answersLogoWhite

0

I have an employee that I assigned a car to, registered in his name. I will be terminating him prior to the car being paid off by company that has a value still owned of 7500.00. I am lien holder on the title. Can I take this car back during termination, as we he will no longer work for the company.

Answer

Get legal advice as to how to do this properly. You may need a signature from him at the time of termination. Then, get some advice on how to sensibly set this up for future employees. Just as a fellow person, I am not sure about how the registration made sense.

User Avatar

Wiki User

13y ago

Still curious? Ask our experts.

Chat with our AI personalities

BeauBeau
You're doing better than you think!
Chat with Beau
ProfessorProfessor
I will give you the most educated answer.
Chat with Professor
JudyJudy
Simplicity is my specialty.
Chat with Judy

Add your answer:

Earn +20 pts
Q: How do you repossess an auto?
Write your answer...
Submit
Still have questions?
magnify glass
imp