If you have someone else take over your car payments and they haven't made a payment in a few months can you legally take the car back?
No. Not if you signed the title over to the other person.If they don't pay the loan then your credit will take the hit. If the car is still registered in your name you can take it. If so, do you realize how risky it is to allow someone to drive a car that is registered in your name? You are responsible for any fines incurred, any damages in an accident, and especially if anyone is injured. You are making a grave mistake.You may have a good chance of winning in court. You will have to pay the missed payments to the lender.
If you are taking over a car payment lease this month how long would it take for you to let someone else take over your lease car payments?
If you're going a dedicated car lease transfer website, the timeframe can usually vary from 10 days to 6 weeks. This is because there is paperwork that needs to be transferred and disseminated between at least three parties - the lease seller, the lease buyer, and the finance company.
From my experience, you would have to re-finance the suto loan with the new co-signer.
You can have the person pay directly to you and you in turn ensure the payment is made on time. Most byers will not like that idea out of fear you will steal the money by not paying the loan and in turn having the car repossessed. You can call the lending institution holding the current loan and ...
Contact the lender and get their approval.
The lender will then step in and require a credit check to make sure the new owner can make the payments.This leads to the initiation of a new loan at the new owner's credit level." (Of course, someone who qualifies to assume a car loan can shop for a car and not worry about taking over someone ...
One way to obtain a car at a low price is to take on the obligations of another driver.This can be done by taking over someone else's lease or purchasing the car outright by taking over the loan payments.With each option, you can wind up with a late model car to drive at a low cost with little ou...
You can either A: Ask them to leave the car in their name and hope their insurance doesn't find out. This would be fine for you but for them it is very risky bc if you stop paying they get screwed not you. You could also write up a contract and have it notarized, that way it will hold up in court...
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 ...
Report the car as stolen (assuming it is still in your name). You can even tell the police where the car is, most likely. Regardless of who's making payments - the name on the title is the owner of the car. You may wish to get some professional legal advice because this could get ugly.
It is best to have the person buy the vehicle off you straight out. Then in turn, with the money you receive from him/her you pay the remainder of the loan. It gets too complicated for someone to take over car payments and you sure don't know this person. They could well leave the country and lea...
What if you bought a car and decided that you don't want the car can you take the car back if you have not made a payment?
As soon as you leave the lot with a new car you have signed for and purchased, it becomes a used car and the value drops immensely. You can try, but you bought the car, and you own it. Unless the dealer financed the car, he has no interest in it any longer except for servicing it. Your only chanc...
If you haven't made car payments in a long time would it be better to turn your car over to the lender or to start sending payments now?
You know how far behind you are, sooo, you should have that amount READY to send/give the lender to have any hope of continuing the loan relationship. In any case, you will have to contact the lender to resolve the issue, if only to tell them where to p/u the car. It will take much convincing to ...
they h ave to get a loan to pay off your loan and free up the title and then it will be in their name.
If you always make your payments but are usually late each month will they repo your car because of your history even if payments have been made?
No as long as you are making payments every month. Most lenders won't reposess a car until you are at least 90 days late. The truth is lenders do not want the car back. Make sure and contact the lender and explaine your situation and they may even work with you to help you get cought up.
What if someone buys a car for you and your name is on the title and a few months later they try to take it back or take you to court to get it back because they paid for it can they take it from me?
If you didn't pay them back, yes---------------------------------------Added 5/16/12 - If it truly was a "gift" & they want to take it back, I would suggest letting them take you to court to let a judge decide. Gather as much evidence as you can that they gifted it without expectation of repa...
If you have not made a payment for 9 months and told the lender to come and get the car but they haven't is it illegal for you to drive the car?
NO, its not illegal. If you really want the car repoed, take it back to the lender and leave it in their parking lot. It is costing you HIGH interest and late charges to keep driving the car. Good Luck
If you live in Texas and have two cars financed by the same dealership and you haven't kept up with payments on one of them can they take the one that is current on payments?
