Anonymous

If I Hide My Car From Being Repossessed What Will Or Could Happen To Me For Doing This?

10 Answers

phillip raburn Profile
phillip raburn answered
I don't know where these people get their info. If the bank cannot find your vehicle they will charge it off and take the tax write off which means  they may sell the loan to another agency for pennies on the dollar who will hope they can get lucky. After a period of time if you have not been contacted you can always apply for a lost title. It will either come back to you free and clear or it will identify who the lien holder is and what the balance is. You can then negotiate a settlement. The only person who can report your vehicle stolen is the registered owner, no one else. Everything you need to know is at stopautorepo.com titled what the repoman doesn't want you to know
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Anonymous
Anonymous commented
web site no longer exists.
Anonymous
Anonymous commented
If you take out any loan on a vehicle they Do Not Disappear and finance companies Do NOT just write them off. Nor do they sell them to other companies> When answering a question you do not really know the answer to then Do Not answe it and give somebody false hope on keeping their vehicle. the only way to keep your car and get a legal tittle is to just pay the loan.
phillip raburn Profile
phillip raburn answered
What you can do is send your payments in but avoid sending any info that would reveal the state you are in or where you are now employed. Since it has been a year the bank may have charged the loan off. They may have also sold the loan to another company that could still be looking for the car. Your car IS NOT stolen and you will never be charged with theft. It is a civil matter and under some circumstances you could be sued for the balance, but they must locate you first. You could call the bank and find out what you can do to obtain the title. Don't call from a phone that can be connected to you in any way. Also if you call from a land line they would then have the area code for your location. Everything you need to know about repossessions can be found at stopautorepo.com
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Anonymous
Anonymous commented
While it is a civil matter, you have morally stolen the vehicle, you have and you did not pay for it. That having been said, the way for you to get around this is to contact the lein holder and offer to pay the full amount of your loan but nothing more. If he declines then tell him to go pound sand and come get the vehicle which you are probable upside down on anyway. Your credit is shot and a voluntary repo is not going to necessarily hurt you.
phillip raburn
phillip raburn commented
I agree that it is a personal decision as to whether you return the vehicle or not. Its true that living on a cash basis as not as bad as a person may think, But, sometimes a person can find themselves in a position of financial ruin if they were to suddenly lose the only transportation they have for thier family as well as the only way to find work or go to work. The moral decision may come down to what a person must do to feed their children despite the feelings of shame or guilt they may feel
phillip raburn
phillip raburn commented
I would suggest that you do the best you can to come to an arrangement with the lending institution that is fair to both parties. If you are unable to reach an agreement if you are forced to make choice you do what you must for your family and try again in 2 or 3 weeks. If you decide to return the vehicle first make firm arrangements to secure a replacement. There is no shame in putting your family 1st but you should act with honor as your actions are also a big part of taking care of your famly
Anonymous Profile
Anonymous answered
I haven't made my car payment in nearly 3 years now.  I know they are looking for it, but for how long?  Will they eventually stop?  Not sure I even care at this point.  You can preach about taking the moral high ground all you want but the repoman will tuck his morals away while he hooks your car to his tow truck as will the creditor.  FYI:  Keep an address in one state which will allow you to obtain a driver's license in that same state.  Register your car at that address, then go home to the neighboring state and drive with your out of state plates all you like.  Anytime the plates or registration info is searched it will show your alternate address.  This will work fine for a while but I'm pretty sure they will garnish my wages soon but it's been 3 years and I've had the same job and filed taxes for my real address and nothings happened yet.  We'll see!  Happy hiding!
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Anonymous
Anonymous commented
You da man! Did they charge it off? If so, what happened?
Anonymous
Anonymous commented
Your car is owned by the loan company. and you have done good hiding from them at this point. They haven't hired the right repo company or your paper work has been lost. but a lot of loan companies are getting audited and are having to show cause on why you haven't payed your loan or why that car hasn't been picked up and sold.The honest and best thing to do is either contact the loan company see if they would rather consider a lower pay off or just turn it in. People who hide their cars only makes it harder for other to get a loan at a reasonable interest rate.
Anonymous Profile
Anonymous answered
The first thing you should be doing is checking up on when the car repossession laws are in your state.

