Is is wise to purchase another car right after having another one repossessed?
Well let's look at this from a logical standpoint. You undoubtedly made a very poor decision on the last car you purchased or you would not have lost it to repossession. You bought way more car than you could actually pay for. Also remember that if this car was repossessed recently, you are going to have to pay. The lender will sell the car. You will then be responsible for the difference in what the car brings when sold, and the balance on the loan. You may also have to pay the lender's repossession fees. If you have already settled all this and know there is nothing more you owe on this vehicle, then yes you probably should buy a car if you need one. Question is what sort of car. Purchase a car you can pay cash for. The worst thing you can do is go right back in debt for another car. Your credit will be horrible and the loan rate will be high. Buy a car that is mechanically sound and can get you from point A to point B safely. You can buy a decent car that fits that bill, for around $1,000 if you spend the time looking. A private seller would be a good place to look. Look for a car they are asking $1,500 or less. Sellers will always come down. Just be sure to have the car looked at by someone who can spot a car you should not buy. It may be what is called a beater and may not look so good but it will be yours free and clear. You can sleep good at night knowing you owe nothing on this car. Credit is what you go you into trouble, so don't make the same mistake twice. Learn something from your mistakes.
An auto repossession can make lenders feel uneasy, but you can typically get approved for a car loan after a year has passed.Because you'll likely need financing through a bad credit lender, the max car loan you can get after repossession depends on several factors, such as your income and credit...
Why should they have to move anything? Why dont you move it?? Are you trying to "HINDER A REPOSSESSION BY LENDER"??? In some states that is a Class 2 FELONY.NO. they can not touch other vehicles. you however *may* be compelled by law to grant access to the repo agents.Try again, both of you. The ...
if it was me i would ask them to prove that the gauges were working before you bought it. and i am not sure but i think that any changes you make such as a new radio or new rims and such will stay so if you take something off i dont think u have to put it back. but i am not entirely sure. and ano...
Buy a Car with a Repossession on Your Credit Report.A repossession does not mean you can't get a car loan for seven years.There are lenders who are willing to work with borrowers with bad credit, even those who have a repo.Instead, you will likely have to find a dealership with subprime lending c...
It depends on what is offered as part of the extended warranty, and the total cost of the protection. You will have to investigate both of these then make a judgment call.
Does the bank have your current address and/or phone number? They will be calling on you.
yes contact ur local scrap yard
If you've missed a payment on your car loan, don't panic — but do act fast.Two or three consecutive missed payments can lead to repossession, which damages your credit score.And some lenders have adopted technology to remotely disable cars after even one missed payment.
No. A repo man can not move another vehicle to get to your car.
Not directly as a named lienholder would, but it depends on many things - mainly if the repossession reaped enough money to pay off the prior debt (which would include all late fees, interest, costs of collection, etc.). If not, the amount you would still owe may be turned into a claim or lien ag...
If you are asking is there a cooling off period or buyers remise law in Florida on the purchase of a used car the answer is no. Once you sign the contract you are legally bound to that contract and it cannot be cancelled unless the seller agrees to that cancelation. The Buyers Remorse or Cooling ...
You have twenty days to transfer plates from one car to another car. If the original vehicle was not disposed, a new registration card is required before using the plate. The car the plate is being transferred to must have a current inspection sticker, and you must have liability insurance and th...
To determine how long one will have to be delinquent on a loan before a car is repossessed depends entirely on where the loan was taken from. Different places allow different payback requirements.
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...
can see the front of it in your rear view mirror.....can see its headlights in your rear/side-view mirrors (just to ensure the other car is far enough behind you)
You don't. The car will go to an auction, and the highest bidder will win it.
Cosigner Rights if the Car Defaults When someone becomes a cosigner, they sign the loan contract and share responsibility.If the primary borrowers fails to make payments, the lender can demand that the cosigner make them.But they also have the same rights as the primary borrower in the event of ...
If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car.In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.
We signed the papers to finance a truck for my son. If I remember correctly, it was registered in his name, but we paid the bill. It has been a long time ago.
After repo, the car is sold at auction(usually) and you are expected to pay what is left owing on the loan. At this point, you can make the lender an OFFER to payoff(CASH), you can attempt to make payments on the balance or you can wait until the lender takes you to court. IF you don't go to cour...
yes, all cars do have a warranty for each of there different parts.
Can a car company repo your auto after one missed payment and what is a right to cure letter -missouri?
If a bank has a lien on a unit and you are not paying they have the right to repo it. You need to talk to them and work out payments. A cure letter is them giving you 20 days to either pay the delinquent amount or they will take other actions such as a law suit or repo.
