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Diminished value, also called "loss of value," is the difference between the value of your vehicle after a car accident, and the market value of your car had it not been in an accident. Diminished...
Car-buying laws ensure ownership changes hands. These laws make buyers responsible for taking full ownership from the seller. A buyer has to know the seller is giving him legal title, not just a...
If you buy a car there are certain things you must know about the laws regarding car sales. You should know whether your car contract needs to be in writing in order to be enforced and whether the...
Repossession laws apply to any transaction where borrowed money is secured by a piece of property, such as a car, tractor, oven or manufacturing belt. If the borrower ever defaults on the secured...
A clean car title identifies a vehicle as never having been subjected to frame damage, fire damage or flood damage. A car with a clean title is worth more than a car with a salvaged or bonded...
State laws vary on when and how an auto lender can repossess your car. Additionally, financing agreements vary on the details that are not covered by state law. Most state laws and financing...
You can save hundreds of dollars by understanding even a little on how the car warranty game is played. Important car warranties include a dealer repair warranty for used cars, manufacturer...
If you are considering purchasing a new or used car that comes with a warranty, do not assume that you never have to worry if the car breaks down. Warranties are only as good as the company that...
If you are worried about a car loan default and possible repossession, you should think about your state's laws governing car loans and repossessions, and the written contract you signed when you ...
A written contract is essential in providing legal protection when buying or selling a vehicle. A contact sets forth the expectation and duties of the parties involved and provides the methods of...
The Uniform Commercial Code (UCC) is a model law that was drafted by a group of legal and financial experts. Most states have adopted some form of the UCC. Article 9 of the UCC governs secured...
If you purchased your car using borrowed money, there is a good chance that if you don't pay that money back on time, your car might be repossessed. Repossession is the legal term for a creditor's...
The repossession requirements and rights will often change from state to state. Often, those who are facing such a circumstance need to know what their legal rights are. While this guide cannot...
Homeowner's insurance is a policy designed to cover the structure of a home, as well as the furnishings and personal property within the home. It also covers liability for any injuries that take...
Abandoned property can range from payroll checks to individual retirement accounts and from inventory to real estate. The type of property the person abandoned determines how long an item must...
If you finance a car, it is by law the property of the financial institution until you have made all payments on the vehicle. If you default on payment, the institution has the right to repossess...