Read the fine print. Often default on one loan can be cause to call in all loans. If the loan was called, (meaning that you either pay it all off right now or forfeit the car) and you didn't pay off the loan, then they can do exactly what you described.
If you live in Texas and have two cars financed by different banks and you haven't kept up with payments on one of them can they take the one that is current on payments?
Don't know for sure about Texas, but in my state of Ky, they will repossess, the car the default loan is held on. They have no legal right to take the car that is not in default. You do not want to have your car repossessed. Talk to the lender and work something out, even if you have to sell one ...
Your credit is shot no matter what and you may no longer be the legal owner. I would not attempt to register the vehicle nor would I drive it. I suggest you contact that bank. If they won't dispose of it and they haven't taken ownership of it through the title process than you can take the chance...
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.
Can you sue a mechanic if your car has been in the shop for over two months and they keep making promises to have it finished.?
Check all of your paperwork for disclaimers. If it's parts they're waiting for, they have no control over that. You just need to be patient. Now, if they're just holding your car hostage, that's a different story.Try to get a refund, then tow your car to a more trusted garage. If they won't bend,...
The best place to go for advice about someone taking over car payments is the local bank. They will be able to offer advice about what to do if someone is no longer able to pay their car payments.
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
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.
If a car is in your name as the primary but your cosigner has been making payment for the last year and many of those payments have been paid late can you legally take that car from the cosigner?
Since the cosigners isn't paying, unless you start paying instead, and catch up on all late payments, the dealer or the bank will repossess the vehicle shortly anyway, so your question is moot.
NOT legally. That's Larceny of the GRANDEST degree.
If you've been making monthly payments on your car and and you are still a month behind can they repo it?
As long as you are in default, they can repo. Try to catch up the month behind. Send $5.00-10.00, whatever.
If someone with a permit is legally driving your car because you are in the car with them with a license and they run over a curb and cause damage to the tire hub cap and dash are they liable?
Probably not.Allowing a learner to drive your car most likely would be seen as you having accepted the associated risks, because they are foreseeable.
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 the car is in your name you are completely open to legal liability and you will be giving them a green light to destroy your own driving record.
rport it stolen?? Who will take the report?? Barney Fife??? NO, cause its NOT stolen. The 'stolen" line is a sure sign of a LAZY repoman. Or an uneducated repoman who believes everything they hear. How can you "steal" your own car?The lender CANNOT report the vehicle stolen. You, as the registere...
If you have a suspended licence, you shouldn't be driving. By doing so you are breaking the law and so the police officer would be within his rights to pull you over. What car you are driving has no bearing on whether you are allowed to drive or not, having a suspended licence does.
Can a dealership take back a car title from a lender and have the car repossessed if he is behind in payments even if arrangements have been made with the lender?
This question is incomprehensible. Please use the discussion page to add as much background and explanation as you can, and maybe somebody can wordsmith the original question into something people can answer. You can use periods and commas on the discussion page.
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.
depends on contract, if your up to date on payments they usually wont. if you pay in full at time of purchase it wont be a problem
I don't think you can the car is still in your name ,and anything that happens to it will always come back to you.
If the vehicle is parked in a public right-of-way, a person needs to call the public official of the location to have it removed.On a residential property, it can be towed immediately.That means, if you are the one with the car blocking your driveway, you can call the tow company and have it remo...
How do I get my car back that I sold to a friend and they have not paid the agreed monthly payment. they havent paid any payments in 3 months.?
Hopefully you did not sign the title over until it was to be paid for. If you did not sign over the title the car is legally yours. If you did, consult a lawyer.
you must be more specific, who is filing legal action and who are they filing it against? what does this have to do with a car?my answer to your question would have be that it is not a strong case, since not having a car is not illegal.
You can only sell a car if it is titled in your name or if you have paid for the title with intentions to resell and have proof of purchase to protect yourself.
