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Submitted 142 days ago...

jtd

jtd

New User (1)

Legality of keeping car elsewhere to avoid repossession

Is it illegal to avoid repossession by keeping vehicle elsewhere until you can make payment

 
Answer
 

Submitted 140 days ago...

Susu

Susu

Professor (1,358)

Once a bank or lender sets up a repo order, you are require by law to either make up payments immediately, or surrender the vehicle. If you do not comply you are considered in possession of stolen property and can be arrested if the vehicle is reported stolen. Many large companies are doing this, be careful. Sometimes its better to cut your losses if the financial institution is not willing to work with you and you can't secure refinancing. Good luck. Susu

 

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