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Submitted 66 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

 
 
 
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Answer 1 / 3

Submitted 66 days ago...

kbky11

kbky11

Brain (2,744)

This is a game tht repo people play with you , and they might try to get you to tell them , but id just hide it for awhile till i could make the payments , it s in your name , so i dont think its not legal ,

 

Answer 2 / 3

Submitted 65 days ago...

jim5456

jim5456

Professor (1,074)

Your only hope is to talk with the bank possible refinance through them unless you have distroyed your relationship with them some will negociate with you they can call a notr due for nonpayment something you need to know the bank is the true owner of your car there can be legal ramifications for not returning their property==talk to the bank they realy dont want to be in the used car bussines oh by the way sooner or later you will screw up and they will find it

 

Answer 3 / 3

Submitted 64 days ago...

Susu

Susu

Professor (1,146)

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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