Can you have a car titled and registered in your name but some one else pays for it then you transfer title back to them so they can export?
If you create a series of sham transactions the income tax people are free to assign their own values to the transactions and send you a nasty surprise demanding a large late payment with penalties and interest.
You can take over the payments on a loan because the lending institution doesn't care who they get their money from BUT, until the car is paid in full, you have no rights to it and the responsibility for the car still is on the original purchasers credit. If you miss payments, the bank goes after...
I signed for a new care in Georgia and now ther are saying the bank will not finance us. Can they take the car back sinced we already have had the car for over a month?
Never worked in GA but typically you sign a contract with the DEALERSHIP then the dealer checks a box and signs over the contract to the bank. So in most states... technically, you own the car. You just need a good lawyer that knows what they are doing.
If a you sign for a car for your friend and they don't make payments on it and its in your name can you sue your friend?
i am not sure and you need to call a lawyer
You will be charged with property damage and driving without a license and most likely driving without insurance. Not good.
Got pulled over because did two stop to avoid hitting a kid and you had your son in car in car seat can they search car they made you take your son out of car?
The Fourth Amendment secures the rights of Americans to be secure in their person, property, or residence from unlawful search and seizure.If you are pulled over, the LEO can not search your vehicle without probable cause, unless they view something under the plain sight rule. If the LEO sees a p...
If you bought a brand new car and your not happy with what they did can you take the car back to the dealership?
No. Once you sign the papers, there is no buyer's remorse law (the 3 day rule) on vehicles. Sure, they would probably give a good deal buying your a used car with little mileage on it. But it is a used car the minute you drove it off the lot and probably lost several thousand dollars worth of value.
If you have multiple vehicles, chances are they are not on the same loan. If you default on 1 loan and are current on the other they cannot repo the other vehicle. If they threaten you with they will repo your other car, or threaten you with saying such as you will be arrested. I suggest you cont...
If your car payment was 22 days late and when you made your payment the car was repossessed on the spot is there anything you can do?
It looks borderline MEAN, but if you were late, you were in DEFAULT and the lender has the right to repo when you're in default. Some lenders (BHPH lots) are MORE aggressive in their repo policies that others.
If your mom is a cosigner on your car and they repo hers can they legally repo mine as they are claiming mycar payments are current but your mom is 3months behind you reside in Arizona?
Look at the contract. It may have verbage stating if you are in default on 1 note, you are in default on others. If so, yes. It's legal in Michigan if the note allows so in the default section.
No, you can't rent a car for someone else.However, there are other ways you can have another person drive the car you rented.Whoever pays for the car is the one who must pick it up at the car rental office.But, you can add an additional driver.
Insurance that follows the driver will usually be limited to some form of liability coverage.When an insured drives someone else's vehicle, such as a rental car, a dealership loaner, or a friend's car, he is usually covered for liability insurance.The vehicle owner's policy should cover injuries ...
Who is Liable For Damages if Someone Else Wrecks My Car? “Contrary to popular belief, in case of an accident, car insurance follows the car — not the driver.In most states, comprehensive and collision coverage protects your vehicle regardless of who's driving it” (Esurance).
If you are behind 1300 and you offer them 1500 to get your car back and continue making payments can they refuse?
READ your contract. It likely has "right to accelerate balance due" clause. Just as you have the right to pay the loan off early, the lender retains the right to call it due early. This depends on several factors, your payment history,if you are in default, ect. So, YES, they could refuse.
If you did not comply with the terms of the contract, they can repo the car. If you DID comply with the terms of the contract they are in violation of the law if they try to repo the car. It all depends on the terms that you originally signed. If it was a DUI wreck or anything else that willfully...
In most areas someone (purchaser/seller) has to sign the ownership to complete the sale
YES - registration and insurance are separate from ownership.
