NOT LEGALLY BUT THAT JUST DEPENDS ON WHAT YOU SIGNED -IF YOU HAVE A GATED AREA OR GARAGE PARK YOUR VEHICLE THERE THEY CAN'T TOUCH IT UNTILL YOU GET THINGS FIGURED OUT.THEN TRY TO WORK WITH THE DEALER.
They repo your car and sell it at auction or sometimes to a good buddy. What they sell it for is deducted from your debt but they add back the cost of the repo and selling at auction. Now - If they think the amount still owed is worth going after you and your assets -then they can go to court for a judgement. If you can't hang on to it ask them to take it back before they spend the money to repo it.
as long as you are in DEFAULT of the contract, they can repo the car. Dont forget the time element involved between you paying up and the repo co. being notified that you did pay. Have your reciept ready to show the repopeople that you DID pay and WHEN.
Yes, a repo is a repo whether you give it up or they take it.
They repo agent will take it when your not looking. The agent still has a job to do and only get paid if the jod is complete.
A long time if you hide it well!
If a bank has a lien on a unit and you are not paying they have the right to repo it. You need to talk to them and work out payments. A cure letter is them giving you 20 days to either pay the delinquent amount or they will take other actions such as a law suit or repo.
What exactly are they going to repo,you the vehicle was stolen and you no longer have it right, come on use the thing attached to your kneck.
Its a GAMBLE to see how long you can wait to pay. If the lender sends the repo order out on Thursday, you pay after businnes hours on Friday, you will likely lose the car and the money before Monday morning. Then you have repo charges to pay to get the car back. Dont Gamble.
if a lender (bank) reposseses your auto in florida and then asks for a deficiency amount, can the lender take this amount out of the buyers bank account without permission or any judgements filed with the county?
Yes, until the repo order is canceled by the owner.
No one has the right to enter your property to repo a vehicle. I your vehicle is out in the street, then its fair game. If you see the repo man coming but has not hooked up to your vehicle, you legally still have possession of the vehicle. Once the vehicle has made contact with the truck the vehicle belongs to him.
Perhaps, it depends on the repo company's policy.