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Can your car be repossessed if the payment is two weeks late?

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2015-07-15 18:40:58
2015-07-15 18:40:58

READ your contract. If you are in DEFAULT of the terms, you can get repoed.

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Related Questions


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.



Its NOT a matter of HOW late, just that you ARE late. Read your contract. That should explain when you are in DEFAULT.


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


A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.


No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.



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.


Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.


If your payments are current, they're not coming to repossess your car. Trust me, the finance company would much rather have your money than your collateral (i.e., the car).


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.



The lienholder has an option to repossess when you become deficient on your payments for as long as you owe money on that vehicle. If you skip your last payment, that car can be repossessed.


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.


Anyone's car can be "repossessed" if they don't make their car payment.....


Yes. If the payment is made to the finnance company.


The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.


If you are late on your loan payment and are a cosigner on your daughters car can they repposses the car?


As long as you owe them money they can take it.


READ you contract. Likely not on a 1st payment default.


Read your contract. It likely says the lender can repo anytime you are in DEFAULT. Two weeks late is unusual, but they could repo when you are 1 day late.



A car can be repossessed in the state of New York if payments are late or defaulted. The only way to not get a repossessed is to make your payments on time.


Yes, if you pay your car payment at a car dealers office they will charge a late fee. Anytime a payment is late, the dealer has a tight to charge late fees.


Yes, if there is a breach of the lending contract, such as non payment of late fees or penalties, lapsed insurance coverage and so forth.



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