If your car has been repossessed and you know where it is can you go get it since you made the payments before they repoed it?
NO, NOT and dont consider it. Pester the lender to rush it up but dont STEAL it.how is that stealing when it is still in my name?It is stealing, because it was repossessed from you, and was probably reported to the local law enforcement agency there as having been repossessed. But don't take my w...
How can you get your car back if it was repossessed after you made and met payment arrangements with the collections dept?
Read your contract. Reinstatement is decided by the lender not the state. MichiganTITLE STATE: 1975 and subsequent years. SECURITY INTERESTS: Shown on title held by debtor. LICENSE REGISTRATION: Michigan Bureau of Driver and Vehicle Records, 7064 Crowner Drive, Lansing, Michigan 48918. Tel:(517)3...
Paying a lump sum one month does not automatically negate the fact that following payments are still due. The lump sum just makes the payoff come sooner, so the final payments of the car loan may not be required. Contact your lender for more information.The proper method to pay in advance is to s...
You have not made the car payment as you are filling for bankruptcy- can the bank reposses your car if it is not parked in your parking space?
Until the bankruptcy goes through, you continue to owe the money and the lender continues to own the security. Therefore they can indeed repossess your car.Where the car is parked is irrelevant. In most cases, they won't even know, let alone care, that the space is reserved for you. They will sim...
If someone made payments to purchase vehicle then changed their mind are they entitled to a refund of payments?
Most states do not have a cooling off period. Witch means that if you buy a car and then change your mind you are still responsible for making the payments. If you fail to make the payments your vehicle will be repossessed and sold to satisfy the lean holder. So no you will not get your money bac...
If someone hits your parked car and says they want to pay out of pocket and has not yet done so what legal actions do you have?
Gather all the info and evidence you can and take them to small claims court. You can also try calling your insurance agent for more ideas on what you can do. They won't put this on your record and it won't hurt your premiums just for asking. You could always pull the ole "my friend's parked car....
No. Only a bank, court or dealership, is allowed to repossess the vehicle. In which if the car is yours and you have the title and proper documents proving that the vehicle you bought is yours. And if that "someone else" is not a spouse, Than no they are not allowed to take your car as it would b...
You will still be responsible for the contract terms regardless of whether or not the repossession is voluntarily done by the borrower or by the lender for default. The exception is, of course, working out some other agreement with the lender, but that seldom happens.
You already lost your license, now you lost it longer.
Can the co owner of a car take possession if the other co owner is deceased and left the car to someone else in their will?
by law they cant, unless that deceased person left the car to the person who's trying to get it.
If you haven't made a car payment for a year can the bank or the repo man report the car as stolen and put a warrant out for your arrest?
James, why would you want to drive a car for a year and NOT pay on it?? Are you nuts?? LOL Turn the car in and this will go away. take it to a dealersip and leave it. When they call again, tell them you "saw" it at such and such dealership. Give them the name of the dealership so they can confirm...
A trailer was sold with a written contract and live in AZ It has been six months and they have failed to make all the payments as agreed What can you do legally to get the money or the trailer?
I'm not familiar with the specific laws in Az related to this situation, but as in most states, you probably have to get a judgment against the party in small claims court (assuming the amount of the claim does not exceed the jurisdiction of small claims in your state). If the party has other ass...
I have made a payment within 30 days to lender of my car payment I still need to catch up what can they legally do?
what ever they want to do to your house or your can if not paied in 2 years
If you can prove an insurable interest, you can insure the vehicle, but that may a difficult feat to achieve.Most insurance companies will want you to be named as a driver on the car rather than the owner of it.You can always pay the insurance for the vehicle, even if you are not listed as driver.
What happen if have car loan with a bank an you no longer need that car because the monthly payment is high can you take you back an get less one an will you continue with the same bank?
No, you are obligated to pay the loan you agreed to. If you give back the car (a voluntary repo) it will seriously affect your credit.
