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Once you are late by a single day you are in violation of your loan agreement which means you can be repoed.Until you bring your loan completely current....late fees and all you are in danger of being repoed.Read your loan agreement.

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โˆ™ 2006-06-13 03:41:00
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Q: Can a car be repossessed for late fees only?
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Can a car be repossessed for late fees we have never been late on the payment but got late fees?

If your payments are current, they're not coming to repossess your car. Trust me, the finance company would much rather have your money than your collateral (i.e., the car).


Your car was repossessed but i got it backi still owe late fees though can they repossess the car a second time?

YES, sorry btdt


Car repo in ny?

A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.


You are late 10 days on your loan against your car and the financial institute is harassing you that they are going to repossessed the car can they do that being only 10 days late?

Yes, they can!


If your car has been repossessed what kind of payment will they take to get it back Will they accept check credit or only cash Do you have to pay in full or will they take half 800 behind?

If a car is repossessed it is usually up to the creditor, what terms and conditions have to be met to get the car back. Included with all the payments missed, there might also be fees like towing, late fees, etc. The creditor is probably going to want all of this paid up front to get the car back.


Do car dealers charge late fees?

Yes, if you pay your car payment at a car dealers office they will charge a late fee. Anytime a payment is late, the dealer has a tight to charge late fees.


If you only had one late payment which was 8 payments prior to your last month when the car was repossessed what rights do you have?

Read your contract. Basically, you have the right to pay the default amount, the repo fees, storage,ect and get your car back. UNLESS there are other defaults you forgot to mention.


What is the likelyness of a creditor repoing a car f only late fees?

Highly likely.


Can a car be repossessed when all payments have been made?

Yes, if there is a breach of the lending contract, such as non payment of late fees or penalties, lapsed insurance coverage and so forth.


Can you be sued for a car that has been repoed?

If your car was repossessed, they will sue you for the difference in what the car sells for and the balance on the loan, plus repossession fees.


What the procedure for getting your car back after being repossessed?

Contact the lender who repossessed the car. You will have to make up all back payments and pay all fees associated with the actual repossession.


How many days late on car payment before it can be repo?

The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.


Can your car still be repossessed if the payment is 30 days late?

Absolutely.


Can your car be repossessed before being 90 days late?

Yes


What has to happen before a creditor can have your care repossessed?

A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


Can a car be repossessed because someone is borrowing it?

I wanted to add to my original question...Our car was repossessed by the finance company because they said they found out someone else was using the car because of car payments being sent from a different address. AND, they stated that they wanted to see the condition of the car. I thought a car would only be repossessed if you were late on payments? I have never heard of this, so I don't know what is going on.


Can a car dealer in Iowa still make you pay part of loan after a car has been repossessed?

Yes. When a vehicle is repossessed, it gets sold again. The amount received from the sale is deducted from the balance owed (which will now be augmented by repossession fees, storage fees, service fees, etc), and you will still be liable for that amount of money.


Can you make payments after your car is repo?

Little late for that don't you think. If the car has already been repossessed then you now owe the repossession fees. Go to the lender sit down and work something out which is what you should have done in the first place.


How late does your payment have to be before your car can be repossessed in Florida?

Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.


How do you regain possession of car that has been repossessed?

Pay the current balance, plus repossession and storage fees.


If your car is about to be repossessed is it too late to make your account current with the creditors?

No, it is probably not too late. It certainly will help your credit either way. Call them immediately. Do not allow it to be repossessed if at all possible.


Can your car be sold if it was repossessed?

Yes. Usually the loan holder will be held responsible for any deficit and perhaps fees that are incurred when the car is sold.


Do you need to file release of liability with DMV if your car is repossessed?

Yeah, within 5 days or fees will pile up and you will be responsible for registration the yearly fees


How can you get your car back if you paid the car loan off but haven't paid the interest that occured over the years off and they still came and repossessed your car?

The car was repossessed one week before being off, now the creitor wants to charge me repossesses fees.


If you paid the fees and got your car back from repo but what if you miss another payment with the bank?

It gets repossessed again.

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