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Q: How long does the finance company have to hold the vehicle before they can auction it off?
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How can I sell a vehicle before I have paid off the finance company?

buy selling it for more than you owe on it .or pay the finance company the difference if sold for lees than the balance owed.


What type of notice needs to be given before repossession of a vehicle?

Actually a company can reposses your vehicle without notice. When the terms of a finance contract is broken the company has all rightd at that time. They are under no obligation to notify you.


In Texas do they have to inform you before they repo your vehicle?

It is probably stated in your finance or lease agreement that if you don't make your payments on time that the finance company has the right to repossess the vehicle. Consider yourself informed. Long story short, if you don't want your vehicle repossessed you need to make your payments.


If a finance company is taking you to court for a vehicle can they still try to pick it up before the court date?

They can take it and then try to collect the balance due on the contract.


Is it still possible to get your vehicle back after the repo has occurred?

In Canada the answer is yes if it is repossessed by a bank (or credit institution). Any car that is re-possessed by a bank or credit company has to be put up for auction. You can always get your vehicle back if you pay whatever arrears you owe the bank as well as the the fees that the bank had to pay to the repo company before it is sent to the auction house. However, you do need to act quickly. I have never heard of anyone getting their vehicle back once it is up for auction (and in Canada the auction companies used by banks are only open to car dealers).


Can you purchase a home scheduled for auction before the auction?

You are not able to purchase a home prior to auction unless the auctioneer and/or auction company has provisions with the seller to permit such a sale.


Can a repossession company remove your City of Chicago City Sticker before your redemption period expires?

We, at our company do not remove these. Anything attached to the vehicle there is no reason to un attach because you cannot guarantee you will not damage it or the vehicle. If they removed it they are responsible for it, and they should have it stored with the rest of your personal property. If the vehicle was moved to an auction they may be responsible for its removal, as they prep all vehicles for auction which includes removing any trace of a previous owner.


Do you need to renew the registration if you are planning to voluntarily surrender the vehicle?

I would surrender the car before the registration is due. Once you surrender the car, the car will go to auction and sold for the highest bid. You will then need to either pay the deficit to the finance company or file for bankruptcy protection to elimiate the debt. NOT if you turn it in B4 its due.


Can a finance company call your job before allowing the loan to process?

Yes, a finance company can call to verify employment if they deem necessary.


Is it safe to buy a vehicle at an auction for cars?

It is safe to buy a vehicle at an auction for cars so long as you know what you're buying. Please look at the car in and out before deciding to place a bid on it.


Does the finance company have to give you written notice before they repo a vehicle in CA?

NO. the repo rate would go to the bottom if they told you. BTW, they already did in the CONTRACT. Look at the DEFAULT clause.


When did the New Zealand-based company South Canterbury Finance collapse?

At the time South Canterbury Finance was the largest local finance company in New Zealand. The company started it's collapse in the summer of 2010 before collapsing August of 2010.