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Repossession cases require expensive legal work, selling cars costs money, and lenders are likely never to receive full deficiency payments even through court orders.
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.
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.
After his hand was run over while he attempted to repossess a car, tow truck operator Ted Baldwin gave up on repossessions. “The owner of the vehicle came out while I was behind the tire hooking ...
Vehicle recovery is the recovery of any vehicle to another place, generally speaking with a commercial vehicle known as a recovery vehicle, tow truck or spectacle lift. Recovery can take the form of general recovery, normally of broken down vehicles, or a Statutory Recovery at the request of the police using police powers, conferred in the ...
The lightest models are usually based on light truck and van chassis offering boom and tow weights of around 5 to 10 short tons (4.5–9.1 metric tons), making them ideal for car towing. Medium-duty tow trucks have a boom capacity of 15 to 20 short tons (14–18 metric tons).
An Oregon Department of Transportation roadside assistance employee assisting a motorist. Roadside assistance, also known as breakdown coverage, is a service that assists motorists, motorcyclists, or bicyclists whose vehicles have suffered a mechanical failure that either cannot be resolved by the motorist, or has prevented them from reasonably or effectively transporting the vehicle to an ...
[14] [15] Even when the predatory tow is stopped, if the vehicle is already hooked up to the tow truck in any fashion, the car is essentially disabled until the operator releases it, and the operator can therefore extort money from the towed car's owner. Even where towing is performed legally, and even with the car owner's request for a tow ...