. but without seeing all the terms and all the paperwork you signed, no one can tell you for sure.
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.
No, they cannot. But if you borrowed money to buy the car, they can repossess it if you do not square things up. If they take it, they can sell it for you, and you will still owe the difference between what it sold for and what you had left to pay on it.
It's actually the leinholder who files suit; the lawyer simply represents their client in the court. Anyhow, the answer is yes - you are still legally liable for the remaining balance of the loan, and you can be taken to court for it and ordered by the court to pay it. How likely it is to happen ...
If you are selling a car and the purchaser is paying payments on the car can I be lien holder until they pay the car off?
If the car is still financed then that financier would be the lien holder. If you already hold title then you could technically be the lien holder and keep the title until the buyer pays it off but you would be held responsible for any registration related charges while it's still in your name.
If you have a car that's too expensive for you to pay for can you turn it in for a cheaper car without paying any penalties?
NO, there will be a penalty in some form all the time for bad decisions. It could be higher interest rates, bigger down payments, ect., but there will be a penalty.
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...
If you owe 14k on a car and find a buyer who offers you 12k for it but the bank declines and sells the car at auction for 6k do you have any legal recourse for the difference?
Roy, NO you dont.Did you offer to pay the other 2K for payoff? That would have been your best way out of the loan. Banks are like huge machines, set up to work only one way. Loan money, get payments, no payments, repo, sell at auction, sue for judgements, collect on judgements. To change the way ...
5 weeksIt will vary depending on where you are at. Kansas says 30 days.
If he pays off the lien yes. If not, then that vehicle is pretty much owned by the lien holder too! it doesnt make sense selling car
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.
A client pays a contingent fees to a lawyer only if the lawyer handles a case successfully.If you win the case, the lawyer's fee comes out of the money awarded to you.If you lose, neither you nor the lawyer will get any money, but you will not be required to pay your attorney for the work done on...
Legally - you can't ! Until you've made the last payment - the car still belongs to the finance company, not you ! When you buy a car on HP, the finance company effectively buys the car on your behalf. They pay the seller, and recover the money from you. The car only becomes your exclusive proper...
No, but if they accept any payment, they cannot begin the repossession proccess
As with all legal questions, you should seek the advice of a local attorney. That said ... in most places the lender is required to give "reasonable notice" to the borrower that the repossessed car is to be sold, and generally "reasonable notice" is considerably more than "a few hours". It could...
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.
If you sign a promisary note with a car dealership And you decide not to pay because they sneaked in gap insurance can they send it to collections?
You are obligated to the terms of the promissory note. You probably signed the contract stating that you had read and agreed to the terms of the contract.
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.
You gotta drain the fuel out of the tank and purg your fuel lines. add the correct fuel for the vehical and start it up. may take a minute to get the fuel to the moter but it will start.
Punch the guys head in who sold it ;)
that's pretty much grand theft auto right there so yesAlso, there may be additional charges for theft of government property, since police cars belong to the city or county. Seems like a case of guaranteed jail time.
If you are good at it you can.
A cosigner vouches for your ability to repay a car loan by agreeing to take on the responsibility for it if needed.However, having a cosigner normally doesn't affect your ability to sell the car.Before you can sell the car, the existing lien must be satisfied.
As the vehicle owner, you can sell the car whenever you choose. You are liable for the car loan. If you are selling the vehicle for less than the loan (especially when you are upside-down on the loan - you owe more than the car is worth), you need to pay the difference to your lender.When trading...
More than likely, the other person is at fault because when you have the right of way, then they should stop. Specifically, if you came to a full stop and the other came to a rolling stop and hit you, then they are at fault. Usually if both of you stop at the same time, the person on the right ha...
The vehicle can be repossessed.
What happens if you sell someone a car and you put a lien on it they owe you money for the vehicle and they porposly damage the vehicle?
You did not mention what type of damage, but i will assume body. Unless you requested for them to put full coverage on the car before the incident, then nothing happens.
In SOME states, they have to send you a "right to cure" letter, but as far as "I'm coming to get your car at 4:30" NO. IF you are in default on the loan, the lender is hounding you wanting money, then you are subject to be repoed at the LENDERS discrection. Get your personal property out of the v...
Saturn is a very good choice. any of the lighter cars such as dodge neon Chevy cavaliers geo metros etc. Honda's and toyotas are very good on gas but obviously more expensive.
