yes
If you are on the title as lien holder. If not, you will need to go to court and show that the person with the car has defaulted on the contract.
Well, the right way to do it would be to take the friend to court and sue him for the money. The underhanded sneaky thing would be to report the car stolen, as the title is not in his/her name.
No.
If the contract is legal and binding then repo the car. You can hire a repo company.
with a tow truck or a key.
Check your contract for anything special, but I see no reason why they cant.IF you are in DEFAULT, YES, they can repo. no you were more late then your saying I bet. Legally, a lender may contract your vehicle for repo at midnight the day youre payment is due. Most wont, but legally they can reposess your vehicle the day after your missed payment
They can only LEGALLY repo your car IF you are in DEFAULT of the contract. That could be no payments, no insurance, using the car for an illegal purpose, ect. Is there any requirements in your contract that you may have not met? If you are NOT in default of the contract, call an attorney NOW. Good Luck
As soon as you are in default of the contract.
YES, legally they can repo as long as you are in DEFAULT of your contract. However, they want the money, not the car. So do what you told them you would do, stay in contact with them, dont avoid their calls and things will work out.
IF they are in DEFAULT of a contract, you can repo the collateral for that contract,IF the contract specifies repossession as a penalty for DEFAULT. If the contract doesnt specify the penalties for default, then you should go to the replevin process. Consult a local attorney with your contract for state specific advice.
If you did not comply with the terms of the contract, they can repo the car. If you DID comply with the terms of the contract they are in violation of the law if they try to repo the car. It all depends on the terms that you originally signed. If it was a DUI wreck or anything else that willfully contributed to the wreck, you may have violated a condition of the contract. You may need to dig out the old contract and have a lawyer look at it for you.
Read your CONTRACT. You have to be in DEFAULT of the contract for the lender to repo. If you are current on payments, what else can you be in default of?? INSURANCE coverage?
In most cases immediatly upon default (non-payment) Read your finance contract, there should be a due on demand clause. Hope this helps.