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Basically... probably yes. You should check the terms of your loan contract closely, but most likely it says, prettied up in lawyer-talk, "If you are even one day late with the payment, we can take the car back, sell it, and charge you for the expense of doing so plus the difference between what we sell it for and what you still owe. Also, if we accept a late or partial payment once, it doesn't change the terms of the contract or obligate us to do so again, and we can still repossess the car if you're not current on your payments."
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∙ 12y ago
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Can a finance company refuse to accept a payment and then repossess your car?
Unfortunately, yes they can repossess your car. They have the right to take it at any point that you do not make a full payment on or before the indicated pay day. The only exception is if you have a written agreement that states you have a grace period. Otherwise there is nothing you can do about it except pay in full on time every time.
Can a used car dealer repossess a car that is not in delinquent of payment but had late payment history?
Yes
Would a finance company repossess your car if you only have three payments left but are more than 30 days late?
Yes, they will repossess if you have only one payment left.
If I pay bi weekly and have missed one payment. Can they repo my car?
You will have to speak with your finance company to determine when they will repossess your car. Each company has different rules and requirements and in most cases if you contact them about the missed payment they may be able to make payment arrangements with you.
If you are late on your car payment can they repossess it even if neither you nor the loan company has a title?
Yes it's their car you signed a lease they don't need a title to repossess their car. Title or no title they look up that information and have it mark on that title that the car was repossessed
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
Can a car dealership repossess your car if they say you owe them more money for a down payment?
A dealership can only repossess your car if you do not pay in accordance with the sale agreement. If you did not pay the agreed down payment, the car may be repossessed.
Can a bank repossess my car if I am making some sort of payment?
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
If your car is going to be repossessed but you make a payment to get caught up can they still repossess the car?
Until the LENDER cancels the repo order with the repo company, you are fair game.
How long does it take a loan company to repossess your car after it charges off?
2-5 months
Can a lender repossess a car if you do not pay down payment?
Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.
I failed to pay the pick up payment can the dealer repo my car even if its financed through a bank?
Your car can definitely be repossessed because of nonpayment. The bank can actually send a company to repossess your car.