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.
Once you purchase the car and have signed the papers, it is yours. You cannot return it.
Every state has different regulations, but in general, if you already have a car insurance policy in place for the vehicle you're trading in, it will apply to your car for a certain number of days; typically anywhere from seven to 30 days.
In some states, YES. email me if you need more info.
once you have the title in hand and drive out of the driveway you can not return the car. you should have thought about if you REALLY wanted it before you handed over the money. (your stuck with it and theres nothing you can do)
Depends on the state. Unless expressly stated in the contract, generally no.
The answer is Half the Way.
No, not unless it was driven there which im sure it wasnt
Call the lender, and make some kind of arrangements. Do not let your car get repossessed. You will be responsible for the balance on the loan. no
None whatsoever if you bought it, "As Is".
How many days after purchasing a used car do you need to wait before trading this car in for another used car?
How ever longit takes you to get the title & registra to betion. And I assume you would want the car to be paid off.
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
The Federal Trade Commission's consumer guide to vehicle repossessions states that if you default on your loan, the laws of most states allow creditors to repossess your car.They can generally do so by coming onto your private property, at any time, without notice.
The time frame depends upon the lender. Regardless of whether the repossession is voluntarily done by the borrower or a forced repossession by the lender the consequences remain the same. The borrower will be responsible for any deficiency between the amount that the repossessed vehicle is sold f...
Reposession of a car can be a problematic issue. Making payments on time is the most important and crucial step to avoiding repossession. Contacting the loan or lienholder to work out separate arrangements is often a good next step, as most loan holders will find it much easier to work out arrang...
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...
Type your answer here... If it were twenty years ago yes, but now in the age of computers NOPE!
No, the new car dealer pays off your current car and adds any money you still owe on your current car to the cost of the new car.
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...
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...
One marking says Brazil. Another says SPFF20030. Another is 2BR. How do I determine the transmission type I have?
It's easy. Do you have a clutch pedal? If you have to shift gears 1-5 with a clutch then you have a manual transmission. If you simply shift into drive and step on the gas then you have an automatic transmission.
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, it will generate an automatic STAY of legal actions and you may be able to reaffirm the loan with FMC if you choose.A b/k attorney will be able to advise you on this.
One of two things can happen after the car is repoed.1. You redeem it by paying the past due and towing fees or2. You let the lender sell or auction off the car.If the selling price is enough to pay off the loan, then good..your credit it will show the account as a repo with no balance.If the sel...
What are your rights if you bought a used car from a dealer that did not have the title until a month after the purchase?
The dealer has to give you the title right away. If you have it now, there's not much you can do. You have the title. But before you got it, you could have returned the car as far as I know. I would have the title ran and check to see if it's a stolen car or anything. If it is, you can return the...
sure you can, but you will loose new car when u file bankruptcy anyway.also need more than just a car payment to file bankruptcy. laws have changed to prevent people filing bankrupcy just to dodge paying there bills
Yes, your car will be sold and if the price they sell it for is less than the balance left on the loan, plus the repossession fees, you will be responsible for that difference and will have to pay it.
What is the length of time creditors have to file for a claim against you after repossession in Pennsylvania?
It varies from state to state, but in your case about 10 to 14 days. Its time of process is counted on importance.
you can take a airplane that is faraway and take a car in and out of town and walk down the road there is a lot of way to do it.
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.
As long as she signs off on it, yes.
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Yes, a car can be repossessed even if another car is in front of it. The person in charge of repossession the vehicle can call the police to help them get the car.
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...
One can purchase RC drift cars in many different web pages. Some of them that offer RC drift cars are NitroRCX, MyShopping, Fishpond, eBay and HobbyTron.
When one vehicle is towing another by means of chain what does the chain need to have diplayed on it?
In the state of Connecticut it is illegal to tow a vehicle in that manor.
Towing a vehicle with a chain is illegal in CT USA.
Is it possible to purchase a used Catalytic Converter for a Ford F150 Is it wise We have been quoted 1200.00 to replace the Catalytic Converter in a 2001 Ford F150. Is this market value?
you can buy a used one from a salvage yard or elsewhere that sells used parts, just make sure the honeycomb inside it isn't blocked or crumbling. $1200.00 is probably to have the shop replace it and you would definetly be better off if you knew how to do the work yourself, because you would only ...
There are many places one might go to purchase cheap car insurance. In addition to one's local insurance provider, one might also purchase insurance from eSurance.
