What will happen if I will going to sell a car that has been mortgage to the bank and sell it to other person?
Will anything happen to the person that owns the car if someone else is using it and gets in trouble?
if you are not fully insured you will get screwed you will lose your lic till acc is paid for then you will have to have a sr22 for 3 years
Do I have to keep paying for a car that has been reposed by a bank if I surrender it to the bank in which is carring the loan?
The bank will sell the vechile, u will be responsible for the difference between what they sell it for and what you owe . plus any interest and penalties.
Yes because that is what it is.
Not much you can do with it. Drive it if it will run or call a wrecker compnay to come get it if it wont run.
What happens if I cancel my car contract that financed for 5 years for personal reason and its been a year and a half that I have paying the fees?
A contract is a binding legal agreement, and you cannot cancel the contract. If you fail to make your payments on time they will repossess the vehicle. They will then sell the vehicle for whatever it will bring, and you will be required to pay the difference in the selling price of the vehicle an...
If you have 10 days to settle with the bank can the tow company brake into your car and take personal items before that time is up because it has been 2 days and they did?
Sign a complaint with the police against the tow company and it's owners. They took your vehicle and depending on the state you can sue them for negligence in protecting your property.
Many spouses take out mortgage loans in joint names.If this is the case and your spouse dies, you are still a borrower on the mortgage and you are responsible for continuing to make the payments.However, federal law prohibits the lender from calling the entire mortgage due because one spouse has ...
If a car has a lien on it and is in a shop and been repaired can you go to the owner of shop and repossess even if the repair bill has not been paid?
NO. The repair shop has a lien also. Pay the bill.
go to eric sykes multiplotorium emporium of goods who will supply you with endless money due to his richness, he eats banks money for supper. nom nom nom.
The car will not be ready for use so you have to warm up the engine or just ride it often
well, besides going to jail if this even happened....which wouldn't, it would cause damage to your car cosmetically or genetically. and it would happen two different ways, if it you hit someone and it went underneath your car, it would tare p the "underbelly" of your car resulting in oil leak and...
What do I do if someone I sold a car to after numerous phone calls has still not picked the car up and it's been over a year?
If he payed you I would try to contact him for a little longer. If not I would resell it. A year is a little long for something like that.
The police will investigate the crash to determine the cause/causes. A report will be given to the district attorney who will decide if a criminal prosecution is warranted. Also, the family of the deceased may decide to sue you for wrongful death if they can prove it was your fault in any way.
Of course, at whatever the value of the proerty is...although they frequently have contracted with someone to handle selling all of the vehicles that they have to repossess, so they may refer you to them. And, frequently, the property has been sold very quickly (brought to auction) after they gai...
Go to the Dept of Motor Vehicles and they will direct you how to file for a disclaimer . Do this before the new owner has an accident or gets a ticket, as this may cause you some real serious problems.In most states, you are responsible for the vehicle until you have officially transferred title ...
When you do a voluntary surrender, your credit report will report “voluntary surrender” on the auto loan account.Excess DebtIf your car sells for less than what you owe, that debt will continue to be reported on your credit report as an outstanding balance, which hurts your credit score.
It depends on what type of racing you intend on doing. A typical 1/4 mile drag rear wheel drive car would have larger rear wheels for traction and smaller front wheels for less weight but this is only useful for the 1/4 mile RWD drag racing.
What should you do if your car is reprosseessed you pay the bank fees after returning your car you find that it has been damaged?
File a claim with your insurance company. First call the bank and tell them what happened, they may have another idea.
Does letting a car go back to the lien-holder affect your credit even though i took no loan from the bank and also what is the best way to give it back to that person?
If you were the lien holder, how would you like it given back? How soon would you like it given back? and how much money would you want if the person you trusted were to give it back in it's current condition? The credit effect is between you and your God.
This depends where you are located. If you have bad credit and are looking to buy a car you should do a search with your city and you will find multiple dealerships that deal with bad credit.
I have a small business and cant make the payments on the tractor and trailer any more. What will happen if I have to let them go back?
you will get kidnapped then bummed by 5 black mans all hiv postitive
^^previous poster^^ my car has been reposessed in the state of Washington, and the finance company has told me that in the state of Washington the payoff balance must be paid in full my (me) or another financial institution.i have tried through my personal bank, a couple credit unions, and many o...
someone will hit you on the head with a tack hammer, because you are a retard.
In New York if you sell a car to another person and they do not register it with motor vechicles what happens?
