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Submitted 507 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 / 11 - Submitted 507 days ago...

kbky11

kbky11

Brain (12,549)

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 ,

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Answer 2 / 11 - Submitted 506 days ago...

jim5456

jim5456

Brain (2,799)

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

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Answer 3 / 11 - Submitted 505 days ago...

Susu

Susu

Professor (1,360)

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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Answer 4 / 11 - Submitted 241 days ago...

dhinton

dhinton

New User (2)

Please call me as soon as possible. It's very urgent because my car may be repossess on 3/25/09. My Cell phone is 609-954-1261. Can you please help me?

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Answer 5 / 11 - Submitted 241 days ago...

dhinton

dhinton

New User (2)

No it would not be illegally if the car is park somewhere else.

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Answer 6 / 11 - Submitted 196 days ago...

amac

amac

New User (2)

What steps do they take can they call the care in stolen

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Answer 7 / 11 - Submitted 196 days ago...

amac

amac

New User (2)

Can you go to jail by avoiding a repo

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Answer 8 / 11 - Submitted 196 days ago...

LissaC

LissaC

Brain (6,054)

You can be arrested for theft if you have someones car that you have not paid for. You signed a form stating you would make the payments, when you stopped making the payments the car became theirs and if you keep it withouy paying for it, yes that is illegal and you can be arrested of you do not return the car or pay up.
How would you feel if you paid for something for someone that promised to pay you back and they didnt? Not too fair.
Pretty damn cruel if you ask me.

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Answer 9 / 11 - Submitted 116 days ago...

FairCredit

FairCredit

New User (3)

You cannot be arested for breach of contract. Sued yes, arested no. The law doesn't care much about how you feel.

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Answer 10 / 11 - Submitted 90 days ago...

JesusLoves

JesusLoves

New User (1)

Truly, what ethics class did any of you attend? When you sign for any materialistic item (tangible or not ), whether that be a house, jet skis, car, attaining a college degree, obtaining a credit card , etc, YOU clearly are the individual stating to the world you are responsible and are to be trusted . Once you violate that commitment, you Need to take immediate action. First, no one knows your circumstances better than you. So it;s YOUR responsiblility (not your parent;s, spouse, not your children's, not your neighbor, not your landlord, etc....IT IS yours to get back into check. Therefore, you need to recognize you need to make those you owe money, are aware and work with them for possible alternate payment adjustments. It is important that you are honoring your word of commitment for making monthly payments until the day it is paid in full. Most important, check your finance capability and savings and ability to pay ontime BEFORE you commit to purchases! Determine if item is a NEED or WANT.....i.e Nice to have a car.....but I need to think about annual cost for insurance, oil changes, tires, maintenance, weekly gas cost., car payment, how many tasks you really need for this transportation...do you have kids to take to school, daycare, soccer practice, groceries, work, etc.....or is there metro or bus, bicycle, or motorcycle an option.....Determine Purpose ......(how do I get to work) then Write all logistics that involve a new purchase with monthly payments.......or can you save until you can pay for out right......even if is is a used vehicle? Remember it is YOUR DECISIONS and ACTIONS that determine what your future "REACTION" will be......is that a reaction of feeling everything is on course, because you PLANNED and thought through or is it one with haste and impatience that results in chaos and seems like no way out or no light at end................Remember, too, those decisions make long, lasting effects.......7 years to be exact on your credit reports.........which determines what the bank applies to your interest rate to monthly payments....................It is worth the effort to PLAN......

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