Repo Car.... AHH What now???

Question

My friends car was recently reposessed. They took it while he was working so he had no idea, untill later on security let him know. They left no number or anyone to contact. The place where he bought his car from (buy here pay here) is nolonger where they use to be a year ago, no trace of them.
Anyways what do you do when your car has been repoed? Who do you contact to find out exactly where your car is? Are they legally suppose to give you back anything that was inside the car? How important is it to contact your insurance company, and do you still have to pay insurance on a car you dont have anymore?

Answer 1

Depends: does your friend want the car back?

If he does: contact the local police. They are supposed to have received a notice from the repo guys that they are towing your car legally. May have to pay the PD a "repo clearance" fee. That should at least get you the repo folk's telephone.

From there, call them up and see where the defaulted payments and processing fees (AND towing charges, AND storage fees [yes, even same day]) can be paid and cleared. Your friend probably have to Western Union it, if the other side takes that.

Once all that's done, they'll call the repo folks to release the car, then you can go and pick it up.

If he no longer wants it... The title / reg papers should have the Lien Holder's name and contact info on it. Search on Internet to find a contact. The monthly car payment paperwork should also have customer service number. Call that and ask nicely about how to get the stuff returned, but you'll have to go pick it up. They won't deliver. Contact insurance that you are cancelling policy, as car is no longer in your possession.

Answer 2

I'm amazed at the people that have no clue, and yet answer anyway. Anything you have added to the car, upgraded stereo, rims whatever, goes with the car when it get taken by the repossession agent. It's gone. Once it bolts to the car, it's part of the car. The only thing you might be entitled to from the car would be personal items, glasses, prescription medications, things like that.

No, they don't need to tell you and let you come get your stuff out. Yes, cancel your insurance.

You would contact the same people who have been sending you demands for payment. If you are willing to pay off the balance owed, plus the costs of the repossession, towing, and storage, they *might* let you have it back and tell you where it is.

Otherwise, don't worry about contacting them, they will contact you soon enough. They will sell the vehicle to recoup some of the loss on it, and bill you for the difference between what was owed, plus the costs of getting it back, subtracting the price they got for it upon sale, billing you for the difference.

You will also have a repossession on your credit report and will find it difficult to finance another vehicle.

Answer 3

You do not have to pay insurance on a car you no longer have for noy required if you are driving the car .Its very important your friend contact the insurance company and inform when repossessed to obsolve himself from any legal liability.He also needs to cantact-th Tag Office for presetly still listed as owner and whom car is registered to so if car involved in accident will come after him.To find car sales dealership contact the better Business Bureau -if any complaints they should know where located or call 411-if still in business and undr same name can locate at least phone no and go from there. Check with attorney about his possessions in the car to see if he has a legal claim to get back.

Answer 4

Yes you are entitled to ALL of your property inside the car and any extras you may have added to it like stereo or rims. Tell your friend to contact the bank that his/her auto loan is financed through (ie. Wells Fargo,etc) and they will tell him/her what tow company they use in that area to tow/repo cars. (The buy here/pay here place also uses a bank.) Tell your friend to look at their bill of sale, registration, paperwork or whatever for the bank name and the corporate office of the car company. No, you dont have to pay insurance. Just call the insurance company and cancel the policy.

Answer 5

You will have to move to court docket to give an explanation for your variation of the tale. However, the pass judgement on usually may not care why you permit the vehicle get repo'd. Based on you publish you will have a few issues running towards you. First, in case your husband purchased a vehicle from them earlier than and back it considering that it used to be a lemon, why might you purchase a different vehicle from the equal dealership? Secondly, I might guess that the vehicle you purchased got here "as is" which means that you simply receive the automobile in something situation the automobile is in while you acquire it. If that is the case the dealership will most likely argue that the vehicle used to be satisfactory while it used to be bought, and the process where you drove the automobile contributed to the issues. Lastly, should you purchased a vehicle from them ago, and back it and the dealership bought it once more that is now not unlawful, and it does not pertain for your case. You can usually assume the pass judgement on to make you pay for the vehicle or have a judgment issued towards you, in which they may be able to garnish as much as 50% of your wages. Best of good fortune.

Answer 6

get hold of the police.your suppose to be contacted that they are picking it up,so you can get your personal stuff out of it.if the police dont know,then get an attorney.i would tell my insurance company what happened,and maybe they can help him.he shouldnt have to pay for insurance on something he doesnt have anymore.

Answer 7

When it comes to repossesion of a car they don't have to contact you to let you know. If they did people would just hide the vihicles. You lien holder (bank that loaned money) are the one you need to contact. they are the one who coordinated the re-po.

Answer 8

ask the police.Get personal stuff.....cancel insurance