You pay the LENDER what you are behind and the repo fee and go get it.
It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.
Read your contract. Likely the answer is YES. As long as you are in DEFAULT, they can repo.
How many days csn you be late befor repo
no they can't
Read the contract you signed. They very well may be able to repossess the car if you are 30 days late. Depends on the contract and your state laws. Legally you have defaulted on the agreement if you are 1 day late.
We live in the state of Ga, and had been late many times up to but no more than 15 days late on our vehicle. Repo man showed up this last time as we were only 12 days late? Our lain papers say as long as we werent 15 days or more late??? whats the deal?
The lender CAN repo when you are 1 (one) day late.
Usually there is a grace period for late payments; however it is not a requirement.
Yes, they can repo it for being 7 minutes late. Most generally will not unless its a first payment defaut or they have reason to believe you are going to screw them.
if you are late 15 days on your payment they can take your car away.
payment late?? then its NOT on time and in DEFAULT. WHAT is not stated in the contract??? No lender is going to repo a car when only one payment is 3 days late. If you have made all the payments on time and you are only 3 days late, and they repossed your car, you need to contact the lender and see what is going on. Something is not right here.
A car dealer can hold a repo as long as he is the lien holder on the title.
YES, anytime you are in DEFAULT, the lender can repo. Tote-a -note lots are famous for 3 days late repos.
In many states it only has to be 30 days late. 7 mos. is more than time req'd in any.
Yes, if the Lien Holder of the vehicle gives them permission to repo.
After sending you a "20 day right to cure" notice they can.
You are very close to repo time call the lender and explain the situation as to why you are late they usually will work with you.You usually don't get notification of a repo but it depends on your state.
It looks borderline MEAN, but if you were late, you were in DEFAULT and the lender has the right to repo when you're in default. Some lenders (BHPH lots) are MORE aggressive in their repo policies that others.
Yes, they can repo your vehicle if it is even one day late. Check your contract, though. It might tell you how long exactly you have. If it gives you a time period of, say, two months and they repo it after one month, then you may be able to get your car back because they breached the contract. However, if there is no guaranteed grace period, that probably means they can repo it anytime you default on your loan.
One day late puts you in default and when in default, you are subject to repo. MOST lenders wait 30-60 days. They want the MONEY, not the car.
No, if the car does not have a lien, then the dealer has no legal interest in it.I'm not sure why a dealer would even try to repo something they had no legal interest in.
A dealer can not repo the vehicle. The dealer can howecer sue you to get the down payment money if he can prove you owe it.