Ask Experts Questions for FREE Help !
Ask
    charmene's Avatar
    charmene Posts: 2, Reputation: 1
    New Member
     
    #1

    Aug 2, 2008, 10:29 AM
    Auto renting and repo
    My son is doing a rent to own auto and is 2 months behind. The place he's renting it from called and said they were coming to reposs the auto my question is do they have to have a court order to reposs the auto or can they just come and get it, I was told the gentelman who own this business has a very shady background and will do things that are not legal and he gets away with it so before my son turns over the auto I want to make sure its done right


    charmene

    I live in Louisiana and my son has a rent to own auto I would like to know if its true that the car dealer who is renting him the auto is the one responsible for carring the auto insurance I was told by a friend who is renting a auto also does not pay the insurance and it's a state law the dealer who my son is renting from told him he has to carry the insurance and not to tell the insurance company he is doing a rent to own to just say he's buying the car
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
    Uber Member
     
    #2

    Aug 2, 2008, 10:41 AM
    [QUOTE=charmene]my son is doing a rent to own auto and is 2 months behind. The place he's renting it from called and said they were coming to reposs the auto my question is do they have to have a court order to reposs the auto or can they just come and get it, I was told the gentelman who own this business has a very shady background and will do things that are not legal and he gets away with it so before my son turns over the auto I want to make sure its done right



    Depending on the State and the contract - which I am sure says they can just come and get it - there is no need to give notice. Your son can save himself some time and money (because they very well may sue him for any expenses out of pocked) by taking it to them and turning it in.

    Take photos inside and outside so there can be no claim of damage.

    As far as insurance - what does the contract say? If it's a lease the person leasing the vehicle has responsibility for keeping the vehicle insured, not the person who actually owns the vehicle.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Aug 2, 2008, 11:17 AM
    Post combined

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Auto on [ 1 Answers ]

My heat will not go on when I have it on Auto on. When I put it on fan on it will work but then the fan runs all day.

Auto reposession/Default on Auto Loan [ 3 Answers ]

To whom could lend some immediate advice, I purchased a 2005 brand new vehicle in 2005. This automobile has been repossessed as of 5/07. In addition, I filed bankruptcy (Chapter 13) in 2006 to avoid this very problem, however that has been dismissed for lack of payments. My current...

Auto or ON? [ 11 Answers ]

I just purchased my first home and have a question about my brand new furnace. Is it more efficient to run the heat/cool on AUTO or ON? It's a brand new Ducane gas furnace. I have it on auto now... and living in New England it is constantly flipping on/off. Not sure if that is more efficient or if...

Auto run CD [ 2 Answers ]

I want to create Auto run CD, but I want First time Auto run is default, then I want open is default How can I create this auto run file If anyone know please reply

No auto fan [ 2 Answers ]

My furnace has a problem. The fan will not come on in the auto position.the t-stat doesn't have any fan controls on it. The limit switches both have continuity through them. I let the burner run for a long time and nothing. If I turn the fan to on,so it runs all the time, no heat comes from the...


View more questions Search