YES, as long as the car is collateral for a loan, they can repo it.
Yes they can repossess everything that you got a loan for.
A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
It usually will take up to 2-3 months, they will call you with several options to see if there is anyway to figure a way for you to stay in the car.
Check your copy of the contract that you signed for the loan. If this action for failure to pay is in the contract then they can do it.
no
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.
yup
When the owner defaults on the loan payments
it is up to the bank to decide. Legally, as little as 1 cent.
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.