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  2. Title retention clause - Wikipedia

    en.wikipedia.org/wiki/Title_retention_clause

    A retention of title clause (also called a reservation of title clause or a Romalpa clause in some jurisdictions) is a provision in a contract for the sale of goods that the title to the goods remains vested in the seller until the buyer fulfils certain obligations (usually payment of the purchase price).

  3. Repossession - Wikipedia

    en.wikipedia.org/wiki/Repossession

    Various objects can be repossessed, including boats and aircraft, but most repossession agencies focus on car repossession. The repo agent normally uses a tow truck or pickup truck with a special towing attachment called a boom. They also may obtain the key from the car owner. Usually, the vehicle owner must be notified of a repossession.

  4. Right of possession - Wikipedia

    en.wikipedia.org/wiki/Right_of_possession

    The company renting the vehicle to them could repossess the vehicle, for example, if they hold the vehicle past the contract period. Also, if the rental company missed payments to the lienholder, the lienholder could also repossess the vehicle from the person having possession. I purchase a pen at a store.

  5. What To Do If Your Car Is Repossessed - AOL

    www.aol.com/finance/car-repossessed-120051609.html

    It’s one of the worst feelings in the world, but if repossession happens to you, you have to act fast — or even better, prevent it in the first place. What To Do If Your Car Is Repossessed ...

  6. Collateral protection insurance - Wikipedia

    en.wikipedia.org/wiki/Collateral_protection...

    Collateral Protection Insurance, or CPI, insures property held as collateral for loans made by lending institutions. CPI, also known as force-placed insurance and lender placed insurance, [1] may be classified as single-interest insurance if it protects the interest of the lender, a single party, or as dual-interest insurance coverage if it protects the interest of both the lender and the ...

  7. Vehicle impoundment - Wikipedia

    en.wikipedia.org/wiki/Vehicle_impoundment

    Vehicle immobilization is a key part of the act of impounding.. Vehicle impoundment is the legal process of placing a vehicle into an impoundment lot or tow yard, [1] which is a holding place for cars until they are placed back in the control of the owner, recycled for their metal, stripped of their parts at a wrecking yard or auctioned off for the benefit of the impounding agency.

  8. Using a 401(k) loan to buy a car: Is it ever a good idea? - AOL

    www.aol.com/finance/using-401-k-loan-buy...

    Sometimes, a 401(k) loan is the most cost-effective way to purchase a car. And borrowing from a retirement fund may make the most sense for your unique financial situation. Ask yourself these ...

  9. 'A major roadblock': Car repossessions are up 23% in 2024 ...

    www.aol.com/finance/major-roadblock-car...

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