this guy I know traded his car in on another car, he payed on it for a while and stopped, they have never repo it yet, will they get a judgement against him. I told him to fall bankrupsey on it and then he could work something out. can they put him in jail where they haven't repo it yet.
2007-10-27 16:17:33 · 10 answers · asked by tucky1225 2 in Cars & Transportation ➔ Buying & Selling
He won't go to jail unless he refuses to give the car back after they ask him for it. It is a felony to hide or refuse to give the property back. So, if they ask for it, tell him to give it back. They will eventually contact him. It depends on the company, the amount, and the condition of the car. They may not want the car back and take him to civil court.
2007-10-27 18:42:15 · answer #1 · answered by Anonymous · 3⤊ 0⤋
no jail time it is a civil matter, but this person will have to pay for the car and it will be on the credit score for 7 years. when the repo man comes just give up the car or bring it back. if you want the car then pay for it. but the repo man will always find the car. He will pay people to tell him or her where they have seen it. I know I did repos for 5 years and we always get the car. first its repo then the bank comes after him with court papers and maybe garnish his wages
2007-10-27 17:16:47 · answer #2 · answered by wyofficer31 1 · 3⤊ 0⤋
Jail is very unlikely, since this country did away with "Debtor's Prisons" nearly three hundred years ago. However, they will repo the car and/or garnishee his salary, after getting a judgment against him. Tell him to make the payments asap or his credit rating will go straight down the dump. Filing bankruptcy should be a last ditch option as that will also destroy his credit for the next seven years. Good luck!
2007-10-27 16:24:59 · answer #3 · answered by Kiffin # 1 6 · 2⤊ 0⤋
They will eventually get a judgement against him and repo it but they won't be sending him to jail unless he commits another crime (say stealing the car from the finance company by preventing them from repossessing it).
Going bankrupt will completely eliminate his credit and should be thought of as a latch ditch move, he'd be better off just letting them take the car (if he goes bankrupt they'll be able to take it anyway).
2007-10-27 17:16:56 · answer #4 · answered by bestonnet_00 7 · 1⤊ 0⤋
really they wont put him in jail for not paying...unless its been a reallly long time and he makes every attempt to keep the car with out paying on it...eventually they will repo it or get the cops to put a boot on it so they can tow it....tell him to call the finance company he went through and get a deal worked out ...most of the time they will understand that you got other stuff going on and aslong as you try to pay on it they wont tow it
2007-10-27 16:27:32 · answer #5 · answered by Mr BoBo 1 · 2⤊ 0⤋
To all the persons who shop asserting "lemon regulation"......there is not any lemon regulation for USED vehicles. It makes no distinction what state you're in. Used vehicles are offered as-is till the broker delivers an elective guarantee, in many situations at extra value. it quite is precisely why it is so important to have the motor vehicle appeared at via a trusted save. by no potential merely take the word of the vendor. A situation can exist that they do no longer look to take heed to to. You the two might desire to get the vehicle fastened or get yet another, yet you have no recourse with this deal. Use it as a learning experience.
2016-10-14 05:53:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
they'll get the car sooner or later, trust me. jail, doubt it. ruin his credit, put a charge on him and serve him court papers for any amount due after they sell the car to another.
so say he owes 10,000 on car. bank repo's it and resells it for 8000. the bank will put a lawsuit against the guy for 2000 and any costs to the bank for getting the vehicle back.
2007-10-27 16:24:28 · answer #7 · answered by Anonymous · 2⤊ 0⤋
repo it...they repo'ed my sisters mustang when she stop paying haha she parked in the garage all the time but one night she left it out and they took it. she had a nice sound system in it too and they took that
2007-10-27 17:29:17 · answer #8 · answered by Cnote 6 · 2⤊ 0⤋
They'll repo it, ruin his credit for about 7 years, and maybe castrate him. lol
2007-10-27 16:21:26 · answer #9 · answered by mustanger 7 · 2⤊ 1⤋
the car will be repo'd from the poor sap that bought it and the only thing he/she can do is sue the seller for selling property with a lien. oh and his credit score will suffer.
2007-10-27 16:26:04 · answer #10 · answered by lint 6 · 1⤊ 2⤋