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No one can answer this question. It depends on many factors. Here is a thought. Call the lender and ask them.

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โˆ™ 2015-07-16 18:23:05
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Q: How long after they repossess your car do they have to wait before they resell it?
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What are the laws on repossession in Missouri?

Basically repossession is controlled under Federal Law, which says "If owner of the car misses continuous payments, the loaner has the right to repossess the Vehicle and wait for the payments to be caught up, or to resell it".


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Yes, the finance company can repossess the car from the body shop. They would likely wait for the car to be fixed before they repossess the car.


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This would be determined by the terms of the loan agreement and the applicable local laws. Within the loan agreement there should be reference to the action that can be taken to repossess the car should non-payment arise.


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Your contract most likely states that the lender can demand payment in full at anytime. This means they can repossess the vehicle after demanding you pay it off. If you are 5 days late, they could repossess it. There is no legal requirement for the lender to wait any amount of time before taking your vehicle.


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