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Technically yes - the vehicle can be repossessed if you are 'in default' of your obligations under the contract. So while the usual way to default on the contract is by missing payments, it is possible for you to be in default by another way, outlined in the contract you agreed to.
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∙ 10y ago
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How many payments do you have to be behind to get your car repoed in GA?
no more than 2 payments
How do you find out if your car has been towed?
So call The Police immediately. And also call your dealership cause you might of gotten it repoed. Behind on your payments?
You missed one and a half payments but you sent half of one full payment can your car still get repoed?
Yes, you are still behind in your payments. Don't let this happen. Contact the lender and work something out.
If a car is repoed can they repo your new car?
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
If you are on the title with the primary buyer can you get the car and not make payments?
Either party ON THE TITLE is entitled to possession, but someone will HAVE to make payments or it will be repoed.
How can you avoid getting your car repoed if you cant make your payments?
keep it into a garage or on a friends property, not a relatives
Can your car be repoed if you have full coverage and you licance is revoked?
You car can usually only be repossessed if you fail to make the payments to your finance company.
What are the consequences if a person quits making payments and the car is in your name?
If your name is the borrower name and someone else is making payments and they suddenly stop; then the car will eventually get repoed and it will show on your credit report.
If you saw your repoed car at a local garage could you take it and make the back payments?
NOT legally. That's Larceny of the GRANDEST degree.
Could you lose your home if you are behind on payments and your car rolls down hill into it?
Of course YOU WILL LOOSE YOUR HOUSE IF YOUR BEHIND ON PAYMENTS.
What can happen if you finance a 20000 dollar car and don't make payments for a year?
the possible thing that could happen is your car gets repoed and your credit goes down the toilet for that mistake
What causes the repossession of a car?
If you do not want your car repossessed, then you need to keep up with the payments on your car. If you are behind on payments, then your car could be taken away from you legally.
