I know someone who has been hiding a car for 2 years. Is that illegal? She doesn’t drive it. She says she is just thinking she will someday be able to pay it and keep it. I think she’s living in a fantasy land. But I’m worried she could get in trouble with the law.
Answers with documentation links would be appreciated.
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{ 11 comments… read them below or add one }
you need to get a life and not worry about other peoples life
I’m pretty sure that’s illegal. If it’s being respossed b/c she wasn’t making payments on it, it’s not her car to keep.
why would she want to do that. not only is it keeping her credit messed up longer but she will sooner or later have a mental break down with all the stress she must be having worrying about if they will find the car. also the longer it takes to find and then sell the car the more she will owe the bank as the car is worth less with age and shes still tacking on the interest.
if she been hiding it for 2 years , she good!!! i wouldn’t worry myself with it.
Well, two years is a long time to be hiding a car. Your friend has ruined her credit history and depending on how much was owed on the car, it could be listed as stolen. Depending on which state she had the car registered, she may not be able to do anything with the car. She made a very bad decision. I would suggest that she contacts the lien company and work out some sort of payment plan. Good Lord, the penalties she is racking up could be HUGE.
I would suggest that you let her live her life and not worry about it. she is making her own decision and you have no responsibility.
Not only is it illegal it a pretty stupid plan. Even if she come up with the cash with all the fees and penalties your friend would end up paying much more than the car is worth.
If worse to comes to worse the finance company can put a lien on her home, or garnish her paychecks, this can happen even if she’s on welfare.
Yes can she spell. Lets try something easy like ( Jail ) it’s easy to spell and go to if you something wrong. Running away won’t help face her mistakes they will work with her they did my daughter they dropped what she owed from 2,600 to below 1200 so call and make ask for help it’s better than them coming to get and ruin her credit for ever. Then even if they take the car she will still have to pay off what she owes.
It’s illegal to hide property not belonging to you. There may come a time where the lender begins garnishing her wages to pay for the loan, in the end, your friend will eventually have to pay for her errors. Remember the effect Karma has on your life, your friend is going down the wrong road and Karma will find her.
Yes and no, the financier can summons her to hand the car over for sale.
Normal procedure is to sell the car to make a lump sum payment off the loan, you are then required to pay of the residue.
I’m surprised they have allowed this to go on for 2 years, but some bean counter will notice the mistake and come after her.
Why would anyone want to keep a car and not use it??????
It’s just de-valuing sitting around.
First, I think your question is if your friend would face any criminal penalty for hiding a vehicle.
Technically, she is committing fraud by hiding the car. However, there isn’t a prosecutor in the world that would try her. It’s very difficult to prove her intent beyond a reasonable doubt.
Furthermore, in order for a local prosecutor to find out, the bank would have to bring civil proceedings against her. Even then, the bank is probably not interested in prosecution because that would interfere with your friend paying back the money they are owed.
So, the best answer to your question is technically yes, but in reality no.
Have her read what the FTC has to say about repossessions (see the link below) and then encourage her to call her bank and try to work something out.