The short answer is yes, however the only requiremt in the NJ laws is that it be peaceful in nature.
As per the UCC, repossession is allowed and permitted as long as it is peaceful.
Repossession Laws in New Jersey: Where do I refer to for Title or License Registration? For state Title and License Information, refer to: Motor Vehicle Commission
Special Titles
P.O. Box 017
225 East State Street
Trenton, NJ 08666-0017 Telephone: (609) 292-6500 Request for Title Search - Fee $10.50 - Form #ISM/DO-22A
Request for Lien Search - Fee $5.00 - Form ISM/DO-22
Security Interests: Shown on title held by lien holder. Recording Requirements: Per the Uniform Commercial Code (UCC) adopted in July, 1963: With County Clerk of county where property is located, within 5 days. Refer to Department of Banking for confirmation and filing of chattel mortgages.
Recovery Requirements: As per the UCC, repossession is allowed and permitted as long as it is peaceful. Suit for purchase price prohibits recovery and vice-versa.
Redemption Requirements: Prior to Sale. Resale mandatory where 50% of purchase price has been paid. Resale optional with buyer where less than 50% has been paid.
Deficiency Requirements: If contract so provides.
Special Motor Vehicle Provisions: Statement of encumbrance (form CO85B) must be filed with the director of Motor Vehicles with title papers and encumbrances resulting therefrom shown on certificates of ownership for chattel mortgages.
Documents Required to Transfer Ownership of Motor Vehicle: Manufacturers statement of origin for new cars. Ownership of used car is passed through assignment by the seller to the buyer on the certificate of ownership. Documents Required for Liquidation: Application (CO-56), Writ of Execution stamped "True Copy" signed by the Clerk of Court, copy of posted notice of sale and original title. Plates: Remain with the owner / debtor, "as long as you have not changed the ownership. The same name must be used for both registrations and the registration code needs to remain the same. If you sell a vehicle and do not transfer its plates to another vehicle, you have to turn in the old plates to MVC."
newdiv
call the finance company and tell them that you want to do a voluntary repossession and they will take it from there.
one word: YES
Yes
all you need is to find a company that is willing to take a chance with you
In Tennessee, a truck or car finance company can hire a repossession company to take your vehicle if you do not make payments and are in default. They are not able to break into a locked garage to take your vehicle and they cannot forcibly remove a person from behind the wheel of the car.
not normally the contract is with yourself, not them
If it drives, take it to the finance company and hand them the keys.
no
There are some companies that will repossess kitchen cabinets if they are not paid for. If the cabinets are not paid for then the company can either repossess or take the owner to court.
They can take it anywhere; if you haven't paid you bills on it. After 90 days of late bills they order a repossession. Once they find it, it's legally theirs.
They can only take whatever it is they have an order of repossession for - if the trailer is not included in their order of repossession, they cannot take it.