Its a binding contract and after enough finance charges and slams to your credit Im pretty sure they would repo it? So I would say yes, considering you signed up to make payments on it they expect it and the Bank/Loan Agency Expects their money back in anyway
Yes, if you donate your car to the kidney foundation they will come tow it away for free. Here is the website for more information if you would like: www.DonateACar.com/Kidney_Fund.
How much does it cost to sell my vehicle at an auto auction? There is a seller's fee charged when a car is sold.The amount depends on the auction location and also how much the car sold for.Typically, this will range around $200 – $300, but can be much higher for expensive vehicles ($10,000+).
Really genius? I work for a carrier and that's not true. If you're car is a 1997 why should we pay for new parts when your car was a POS before the accident? Read your policy.... we owe LKQ- Like, Kind and Quality, per YOUR WRITTEN CONTRACT. Same with claimants, you are subject to the policy unle...
If a car is cleared in bankruptcy and the car does not start do you have to fix it before they come pick it up?
No, but most lending contracts stipulate that secured property must be kept in the same or reasonably acceptable condition as it was when the borrower took possession. Therefore it is likely the lender will have the car repaired and add the costs to be paid by the borrower. New bankruptcy laws no...
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 cannot simply return the car. You can voluntarily have it repossessed which is a horrible choice. When you finance or lease a vehicle, your creditor holds important rights on the vehicle until you've made the last loan payment or fully paid off your lease obligation. These rights are establis...
Will someone that hit your car and ran pay to get your car fixed and pay to get you a rental car while it is being fixed?
If you got the reg plate number yes, otherwise sorry no
Say you are in an accident and you give the other person money at the scene for minimal damage to their car in cash. They except the money don't call the police and leave the seen can they still sue?
Yes, there's no proof that they accepted money or agreed not to sue. This is the case in every accident it's a tricky thing because people don't want their insurance raising their rates so they try to settle it this way. Of course there are a lot of jerks out there. They would obviously have to p...
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.
- A driver approaching an intersection must yield the right-of-way to traffic already in the intersection. (traffic in the intersection has the right of way) - If drivers are approaching an intersection from opposite directions, the driver turning left must yield to approaching traffic going stra...
What happens if you have a baby on the way and have bad credit and have a high interest rate on your vehicle and cant afford it?
The best option would be to sell the vehicle for the equity you have (as in, the amount you have paid on it) and buy a reliable used car for cash with no payments.
For new cars, dealerships must disclose any damage that exceeds 5% of the MSRP. They do not have to disclose small damages that have been fixed. For used cars, dealers must disclose damage that is 25% of the fair trade value.
In answering your question I suggest that you look at the laws in your state. If the dealer still has your vehicle you do have the chance to walk away from the vehicle depending on what your state says about the lemon laws. In my opinion I would ask for my money back and look for a vehicle that d...
Auto auctions information can be gathered at online web sites and by word of mouth. These cars have no guarantees or warranties. They may be damaged or missing parts.--I have a Government auction review site you should check out to help answer your questions.www.GovernmentAuctionsInfo.com
Title jumping is illegal. Curbstoner sellers due it a lot when they are scamming people into buying bad car and cars that can't be titled to the new buyer.
they can try - usually they repo and sell vehicle at auction - then sue you for the difference. If you have no income then essentially explain that to them or a lawyer if applicable. Chances are they will drop the issue and just stick it on your credit report as a repo and negative write off.
If your car was repossessed how can you find out where it is and how much you owe on it after they sell it?
you need to call the lien holder or the police they should have a log of all repo's done in the town u are in. Also you will not find out what the car was sold for until after it is said and done. most states you have so many days to get the car back.
If you had an accident and your car was the only one damaged can you pay for it without reporting it.?
I am not a law expert, nor an insurance agent, but I believe that if there were no injuries, no other property damage, and no police report made, you should be able to pay for the damages to your own vehicle without going through your insurance.
yes. parents are only required to provide you with food, water, shelter and one shirt, two shoes and one shirt.
Yes, you can occasionally find dump trucks being sold at auction. You can also check this site for used dump trucks in your area: http://www.commercialtrucktrader.com/.
Some states allow you to sell 2-6 vehicles per year without getting a dealer license.To buy and sell cars for a profit on a regular basis without a dealer license is illegal in every state.
You hit the other car, so yes, you need to pay to have the other car fixed. Your insurance should do this. If not, it is out of your pocket.
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.
If a repo has been placed on your car but you pay for the car before they pick it up can they still pick it up?
Contact the lender they are the ones who call off the repo.
yes i can be towed if your sitting in it they have dun that to me
If you sell a car you owe a creditor a balance on, you pay the creditor the amount you owe him in order to get the title to the vehicle to turn over to your buyer.Anything over the balance owed to the creditor is yours to keep, assuming you sold it for more than you owed on it.If you sold it for ...
