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If you purchased and financed that car through the dealer, and you miss a payment ... YUP ... they can impound (repossess) the car until one brings the loan payments current. You see, when one misses a payment, the perception of the loan company is that the person no longer wants the car - or just wants something for free ... not going to happen in this day and age. The dealer, after a reasonable amount of time waiting for you to pay up, could sell the car again ... and you would then forfeit all monies you paid towards purchase.
Bottom line: pay those car loans on time, every time ... if you have to go out and get a 2nd , 3rd or 4th job - do whatever it takes to keep up with the payments.
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∙ 15y ago
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How soon will the impound sell your car in KY?
Impound will sell your car after the impound fees are higher than the value of the vehicle.
Sold car and received impound notice?
You are no longer liable provided you notified dmv. Sounds like the new owner lost it.
How much does it cost to get a car out of impound?
it depends on the car
Can you take your stuff out of the car while its in impound?
NO! you cant its impound for a reason good luck
Can the impound sell a leased car?
Yes, they can and often they do to cover the unpaid balance of impound fees.
How can you get your car out of police impound in the united kingdom?
Contact the impound lot or police dept to find out what to do.
What happens if you don't pay the car impound?
Depending on what your state laws are, the impound lot will auction your car to try to pay the storage bill.
Impound car need to find?
A way out.
Is it legal to take your car back from impound without pay?
If the impound releases it to you then it is okay, otherwise it is theft.
Can the police impound your car if you are present?
Yes, if the offence has been committed, and it calls for a tow and impound, even if you are in the car and it is illegally parked, say good by
Can WV impound an out of state car for no insurance?
When you have no insurance on your vehicle, you void your registration - insurance is required by law. Yes, they can impound a car from out-of-state in that instance.
Do you need proof of insurance to get a car out of impound?
Assuming we are talking about a police impound lot, it will depend on the laws of your state. When a police officer stops a car in your state, whatever paperwork he will ask for during the stop is the same that you will need to show to the impound attendant to get your car back.
