2007-03-16 03:56:37 · 16 answers · asked by Rodney T 1 in Politics & Government ➔ Law & Ethics
Yes, it is not really yours until it is paid off.
2007-03-16 03:59:46 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Repossessing a financed vehicle is a matter of contract. In the financing contract, the borrower agrees that the lender can repossess the vehicle anytime, anywhere if the borrower defaults under the agreement.
Subject to the repo man not disturbing the peace, the repo is merely enforcing a private agreement and can take the car anytime, anywhere, so long as the borrower is in default.
2007-03-16 04:25:35 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It can only be repossessed if you owe money on it.
Each state has different laws but I'm willing to bet you won't be able to prove that they took it from your friends property once they have it..... And they will have it!
2007-03-16 04:10:45 · answer #3 · answered by Ernie 4 · 0⤊ 0⤋
Depends on the repo-laws in the state it's located but for the most part yes, so clean out your personal possessions and give it up.
2007-03-16 04:00:36 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Yes. As long as the repo agent is authorized to work in that state, he can come get the car.
2007-03-16 04:00:01 · answer #5 · answered by Team Chief 5 · 0⤊ 0⤋
Yes, if they can find it, Finding it of course will be the hard thing. But once they locate it, they will send a repo person from that area out to get it.
2007-03-16 04:00:18 · answer #6 · answered by Anonymous · 0⤊ 0⤋
only provide the business enterprise the recent address and make an affiliation with them to voluntarily provide it lower back, they're going to easily upload the fee to get the motor vehicle lower back away whilst they take it to a public sale to sell, subsequently you will see what you very own after that if something.
2016-10-18 12:52:21 · answer #7 · answered by fugere 4 · 0⤊ 0⤋
I dont know if it can be repossesed on someone else's property but you can be charged with theft by taking which is a very serious offense.
2007-03-16 03:59:30 · answer #8 · answered by ray_hilton717 2 · 0⤊ 0⤋
Yes they can if they can find it. Then when they take it and auction it off, they sell if for a hell of a good price and then they try to make you pay the rest off.
2007-03-16 04:07:04 · answer #9 · answered by Mommyof2angels 3 · 0⤊ 0⤋
Your car can be repo'd from any property if it is a legal repo.
2007-03-16 04:04:27 · answer #10 · answered by dude0795 4 · 0⤊ 0⤋