If they do not register the car in their name then if the car is wrecked or used in a crime then it will come back to haunt you
Well, since the sunlight or any light gets on tinted windows, the less tinted(or darkness will show.) So, that will conclude that it NOT bend light or (refract.) And it will NOT transmit. It will also NOT be reflected. It will be absorbed. Tinted windows absorb light. :D
A lien lasts as long as a car has an outstanding balance on it, so if you purchase a car with a lien on it, you must pay it out in full.After the balance is paid off, you have to contact the lien holder, who will then clear the title.Furthermore, the car cannot be bought unless the lien holder ge...
What happens if I sell a car with outstanding finance? Both new and used cars can have hire purchase agreements taken out on them.It belongs to the finance company, and they have the power to seize it if payments cease to be made on it.
Normally you could simply sell the car.But when you still owe money, you do not have the lien to the car.In order to sell a car under a lien, you need to pay off the bank with the lien to have it removed.Once the lien has been removed, you can proceed with the sale.
No, only if you get caught. As long as they have a passport, or visa, they will be fine. If not, then I doubt you would go to jail, but they might.
Bank will not repo your sons car it has been in your garage for over a year you have call them many times and they keep telling me that the repo man will show up?
How about giving it to your son to keep at his house?If he lives with you, let him drive it until the bank does repossess it.I would guess that is to the advantage of both of you.He still has a car to drive without borrowing yours.But certainly, if payments aren't made the repo man WILL come soon...
You are kidding rite?? You took a bad motor and tranny out just so you could look at the empty space?? LOL Did you think of this clever ruse all by yourself??? It doesnt matter, the lender will charge you for whatever is missing at RETAIL prices. You will pay for it.
If you buy a car in a marriage and the car is in one persons name can that car be given to the other party?
Yes you should be able to sign it over into another persons name depending on the owners feelings toward the matter
Any used car bought better undergo an inspection by a trained mechanic. There are a slew of parts and systems that can go wrong simply if the car has been sitting for three years. Was it sitting in the sun or inside a shaded area? what is the condition of all the rubber parts, hoses, boots, belts...
What if you have a vehicle that has been written off for non payment that has been sent to a collection agent?
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 established by the signed contract and by state law. If your payments are late or you default on your contract...
A "pink slip" is a bill of sale showing ownership of the vehicle. A valid title is issued by the state in which the vehicle is registered.A vehicle that has a lien existing on the title cannot be sold by anyone until said lien is satisfied in some manner.Titles can be issued in two ways:When the ...
No. All finance companies require you to carry full coverage, for their protection of the money they funded If you don't, they will buy it for you, send you the bill and/or add it in the monthly payment. If you do not make the full payment they will repossess the car. Your insurance will pay you ...
They should tell you that you have till A certain date to catch up all due amounts or they will "take action to collect the debt" that means they will repo. the vehicle, Some banks will tell you when and where they intend to do the pickup of assets, almost all banks will not do A repo. until the ...
How can you sell a car that's been in repossession for two years and the creditor has exhausted all efforts in getting it back?
If the title is not free and clear, then the title cannot be transferred to a new owner and it cannot be sold. If the creditor has written it off and it is no longer in dispute, then it can be sold.You can sell it as scrap metal to a junk yard without a title, I believe.
By car I assume you are referring to anything with wheels powered by some form of propulsion. If so, then the fastest recorded speed by a vehicle is the Thrust SSC which set a world record in 1997 of 763 mph. The record was set at the Black Rock Desert in Nevada, USA by a British pilot Andy Green.
What can you do if there are two signers on a car and the other person takes the car and moves halfway across the country and never tells you that the car ended up going through repossession?
Here my Suggest. Go to Lawyer and they can help you. make sure you do it soon as possible before the Repo company come to your house. But go to Lawyer and find out more Detail soon possbile.
Is it illegal to have a learners permit and have someone that is 21 riding passenger that has been drinking?
It is not illegal to have a learner's permit, regardless of whom is riding where.But what I think you are really asking: Generally, the restrictions on a learner's permit require that a licensed driver above a certain age who is able to take control be in the vehicle. You'll have to check your st...
In most states if your bill of sale says "sold as is" you have smogged the buyer. It's a good idea to keep a signed copy of the bill of sale also. Some buyers never put the car in their name. You may get later get parking tickets and even be sued when the buyer wrecks someone else.
Can you travel back to America from Mexico without a passport if you are a US Citizen? Americans returning from Mexico require a passport, birth certificate, resident alien or a SENTRI card.You must prove that you are a legal resident of the United States, not a citizen, to get in to and out of M...
The engine can be rebuilt, but you will obviously need a new crankshaft. Also, make sure that when you take the block to a machine shop, that they will align bore it. That's where they remove a small amount of material from the main-bearing mating surfaces and use a special boring rod to put the ...
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
get a gun and shoot yourself because you cant get rid of it its like Daniels mum!!!!!!!!!!!
if u drive on the road yes.
What happens to a person who bought a car a month ago and has not made the first payment yet and wants to return the car?