NO. You can take it back to the dealer for repair, but unless it is a Lemon and qualifies under your states Lemon Law, you cannot get another vehicle.NO. You can take it back to the dealer for repair, but unless it is a Lemon and qualifies under your states Lemon Law, you cannot get another vehic...
Yes, since the registration is in your name.In Ontario, you will be unable to renew your licence plate sticker until the fine is paid.
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.
What if you are unemployed that's why you can't pay what do they do with what you still owe have selling your car?
Now that depends on how much or how many assets you have. If you file bankruptcy and depending on the type of bankruptcy you file you can keep your car and different things as long as its not too much. Your allowed to keep your things as long as it doesn't go over your allotted amount. The best t...
They have reset The service engine light on my 2002 Saturn Vue at the dealer numerous times without being able to fix it so if possible I would like to do it myself and save the trip?
In order to reset the service engine light, you need to locate the fuse box under the hood on the driver's side. The light should not be reset unless you are absolutely sure service is not needed.Ê
Assuming you're from the United States, the answer is yes. You can be sued for absolutely anything. God Bless America.
If buying and older vehicle how can you check the vin to see if the vehicle is not stolen or if it is the correct vin for that vehicle without having to purchase the vehicle then have the police check?
When buying a car you like, get the vin off the drivers door and call it into your state dmv office and run a carfax. Also, look at the title and registration carefully and make sure the seller has i.d. to prove he is the person on the title.
Yes.If you've already repaid more than 50 per cent of your Personal Contract Purchase (PCP) or Hire Purchase (HP) finance you can return your car through what's called a Voluntary Termination agreement.There are, however, a few other ways to end your finance early…
That would depend on the damge done and many more factors.
Yes you will. the tax on that car will be the same as if you bought that year of auto in Texas
If the car has a primary owner and a co owner and the co-owner doesn't want to keep paying the monthly bill does the primary owner have the right to take the car away from him?
IF your name is on the TITLE, you have the right to possession. This is best done with lenders knowledge and/or assistance.
You bought a car a week ago and now they said they cant get you financed and they want the car back?
This is unfortunate...sorry but I know it has happened. You have no choice but to give the car back..and nicely too...as they will come and get it. You might see if the dealership will hold the note but if not....give it back.Some 10+ years ago, we had something similar happen. We bought a caron ...
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...
Can the police tow your vehicle for expired tags if you have temporary registration and it isn't in the window?
Yes, if the temporary tag is not displayed as it should be. Your fault.
You turned the corner and your car made a loud noise like someone thew something at it But after that it made this noise and you parked it right away because you were afraid to drive it?
Sounds like something in the suspension system like maybe a shock or srut may be worn out or the rubber grommet (each has one on each end that the mounting bolt goes through) on one of them is gone or damaged. Or maybe something in the trunk turned over or slid around or maybe somebody left a wre...
It's actually entirely possible (and 100% legal) to sell a car and transfer ownership without a V5 document.After all, the vehicle logbook is a record of the registered keeper, not proof of ownership.And details can be checked directly from the DVLA database.
You got a car finace and have now lost your job you cant pay for the car is theer a way out of the payments ansd stop the finace?
you can sell the car and pay off the balance. or transfer the loan to a potential buyer or make arrangements with the lien holder for different payments but do not let your loan get behind you will lose your credit and the car and all you have paid on it good luck
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...
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...
There are many reasons why your car may be towed immediately, before an impound order is prepared. Laws vary and the following is a partial list of examples:Your vehicle may also be towed if you are arrested or charged with any of the following:
they usually do not give it back. once they take it, it is theirs.
Can they garnish your pay for a car you have asked them to repossess because it has had many problems and now needs a transmission?
YES. and Thanks for posting your state.
Answer 1 (United Kingdom)They can attempt to. If there is a repossession order against something, then they can legally take that item from your property. However, if a car is blocking that item, it may be difficult. They will ask you politely to move the car. If you are not in then they will wai...
hi have parts for sell what kind of parts do you need
Yes, as long as the auctioneer has a GST registration (does more than $50k business in a year) - everyone, whether resident in Alberta or not would have to pay the GST.
You just need to change the bulb!
Yes they can.They police do not need to be contacted nor a court order used because it involves contract law not criminal law.They may come on your(the loanee's)property to repo however they may not enter any structures nor cause any damage. Yes. Involving the police prior to the repo would const...
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