You might also try posting your question over at the legal forum on this site.
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Submitted 616 days ago...
You might also try posting your question over at the legal forum on this site.
They do have Lien Holders Rights so if your car is worth the amount they want to get your car back pay them , get your car back and move on and save your self a lot of worry and time
The titled owner has the right to repo the vehicle. As a purchaser you must have a legal driver's license and auto insurance on your car. Just like it would be illegal for you to loan your car to someone knowing they don't have a driver's license , it would be illegal for them to allow you to drive that car that your buying. I'm pretty sure the police contacted the lien holder the reason they were holding the car, So they didn't want to be held responsible huge impound fees so they paid the tow company and now you owe them not only for the monthly loan payment but also impound fees and they are totally with-in their rights to sell the car to recover their loss. And also they can go after you for any balance that is left over between the amount they sell the car you were buying for and any balance that is left over. Example say you owe them $1,000.00 plus $300.00 impound fees which brings the total to $1,300.00 and they auction or sell your car for $900.00 leaving a balance of $400.00 the can legally sue you for the balance. Which the judge will nearly always see in their favor and you'll have to pay them plus they can put a mark against your credit which will make it nearly impossible to get another loan.
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