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Up until the day they sell the car. As long as you pay the repossession fees and make up all back payments plus any administrative charges. That is if the lender agrees which they do not have to do. You broke the contract when you failed to make the payments on time so they can refuse the payments and sell the car.
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∙ 13y ago
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A vehicle under reposession is on my property?
And?
How long do have to pay once your car is reposed?
The bill is due immediately after the finance company sells the vehicle and totals the cost of reposession.
What are the guidelines for vehicle reposession in California?
I am presently two months in arears in payments to the bank. I am presently looking for work with fairly good prospects How can I prevent reposession of my vehicle which is critical in persuing job search?
What is the term used when your vehicle is taken from the owner when payment agreements are not met?
reposession
Can reposession agent go in home owners fence to recover vehicle?
Yes, as long as there is no breach of peace. The repossession agent cannot break a lock or damage property. They can only recover the vehicle which is behind a fence only if it is accessible.
How do you get a new vehicle after a reposession?
You will not be able to using credit, but if you have the cash you could go into a shop and buy one.
In the state of North Carolina does the reposession man need a Writ of Replevin in in order to repossess a vehicle?
habeas corpus
Does the DMV get notified of a reposession if they have not found the car yet?
No. Only when the vehicle is repossessed and always once the licence plates are turned in.
Is a warrant or court needed to repossess a vehicle in the state of Tennessee?
No. The lienholder is the rightful owner of the vehicle, and can reclaim their property as needed.
How do i report a repossessed bike?
If it's repossessed, it's repossessed... there's nothing to report. As long as there's a lien on that vehicle, the lienholder is the rightful owner of it, and can reclaim their property.
Can a reposession of a vehicle be towed while you are in the vehicle?
Often, the law is vague on this, and the reaction may come down to the disposition of the police department. However, it could be potentially seen as kidnapping.
How long does the dealership have to reclaim the vehicle once you drive off with car?
It can reclaim (or reposes) the car Anytime if the owner does not pay off the money due on the car. Most of the time, the owner pays what is owned and the dealership can't reclaim the car. However, if the owner can't pay for the car, even if it's years later, the dealer can reposes the car.