Also, the seller can (and likely will) sue in court for the balance due and make you pay the purchase price.It is called voluntary repossession. They will sell the car. You will then have to pay the difference in what the car sells for and the balance on the note. You credit will then be ruined f...
What happens when you are in an accident and the other person has no licence or insurance but the vehicle he was driving has insurance?
Auto insurance follows the vehicle primarily, not the person. The problem is going to be that I will guaranty that the person is not listed as a driver on the insurance policy for the car he was in. Most likely, the company will pay your claim with no problem as long as you don't appear to be loo...
You will go to the hospital and possibly die. :)
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...
Does the bank have your current address and/or phone number? They will be calling on you.
Saskatchewan Tint tickets What happens if you just don't take the tint off They never put anything on the ticket that i had to go back and get it inspected Just to make sure that it's off?
Someone told me that if i don't take it off and the cop sees it again then he'll tow my vehicle. Is this true? It was in a city anyhow. And i don't even go there very often. So would it come up in my report with my licence?? If it did couldn't i just say i got it re-tinted??
in most states, as long as you have a bill of sale with the date of sell, signitures and driver liscense number of the person buying, you should be OK. if the new owner never registers the vehicle, and is driving the car with false or no plates, he will eventually get caught. If the new owner get...
A collision that results in death or a serious injury to anyone will typically lead to felony hit-and-run charges.In some states, even a hit-and-run accident that causes significant property damage can mean a felony charge.Typically, though, if no one was injured in the collision, the charge will...
you could get sued by the holder of the lien
If car loan is under sole name and that person has died can the title be changed so that it can be paid off?
No need to change name to pay off. Need to change titleship with proof of death and a Judges determination that it goes to you if you intend to reregister it. The other way to gain ownership is to do an "abandonment" process. This varies from state to state. Contact the DMV in your state, they wi...
If you co-signed for a car and the other person took the car to Canada and won't make the payments can you go get the car if you are also a co-owner?
http://www.repocanada.com/usrepo.htm check this link
If your car has been totaled but you bought it back and had it repaired is it true that it can never be totaled again?
It can be totaled again but payout will be much less, typically 50% of the value of a comparabe clean-titled car plus credit for any upgrades you've done and can prove with receipts (keyless entry, new brakes, new alternator). It's subjective so make sure you know the value of your car with a cle...
Can a credit card issuer access a personal checking account to pay an account that has been written off?
If there is a valid judgment against the account holder, the judgment creditor can levy the bank account to recover the monies owed according to the terms of the judgment and the laws of the state in which the account is held.
Let's assume the person to be hit is walking perpendicular to the car, and let's assume that the car is a standard four-door sedan.10mph: Bruises, maybe a broken leg or a broken arm. If the person falls on their head, a possible skull injury.20mph: Most likely one broken leg, if not two. If the p...
I'm guessing is the Karl- Benz patent motor wagon
check local requirements from dmv
If you plead guilty and pay the fine, you will get points on your driving record and your car insurance payment will go up.If you don't go to court or pay the fine, your license will be suspended and the court can charge you with a misdemeanor and issue a warrant for your arrest.
Does the seller have to disclose if a car has been in a wreck before selling the car in the state of Missouri?
If the car was damaged for more than 75% of it's value, it may be a legal requirement to do so. It is good practice to disclose any major faults anyway, since in some states you could be open to legal action for failing to do so.
What will cause 94 ford escort lx not to start after it has been driven it will start after the car has been sitting for a while like over night?
are you saying vehicle will not start when hot? if so, i would get battery checked if battery is old, it loses cranking amps and will not supply enough to start a hot engine
How do you go about getting a title for a truck that has been abandoned on your property for 4 years and owner has gone back to Mexico?
It depends on your state. In some states you can file a certificate of lien form for the vehicle and get the title and other states will not. You will have to contact the motor vehicles office in your state.
What if a person is driving a car and is drinking and a person that is in the passager seat of the car dies in the result?
I'd say he is in serious trouble - not only for a serious violation of the law, but more importantly he is instrumental in the death of another person. Only an attorney can advise him of the implications of these actions. On a personal level, I have absolutely zero sympathy for anyone so negligen...
What happens if you contract to buy a car and the seller sells it to someone else for a higher price?
Depends on the contract. Check to see what penalties are listed for defaults.
Can a bank repo your car sell it and still say you owe the full amount of the loan and how do I prove they sold the car?
i believe they auction the car off... the remaining balance, you would have to cover and any fees, like cost of Towing the car off your lot. storage fees for keeping your car and so on..so lets say that you owe $17,000 on the car and they auction it for $5,000. that means you would owe the bank $...
If it's not theirs then they can be charged with fraud.
