- Do you still have to pay if your car is repossessed?
- Can a repo man go in your backyard?
- Can a repo man move another car to get yours?
- What is the average repo fee?
- Can you settle a repo car debt?
- Can you sue a repo company?
- What happens if the repo man can’t find car?
- What can a repo man legally do?
- Is hiding a repo a crime?
- Can I go to jail for hiding my car from repo man?
- Can a repo man knock on your door?
- Do police get involved repossession?
- How long does it take to get car back after repo?
- Can a repossession order be stopped?
- How long will a repo man look for a car?
- How many car payments can you missed before repo?
- How do I stop the repo man from taking my car?
- Can a repo man come in your garage?
- Why are repo cars so cheap?
- Can a repo man track your cell phone?
- Can a repo man take your car from your driveway?
Do you still have to pay if your car is repossessed?
Unfortunately, the repossession process does not cancel your obligation to make payments under the loan or lease agreement.
Once they seize the vehicle, the lender can sell it or put it up for auction.
The proceeds of the sale will be subtracted from any balance that you owe..
Can a repo man go in your backyard?
The quick answer to this is yes. The California repossession laws allow repossession agents to enter private property to repossess a car or vehicle. … A repossession agent can also walk into the backyard to repossess a car as long as there is open access to the backyard.
Can a repo man move another car to get yours?
The answer is: it really depends. As a repo man can only repossess your car when they do it without breaching the peace. If you or your family notices that they enter your property and use physical force or threat, then the repo man has breached the peace.
What is the average repo fee?
150 dollarsUsually airplanes and semi-truck repos go for about twice the normal charges. But the basic repo fee is 150 dollars plus another 45 dollars for a driver fee. When a repo man picks up a car, he usually has to have someone drive him to the location. That is what this fee is for.
Can you settle a repo car debt?
Debt settlement can help clear your record from old repossession charges. Debt settlement companies will negotiate with your lender to help lower the amount of money that you owe on the repossession.
Can you sue a repo company?
When is a repossession wrongful? … Lenders and their hired repossession agents must follow the law when taking a vehicle. If a car or truck has been wrongfully repossessed, the borrower may have the right to sue the lender and repo agent, even if the borrower missed payments or defaulted in some way.
What happens if the repo man can’t find car?
If the repo man can’t find the car, he can’t repossess it. … Eventually the creditor will file papers in court to force you to turn over the car, and violating a court order to turn the vehicle over will result in accusations of theft.
What can a repo man legally do?
Repo men can enter your property to seize your vehicle in most states as long as they do not breach the peace. 1 What this means is that they can enter your property to seize the vehicle, but they may not use physical force or threats, and they may not break into a locked garage or another storage facility.
Is hiding a repo a crime?
Whether you can hide or lock up the car to buy yourself time to pay off the loan depends on where you live. In most states this won’t violate any laws, unless you do it with the intent to defraud the bank. … In some states, however, deliberately hiding a car from the repossession company is a crime.
Can I go to jail for hiding my car from repo man?
Question: Can I Go To Jail For Hiding My Car From Repo Man?? A repo man can’t send you to prison. This is a civil matter, not a criminal one. You won’t go to prison for not missing your car payments or for trying peacefully to stop the repossession.
Can a repo man knock on your door?
Repo Agents Hate To Door Knock. Repo agents always want more time to do a drive by and hope that the vehicle will eventual turn up. … … By hitting the door, you may determine that the car is in the garage and ready to be picked up.
Do police get involved repossession?
In most states, repossession agents have to inform the local police department of their intent to seize a vehicle before the repossession takes place. During the vehicle repossession, the police may be contacted by the borrower or the repo agent to come to the scene.
How long does it take to get car back after repo?
Usually, you are allowed only 15 days after the repossession to reinstate the loan. If your right of reinstatement is based on the loan agreement, then the time period may be more or less, depending on what the agreement says.
Can a repossession order be stopped?
If you reinstate the loan, you can prevent a repossession or, if the car was already repossessed, get the car back. With reinstatement, you bring the loan current by making up all of the past due payments, including applicable fees and late charges, in one lump sum. This is also called the right to cure the default.
How long will a repo man look for a car?
for 30 daysIf an auto lender hires a repossession agency to take back your vehicle, the company’s goal is to locate your car, remove it to a tow lot and hold it, generally for 30 days.
How many car payments can you missed before repo?
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.
How do I stop the repo man from taking my car?
Article at a GlanceAs soon as you default on the loan, a lender may repossess your car in California. … You can avoid repossession by reinstating or refinancing the loan, selling/surrendering your car, or contacting your lender to ask for other options.More items…•Jul 30, 2014
Can a repo man come in your garage?
A repo man cannot enter a private residence to retrieve a vehicle. This does not extend to your driveway or a side street, but a man’s garage is his castle. If you keep your car in a private garage, it will not be repossessed. … Needless to say, at that point, hiding your car will no longer be an effective deterrent.
Why are repo cars so cheap?
The upside is that repo cars are cheap, and that’s because the lender just wants to recover as much as possible, not make a profit. They don’t see it as selling a car, just disposing of an asset that’s going to continue to depreciate over time.
Can a repo man track your cell phone?
Many vehicles that are up for repossession are equipped with Onstar, or other satellite tracking system. … If you know the cellular phone number of the person driving the car you are trying to repossess, you can ping their cell phone, get their location, and dispatch a tow truck to their location.
Can a repo man take your car from your driveway?
A: The repo man isn’t legally allowed to enter locked and secured private property – such as a garage – to take away your vehicle. But they can repossess your car, without a court order, if it’s sitting in your driveway, outside your home, or in a public space.