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In California does a finance company have the right to repo a car from a police impound when payments are not behind?
Wiki User
∙ 13y ago
No, They would have to be behind on the car payment
The above is not always the case. It can depend on what the car was impounded for. If it was impounded for something like drugs where asset forfeiture comes into play then yes the finance company can take the car regardless of payment status. The reason for this is because there are times when the authorities will tell the finance company that if the vehicle is returned to the registered owner the finance company will lose their rights to it as well. The finance company does not have to hand their collateral back to you if it means loss of collateral, it is their car after all.
Wiki User
∙ 13y ago
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What if car is impounded but all payment are current?
You still need to get the car out of impound. You have a limited time to do this before the impound lot puts a mechanic's lien on that vehicle. Once that happens, they'll be able to take possession of and sell your car, and you'll still be liable for the payments you owe to the finance company. If the finance company gets wind of this, they might repossess the car to avoid losing it over a mechanic's lien.
Is it legal for a lien holder to repo youre car from the impound if youre current with payments?
Laws vary by state, but typically, yes. If the finance company feels the vehicle is at risk of having a lien put on it by a local or state government entity, they'll take possession of the vehicle, as the right of the government agency to recoup storage and towing costs has priority over the finance company.
How much will it cost to get your car out of the impound in California?
Depends on how long it's been impounded, which agency or private company is running the impound lot, and whether or not you'll need to have it towed out of impound (e.g., if your registration is expired, you won't be allowed to drive it out).
What if you buy a used car and it breaks and you still owe on it?
My car is in the impound, i still owe 7,000.00 the impound put a lean. Will the finance Co. take me to collection?
How can you get your car back Tucson police impounded it due to suspended license and no insurance plus you owe 4 payments to car finance company this car?
This is a real easy one. PAY EVERYBODY WHAT YOU OWE THEM. I would suggest that you pay and get it out of impound as soon as possible. The storage fees will build up every day and you will be responsible for them whether you pay them now or if the finance company has to pay them later in order to repo the car. You will be responsible for all legal fees, storage fees, and any other costs that the finance company has to pay to get the car back so I would do it as soon as you can in order to keep them as low as possible.
Is it legal for a tow company to impound your vehicle?
Yes
When can a car be reposessed even when the payments are made?
If it goes into impound, the car can be repossessed. If the car is not retrieved from impound, then the agency which put it there files their own lien, which takes precedent over any other lien already existing on the vehicle.
How much does it cost to get a car out of impound in Texas?
The cost to get a car out of impound in Texas will vary. It will depend on which county it was towed in and which company towed it. To find out where the car is, call the police department and they will tell you. Then you can call the towing company to find out what the fees will be.
How do you get your car out of impound if it was repossessed?
Pay the company for the car, like you should have during the time you had it.
How much will a no insurance and no registration ticket in California cost you also My beat up car is in the impound and it is not worth getting out Should you just give it to the impound?
They are still going to make you pay the fine.
What if your vehicle is financed and you get arrested and it gets impounded can the finance company get it from impound?
They usually wont get involved unless they are going to repossess it. You will still be responsible for th estorage fees and fines. Generally, a lienholder will inquire of the impound lot, as to if the vehicle owner has made contact and attempt to redeem. If there has been no owner contact or, as in this case, if they are made aware of the owners situation, they would probably monitor the status of their interest (the vehicle) to be sure it is redeemed prior to sale date. If the owner or lienholder does not pick up the vehicle it will be sold at auction. Proceeds first cover fees to the impound company with any balance payable to the Clerk of Court for disbursement to lienholder. (Florida)
Car has been paid off when or who do you talk to about getting it?
Your grammar is incomplete and so are your sentences so it is very difficult or impossible to answer your question. My question to you is: If you were paying on a car without having it, it must have been in police impound. Was it in impound? your answer will influence my response. If it was in an impound lot, you talk with the party receiving your payments to get it released. If you had the car in use and you want the title after making all the payments, the financial institution you were making the payments to will send you a title that is stamped over the proper section "Paid in Full". You take this title you your county title office and they will issue a new Title with you listed as the owner. This can be used for license plates. But again, it is very unusual for someone to make payments without having the car because they depreciate too fast.
