the loan company added as a lien holder. They also didn't require us to add them to our auto insurance policy. We then filed bankruptcy (which was discharged over 2 yrs ago now.) In the bankruptcy we chose to surrender the vehicle. (The loan was for $1700). The title loan company (an online cash advance kind of place) never would pick up the vehicle. They never even responded to the formal notices. I believe they are located 1000 miles away. Anyway, the vehicle has been sitting ever since. We aren't carrying insurance on it. It's no longer current with registration or inspection. We've been afraid to drive it, fearing if we ever got pulled over it might show up as not belonging to us & then what would we do? Can someone please tell us what we should do with the vehicle? We assume we can't legally get rid of it but should we pay to update insurance, reg, inspection, repairs, etc? We don't even know who shows up on the title or how to find out.
2007-06-13 13:05:11 · 3 answers · asked by PleaseHelp!Thanks 2 in Cars & Transportation ➔ Insurance & Registration
Go the the DMV with the tag and VIN. If it's still in your name they will tell you that, they won't tell you if it's not, but if it's in your name they will.
If it is, the next thing is do you want to keep it and drive it? If so, get tags up to date, insure it and drive it. If not, call the nearest towing company and have it taken away.
And of course if it's not in your name report it as abandoned and get it towed.
2007-06-13 13:44:06 · answer #1 · answered by oklatom 7 · 0⤊ 0⤋
Legally the vehicle is the property of the title loan company. No, you should not try to insure it or have it inspected. That would only complicate the matter and you would be paying for insurance, inspections, repair, etc for nothing. You could file for a lost title and try to find out the ownership of the vehicle that way. Try to contact the CEO of the loan company if necessary.
2007-06-13 14:09:45 · answer #2 · answered by curious george 2 · 0⤊ 0⤋
And to top all that off a non licensed car might be a nuisance and towed even from your drive way if neighbors complain. In Texas the non driving car has to have a cover over it or parked out of sight. Check your local city codes. Have you tried to apply for title to this car it might be all yours anyway?
2007-06-13 13:16:58 · answer #3 · answered by John Paul 7 · 0⤊ 0⤋