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Answered 2015-07-15 21:39:01

what else are you in 'default" of in the contract?? Did the car get impounded?? Is it in possession of a 3rd party? Is it being used in criminal activity? I dont know..

There aare statements on the back of your contract called "acceleration clauses". Insurance is probably one of those items.


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Can the lien holder repo my truck when payments and insurance are current?

They will not repossess a vehicle unless you have defaulted on the loan. Defaulting on the loan is being late with the payments. Call the lender and talk to them.

Can they legally repossess your car if all your monthly payments are up to date but you have made a few payments a day or a week late?

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?

How many days late on car payments before it is repo?

60 days

If you've been late 8 weekly payments can the dealership report the car as stolen?

IF you are the REGISTERED OWNWER, NO. You cant steal your own car. They can REPO it.

Can you sue the lender if they repo your vehicle for being 21 days late?

No. Based upon your lending agreement, you agreed to pay the payments on time. There is NO required "Grace Period" for auto loans. They can also repo it if you don't maintain valid full coverage insurance.

In the state of Ga can your car be repo for being two days late?

Usually there is a grace period for late payments; however it is not a requirement.

If your car has been repossessed do you have to keep car insurance on it?

no, but it is recommended. the repo co has insurance and is bonded for this type of situation. you will have to provide proof of repo to your insurance co.

Car repo in ny?

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.

How late can your payment be before repo in North Carolina?

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What is the legal process to repo a car in TN?

You need to have a lien on the vehicle and reasonable cause to repo it, whether it be late payments, risk of losing the vehicle in impound, etc.

Can you be charged a repo and insurance fee when the original owner never notifid you of the repo and drove the vehicle away herself?

I'm not sure what your question/situation is but... The Finance company can do what's called "forced insurance" meaning if you do not have insurance they will put insurance on the vehicle at a hefty cost to you. They can also repossess the vehicle even if you are up to date in payments but do not pay them their insurance rate.... and that money is still owed after the repo.

How long can you be late on car payments before they can repo?

Read your contract. One day. As long as you are in default of the contract, the lender can repo the collateral. That could include no ins. coverage.

Can your car be repo if you have no insurance?

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If you do a voluntary repo and get another dealerships car will that hurt your credit as bad as not making any payments for a repossession?

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Can someone repossess your car if the payment is 3 days late and it is not stated anywhere in the contract and you do have insurance and all other payments are made?

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How many payments do you have to be behind for the bank to repo your car?

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Wayne, Personally as a Repoman, I see 4-5 orders a month to pick up a vehicle that the bank has no proof of insurance on. I believe there is something in a car buying agreement that requires you to carry the insurance.

Can your car be repossessed if the payments are up to date however the insurance has expired?

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Can they repossess your car even if you have been making all the payments?

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If you always make your payments but are usually late each month will they repo your car because of your history even if payments have been made?

No as long as you are making payments every month. Most lenders won't reposess a car until you are at least 90 days late. The truth is lenders do not want the car back. Make sure and contact the lender and explaine your situation and they may even work with you to help you get cought up.

Can you make payments after your car is repo?

Little late for that don't you think. If the car has already been repossessed then you now owe the repossession fees. Go to the lender sit down and work something out which is what you should have done in the first place.