There are many online places one can go to purchase the Little Tykes Car, which makes a great gift for any growing child. Some places include the Toys R Us website, Amazon and eBay.
Can you return a new car for another same model new car but just want to upgrade one feature with in 7 days of purchase?
Some car dealers will let a person return a car for the same model with upgrades for a fee within a time limit after purchase. Some states do not allow the car dealerships to offer this feature. It depends on the state where purchased and the dealer.
Used family cars can be found on the Autotrader website. The safest place to purchase a used car is from a large, respectable dealership such as Arnold Clark. It is possible to get cheaper deals at a small dealership or through a private sale, but this can be risky - see the AA's checklist for bu...
Something else to think about- If they couldn't afford to make the payment and the car was repo'd, it is highly unlikely that they spent the money for proper maintenance.The risk simply isn't worth the savings.
As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.
No, the minute you've signed the contract, the vehicle is yours. "Buyer's Remorse" is a myth pertaining to the buyer's supposed legal right to change their mind and return a vehicle after signing the contract. Not at all based in reality! This myth probably stemmed from a stipulation called the "...
Parts of the Nissan 300ZX can be purchased at a Nissan dealership. One can also purchase the car parts online at Car Parts, Slick Car and Auto Parts Warehouse.
Yes, if you can provide an address supported by utility bills under your name. Most states permit you up to a year to change your vehicle registration. If you do not have a residence in the state where your car is registered, you are violating the law.
I don't want you near my car!You must register your car in the state you reside. The state of South Carolina requires it within 30 days of beginning residency.
You are suppose to register your vehicle in the state you live the most time in.
That would be a question you should ask the dealership, only they could answer that one.
No. The computers look for certain things. If they aren't there, or are in the wrong spot, the computer wont start the car. Its possible to use the ECU from the same car though
The question is too vague because it is not specific to the issue of insured for what? If we are talking about an automobile accident the fact that a student is in the car is not relevant. If we are talking about wrong doing on the part of the teacher against the student and trying to recover aga...
Zero days unless the dealer has a return policy the Act of 1974 specifically excludes car sales from any "cooling off period". The sale is final when you drive away.
Well what makes a car faster is the type of motor it carrys plus the transmission Well what makes a car faster is the type of motor it carrys plus the transmission Well what makes a car faster is the type of motor it carrys plus the transmission Well what makes a car faster is the type of motor i...
Very common issue.Most states have special exemptions for military.They let you keep current state registration even if you are located in another state and most let military keep their current registration even if in that state.
Yes. A lot of places may have a different policy on trade ins, however, I myself would consider taking in multiple cars as trade ins. Consult the dealer who you are wishing to buy the car from, and if you are going after a 'special deal' then I would check the small print first. Some places that...
You can go online to purchase Japanese used cars using websites such as Japan Partner Ltd. You can also use the Japanese run website AutoRec to have a used Japanese care imported.
You can buy tickets to Indy Car races at the StubHub website. You can both buy and sell tickets to events on this site, and they boast fair prices for the tickets they have available.
One can purchase subscriptions to car magazines through several different online websites. Some of these include: Amazon, Rogers Magazine Service, and Unique Magazines.
Find out if you can get it back Often, a bank or repossession company will let you get your car back if you pay back the loan in full, along with all the repossession costs, before it's sold at auction.You can sometimes reinstate the loan and work out a new payment plan, too.
Car Registered in One State But Used in Another And, most state motor vehicle departments require that the car be registered in the same state as the driver's current home address.Some insurers have special options for such situations.You should ask an insurance agent how it should be handled.
After a very recent repossession when you are applying to get another car should you tell them about the repossession if it hasn't shown up on your record yet?
Depends on whom you are applying to. Tote-a-note lots uaually don't care as long as you have a down payment. Banks will find out asap, anyway. You see, the lender who repoed will show that you have been in default for 30-??? days and when they check, bingo. Oh, Joe Blow, yeah, we had to repo his ...
Simply find your vehicle, and easily see which other cars have wheels/rims that carry the same bolt pattern as yours when interchanging.Most sites sort by MAKE, which makes it easy to find your vehicle, but makes it very difficult to find other rims that will fit your car.
No, unless it is a very low mileage car and the reason is a leaking top seal. If one shock is leaking in a high mileage car, it means the other shock will also be worn, even if its seal has not leaked. If you replace only one, the damping will be unbalanced from side to side. This is potentially ...
Yes they can repossess everything that you got a loan for.
- 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...
It will still show up as a repo on your credit report, even if you brought the car back and told them you can't pay for it.