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Can the finance company report a car stolen if they are unable to locate it to repossess it?
Wiki User
∙ 8y ago
As much as they would like to, NO. It wasnt in their possession to be stolen from. YOU can report it stolen. The Lender has OTHER legal options to get the car, so dont think you will slide forever. LOL
NO. Only the registered owner can report the car stolen, or whomever had the vehicle in their posession. If the lender tells you this, they are only bluffing you, using scare tactics. They will say anything to you in the hopes that you do not know the law, or your rights. Most people don't. You can always call an attorney or the police to pose a question about what is legal.
YES..In the state of Arizona pursuant to ARS 13-18-13 after 90 days of non payment a lien holder can report a car stolen and is a class 6 felony.
Wiki User
∙ 8y ago
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Internal report is a finance report that produced for internal member within the company such as director, shareholders, manager, etc.
Can a finance company report a car stolen if no payment has ever been made?
No
Can a finance company report your car as stolen?
Yes, they can. They can't finance you car if your car is a stolen car. When you put your car from a finance company, make sure that your car isn't stolen and bought it in a big car company.
How can you locate your vehicle report?
Locate as much information on your vehicle and then you can contact the dealership, department of motor vehicles, contact the car company, or look through the manual.
Who does repo agent report to once car is repo'd?
I would hazard a guess that he contacts the finance company first.
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How do you find out if a company had a profitable year?
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How do you report a person hiding their car from repo man?
Are you really that desperate to be a snitch? I mean, it's a matter between the lessee and the agencies seeking to repossess the vehicle (those being the finance company and the recovery agents). It's none of your business, and the best thing for you to do is to just stay out of it. If they're halfway competent repossession agents, they'll get to the car. If all else fails, the finance company - being the actual owner of the vehicle - has legal options at their disposal. Your intervention is neither wanted nor required, and I'm saying this as someone who has been in the repossession business.
Can the finance company report a repossession to the credit bureaus if the fees were paid and the car returned after five days?
""Car was reposssess."" You answered your own question.
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Can an Indiana finance company report a vehicle as stolen for non payment of the loan?
First, they'll try to repossess the vehicle. If you tell the repossessors that you don't know where the vehicle is, that could give them grounds to report it stolen, although it's a little more complicated than that, and they'd likely just file a missing property report, The finance company has no interest in jailing you - they want their money, and you obviously aren't going to make any amount of money in jail that'll allow you to pay them back. They might take you to civil court.If anyone's going to try reporting a vehicle as stolen, some repossession agents have been known to do it after they've been told, "well, I don't know where the car is", as a pressure tactic. IMO, a pretty underhanded move, but I won't say I would've been above doing it when I did repossessions (although I never actually did this).
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