Can you charge finance company a storage fee if you had the car for three years before they came to get it never hid the car and disclosed your address to finance company?

1. How long does a finance company have to repossess a car?
2. What happens if a repo car is never picked up?
3. Can a finance company take my car?
4. How do I give my car back to the finance company?
5. Do you still owe after a repossession?
6. Can my car be repossessed without a court order?
7. Is surrendering a car the same as repossession?
8. Can a repo man enter your garage?
9. Can a repo man enter private property?
10. Can I take my car back if its on finance?
11. What happens if you send a car back on finance?
12. Can I cancel car finance within 14 days?
13. Can I return a financed car South Africa?
14. Can you return a financed car back to the dealer after a year?
15. Can you return a financed car in Canada?

How long does a finance company have to repossess a car?

California law permits cars to be repossessed after one late or missed loan payment. Cars may be repossessed after missed insurance payments as well. There is no legally required grace period, and the repossession company doesn't have to give you notice that they are repossessing your car.

What happens if a repo car is never picked up?

WHAT IF THE LENDER DOESN'T REPOSSESS YOUR CAR? This means that: You are stuck with it – if the lender doesn't come to pick up the car. You can't sell it – because the lender still has the lien, and selling it would be committing a theft.

Can a finance company take my car?

Usually the finance is provided by a company which is separate to the garage or dealership. ... If you fall behind with payments, the finance company can repossess the car, and if you've paid less than a third of the agreement they can do this without going to court.

How do I give my car back to the finance company?

To surrender your vehicle, inform your lender you can no longer make payments and intend to return it. Arrange the time and place, and keep records of when, where and with whom you dropped it off. That doesn't mean you're done paying, though.

Do you still owe after a repossession?

If your car or other property is repossessed, you might still owe the lender money on the contract. The amount you owe is called the "deficiency" or "deficiency balance."

Can my car be repossessed without a court order?

To begin with a court order, which is known as a Warrant of Execution, must be obtained by the bank/finance house. ... If there is no court order however, they cannot force you to give your car back, and that is the law!

Is surrendering a car the same as repossession?

Repossession. Surrendering your vehicle and repossession are very similar in financial terms. You are unable to make the loan payments, so the lender is taking the vehicle back. ... For this reason, lenders may consider a voluntary surrender to be slightly less negative than a repossession.

Can a repo man enter your garage?

Repo men can enter your property to seize your vehicle in most states as long as they do not breach the peace. 1 What this means is that they can enter your property to seize the vehicle, but they may not use physical force or threats, and they may not break into a locked garage or another storage facility.

Can a repo man enter private property?

The quick answer to this is yes. The California repossession laws allow repossession agents to enter private property to repossess a car or vehicle. ... A repossession agent can also walk into the backyard to repossess a car as long as there is open access to the backyard. Again, there must be open access to the backyard.

Can I take my car back if its on finance?

If you can't afford your car payments, you can give the vehicle back to your car loan lender. But just because you surrender the car doesn't mean that the creditor has forgiven the debt or that it has to. ... The creditor can still sell the vehicle and sue you for any deficiency.

What happens if you send a car back on finance?

Giving your car back to the finance company is called voluntary repossession. ... The bank will sell the car and deduct the difference in the sale price from the balance you owe. You'll then owe whatever the difference is. If the difference is high, you could find yourself saddled with a large debt you still can't pay.

Can I cancel car finance within 14 days?

Whether you have rushed into your agreement or you've found a better deal elsewhere, you should be able to cancel your car finance agreement for up to 14 days after you signed on the dotted line. This two-week period is known as a 'cooling off period'.

Can I return a financed car South Africa?

If you financed your car through a bank, handing back the keys is, in effect, a voluntary surrender. ... The dealer will take possession of the car with the aim of selling it to another dealer within three months, but there is no guarantee they will make the sale or that they will get the expected price.

Can you return a financed car back to the dealer after a year?

The hard truth is that most auto dealerships aren't going to let you return a vehicle that you're financing. ... If you try to sell it back to the dealership, they may not offer you as much as you can get through a private sale. Trade-in values are typically less than the actual cash value (ACV) of the vehicle.

Can you return a financed car in Canada?

If you have a vehicle loan or lease that you can no longer afford your car loan payments, you can return the vehicle to the loan holder before it is repossessed. Voluntary repossession must be done correctly and has financial implications if there is a deficiency.