You are lucky. If you cannot make the payments contact the lender and try and work something out. If not voluntarily turn the car in yourself. You will save yourself the repossession fees.
Can a person that makes 4500 dollars a month get a car loan even if he has only been on his job for 4 months?
Almost anyone can get a car loan. Question is, should you? My advice based on years of buying vehicles both new and used. Buy something you can pay cash for and leave the auto loans to the suckers. Once you save some more money, sell that car and move up, always paying cash. Never ever buy a bran...
How do you get a car back if you finance the car the other person is a named driver on the car and drives around in it?
This could be ugly.If you are the listed owner on the registration you could:If the other persons name is on the registration then you will have to go through a legal repossession probably involving a lawsuit.
You have a caravan that has been voluntary handed back to the bank creditors do they have to by law achieve the maximum price?
If you mean the retail price, NO! They will sell the van for whatever they can get which is in essence the maximum price. The selling price must be resonable. You will then be responsible for the difference in the balance on the note and what they sell it for. You will also pay repossession fees....
Turn it into your insurance company first. Your insurance should handle everything.The way it usually works is his car is supposed to be insured so contact the "borrowed" cars owner and see if the driver is covered, if not the borrowed cars owners insurance may not pay and the owner will be liabl...
Rising petrol prices, oil wells drying out and less pollution of the environment.
If a bank mistakenly repossesses a car what liability do they have if the person picking up the car made threats and damaged the vehicle?
Call a local attorney ASAP. IF you have "damages" or "rights" (MONEY), they will be the first to tell you and take your case.
A repo person is threatening to offer a finders fee to every other employee where I work for the where abouts to my car. Is that legal?
That sounds like behavior outside of the law. However, the bottom line is that you need to go back to the lender and pay up, or return the vehicle. Both the collector and you are placing your co-workers in a difficult position.
Yes. lenders have the right to collect there money. The only way you can get around this is to file for bankrupcie.
You will need to clear out all the muck and grime which could have been accumulated in the fuel tank, gas lines and even the intake manifold.
Log book for cars? They do not have them for cars. Planes do.
What are your rights when you repossess a vehicle that was in default and the person wants to sue you for moneys she has already paid but you won't be able to sell it for the balance owed?
Law on this subject will vary from state to state, so you should see a local attorney. In most jurisdictions, the owner cannot sue to recover the payments they made. If the lender follows proper legal procedure, the lender should be able to sell the vehicle at a public auction, apply the proceeds...
Maybe the car needs gas.
If you owe less than the car's value, you've got equity.If you owe more money on the loan than the car's actual value, you have negative equity.You'll pay off your loan and that's that.There will be no danger of hurting your credit because of late or missed car payments.
If I am driving a car in my mother's name and she passed away and I am the person who has made all the payments how easy is it to transfer the name on the title?
You would have to talk with the executor of the estate. If you can prove the payments were made by you, you should be able to work it out, but the probate court will have to okay the transfer.
You need to get a "lost title" form from the DMV and have the seller sign it. This form will work as the title and you will need a "bill of sale" to go with it.
My car can go up to speed but it has like half the power when accelerating and it shows a lost of power when I go up hill?
first check air filter is clean and not clogged next check fuel filter is not clogged check brakes are adjusted correctly and not dragging
The ship will only take your vehicle. It will be a freighter.
A hit and run accident is when a person collides with a person or another car (parked or in motion) and flees the accident scene.Leaving the scene is considered a criminal offense.Depending on the state, a hit and run may be a misdemeanor or felony punishable by fines, jail time, license points o...
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...
If you still have the VIN # you could possibly contact the DMV to find the location, or you could ask the person's old friends to see if he/she left a contact address.
Can a repair shopin Wisconsin sell a vehicle if im still making payments on it and it still has a lien on it.the repair shop chareged me for storage that i could not afford and turns out they sold it?
Yes, after a certain amount of time they can post it for sale and then if it doesnt sell they can go about getting a title then really sell it.
It is a common insurance myth that insurers will not cover a stolen car claim if the keys are left in the vehicle.This is not true.Whether you left your vehicle unlocked, have a spare key in your vehicle, or even left the keys in the ignition, in most cases, your claim will be settled.
While you owe money to a bank, the bank has a lien, or the financial ability to sell your car.In order to sell a car under a lien, you need to pay off the bank with the lien to have it removed.Once the lien has been removed, you can proceed with the sale.
What is that buzzer sound when a car is started and how do you stop the buzzing if it will not go off?
is it a buzzing from the back of the car. it is probably a fuel pump in that case. nuthin to worry about. If your buzzing is coming from under your dash or up by your seat somewhere it is a faulty warning buzzer. If this is the case you will either need to find the buzzer under your dash and disc...