In this instance, you may buy a car for someone as a gift or purchase the vehicle for them under a loan agreement.If you put the car entirely in someone else's name, you may forfeit ownership rights.If you pay for a car for someone, decide right away if your name will be on the title.
What are your rights if your car was taken 2 days after they received your payment and made arrangements for your next payment?
Lets see...2 days after they got the payment,you were STILL in default.Made arrangements??? Must of been forgotten or not acceptable to the lender. Rights? pay what you owe and go get yo car.
If the title to a car is in your name but the name for the car loan is in someone elses name who has legal ownership?
If only your name is on the title and the loan is not listed as a lien on that title then you are the legal owner. If someone else obtained a car loan for you then their name should be on the title to the car with yours. The question of ownership should be addressed if someone was kind enough to ...
Only your insurance company can answer that - mine does... I have insured vehicles that were not in my name and insured vehicles in my name for other drivers - Geico... I have also loaned vehicles that were in collisions and they still covered them even though I did not specifically "add a driver".
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...
If one car was repossessed and you are making payments on another car can they take your only car even though you owe on it?
If payments are current and there has been no breach of the loan contract the car cannot legally be repossesed. It is highly unlikely that any lender would want to initiate such proceedings if they are getting paid in a timely fashion. Repo is the last thing a lender wants to do.Even though bankr...
If you leased a new truck 3 months ago and now realize you can no longer make the payments but haven't been late yet should you go out and finance a cheap car before turning it as a voluntary repo?
Yes because the turn in on the lease will damage your credit and affect the loan rate on your car loan
Not unless that other person is there with you.
Yes, of course. But the dealer will only do a trade this way if your car is worth much more than the car he is selling to you.
Sorry, the company that insures the car will cover it (dependent on the coverages and any exclusions), and yes your premiums (if the person is at fault) will likely increase.
If your car is being repossessed and you tell them to wait so you can retrieve your pp but they leave can they charge your for getting your pp back And yes you do have a witness?
No, they don't charge for that, but you should have told them to go away. Then they could be charged with criminal tresspass or breach of the peace, depending on your local laws.
When the amount you owe on the car is less than the trade-in value, the process is pretty straightforward.Say you still owe $5,000 on a car, and a dealer offers you $6,000 for it as a trade-in.The dealer pays off the $5,000 loan for you, which releases the lien.Then, you transfer ownership of the...
If you purchase a car for someone else, you have the option to have the loan in your name or to cosign with the individual you're buying it for.The only way to buy the vehicle as a surprise is to put in the loan in your own name.The title may be registered under both names.
Can a dealership take back your car after 2 weeks if they originally qualified you but then couldn't.?
yes they can...you probably signed something that said "pending approval" and the bank said no thank you. Check your contract. In fine print it will give you a number of days that the dealer has to get your financing approved..if they go past that then it's their problem not yours. If not you hav...
If you are 45 days behind on your car payments and have moved and not given the lender your new address can they come after you and can you be jailed for hiding the car?
If the lender wants the car back and doesn't think you are going to pay because you have moved, they can find you in much less than 30 days. Look at it from the lender's viewpoint: you're 45 days late, moved, left NO forwarding address, no way to contact you. WHAT does that look like to you?And, ...
You can lower your monthly car payment by making a larger down payment, so that you borrow less money in total. You could also choose the loan with the longest term, for example, paying $250 per month for five years instead of $417 per month for three years.
You will have to ask your bank about that. They are in control now.
If your name is on the title
Register a vehicle for someone else.The person coming to the DMV must show their original NY State Driver License, Learner Permit, or Non-Driver ID card (not a photocopy) and either a photocopy or the original registrant's NY State Driver License, Learner Permit, or Non-Driver ID.
sign the title over to the person buying the car
You must have approval from the lender in order to take over the payments on a loan.
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.
Simple answer is that YOU can't. If they consent to this, THEY have to register it in their name.