This is a short guide that can help you work out what the repercussions are likely to be:


If you do manage to avoid the repo men, my advice would also be to make it as difficult as possible to track you down. If they do find you, they will still seek compensation for the vehicle, whether you own it or not - and can take you to court over that matter.

Anonymous Profile
Anonymous answered
Additionally, you need to be on a cash basis anyway because you cannot trust yourself with credit nor can a creditor. Being on a cash basis is not at all as bad as what people think it is. People on cash generally do not live hand to mouth but pay as you go. If you ask a guy who is in debt if he would like to be out of debt he/she will probably answer a resounding YES. Since you are in this position then you are way ahead of most Americans. See there is a silver lining behind every cloud......Make CENTS?
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phillip raburn
phillip raburn commented
The morality of your actions is for you to decide, jallison is right in saying call them and offer to pay off vehicle. Don't be rude and try to work out a settlement that is much lower than your payoff. Since they are stuck with zero right now if you reason with them they may take what they can get. Reguardless of what you decide at the end of the conversation you tell them you will contact them again soon. If you are unhappy with their offer wait a couple of weeks and try again.
Anonymous
Anonymous commented
XREPOMAN is correct, do not tell them to pound sand. Keep your presence of mind, Make them put it in writing before you send them money. Do not let them draft from your account. Use a Teller Check or Money Order. Although Xrepo is correct, Your morality is a function of your inner guidance mechanisms, just remember the wrath that you receive from people trying to collect from you is equal to the grief that you have caused by not paying your bills. All contracts are Promise for a Promise.
Nitin patidar Profile
Nitin patidar answered

There are a lot of questions which creep up in mind
while you sell your car. Selling of a car is not a simple job. There
are tons of individual buyers and dealers out there, but your deal might get
stuck if you overprice your car. At the same time when you are in a hurry you
might end up underselling your vehicle, where you lose money. So, getting the
price right is the first and the foremost priority. A car having the right
price according to its features and condition finds no dearth of buyers,
whether it is an individual buyer or a used-car dealer. For getting the pricing
right there are a lot of experts. Indianbluebook.com is one among them. They
assess the car based on a number of features to get the price right.


Anonymous Profile
Anonymous answered
I have a question too.  I was living in Houston and took out one of those Auto Title Loans in a shopping strip.  I have been paying on it for a year now and can only afford the interest.  It is $300 a month.  I owe $2000.  My car is only worth about $3000-$3500 due to high mileage.  It is a 2006 Kia Rio.  I intended on paying it, otherwise, I wouldn't have paid this much so far.  However, I was laid off at the beginning of May, just after a 3 week vacation...no warning, and, no savings.  I had paid tons of bills before I left for vacation, and, now, I am broke. I am looking for a job, everyday, but, if my interest goes up and they tack on another $300, I will never pay this off.  I had to move away 300 miles and stay with family.  I don't want them to get in the middle of this and they have already helped me out too much.  I hope I will get a job soon, but, what do I do if the price keeps going up and they tack on lawyer's fees and recovery fees, etc?  I don't want to break the law, but, I don't know what to do. I need the car to work and soon, I will not ever be able to pay it off.  I am already behind on 3 other loans.
Jacquelyn Mathis Profile
They keep looking for it, and when they find it, odds are that there will be charges pressed for willfully withholding it in an attempt to receive them. Hope this helps, good luck to you.
Anonymous Profile
Anonymous answered
Most likely they will haul you in to court and if you can't produce it you will have the option of paying it in full plus court costs ,late fees or go to jail for ether contempt of court or dissposeing of mortgaged property! Or both!
Ronnie Maye Profile
Ronnie Maye answered
If you are almost one year behind in payments I am surprised they have not been looking for you. This is already on your credit report. They may get legal action against you for auto theft as that is what you have done. I think I would contact the lien holder and talk to them ASAP. If action is taken like this you can face jail time, and as of now, even though you may not think so, you never paid for one year and legally you are driving a stolen vehicle.
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Anonymous
Anonymous commented
Everything in last comment is wrong! That person hasnt a clue! They cannot report the car stolen because it is a civil matter not a criminal one. You can hide the car for as long as you want. The most the repo man can do is get the sheriff to come to your house and even then the sheriff cannot make you give up the car, they can only make sure no violence occurs. The very worse that can happen is they get a court order for you to give up the car but that VERY RARELY happens

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