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Read the fine print of your contract carefully. I have never heard of a vehicle leasing/purchasing contract NOT having a first payment default clause.

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โˆ™ 2011-06-16 23:55:44
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Q: Can a vehicle get repossessed if your first payment is 15 days late?
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What is the time frame to repossess a car in Texas?

Under Texas law, a vehicle may be repossessed even if payment was only late for 10 days. This means that is payment was due on the first day of the month, and payment has not been settled on the tenth, then, vehicle will be repossessed on the eleventh.


Can a vehicle be repossessed if the payment is 21 days late in New York State?

READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.


Can your car be repossessed after being late a few days?

It can be. but generally wont be unless its your first payment.


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

Absolutely.


Can a vehicle be repossessed because the payment is 15 days late after 4 years of payments and only 3000 dollars owed?

If you are in DEFAULT of the contract, the collateral can be repoed.


When can the lender resell a repossessed vehicle?

a lender can do as he/she pleases with the vehicle after 31 days...in the state of Alabama


How many days does a vehicle have to be past due before it can be repossessed?

three months


Can your car get repossessed if you are not 30 days late with payment?

Yes. Most lenders give customers 10 to 15 days grace to make a payment or for a payment made to post. However, by the language of most car notes, anything past a certain period of time (usually two weeks) is considered delinquent, and the balance of the loan is owed. The lender at this point is not required to accept anything less than payment of the remaining balance. And, the vehicle can be repossessed at any time to secure payment of the remaining balance.


How many days after your car payment is due can your car be repossessed?

Legally, ONE.Actual practice?? 3-60


Motorcycle sale private parties repossessed early two days after last payment what are your options?

Court?


When can a vehicle legally be repossessed?

In Florida, they have to send you a demand letter, once that demand letter expired(30 days) and you didn't contact the the bank to make payment arrangements, they assigned your loan/car for 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.

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