This question can not be answered in months, days and hours, it depends on several things. How much do you consider LARGE,ect. how well you do at rebuilding your credit rating, how well you know the loan officer. Could be 6 months or 6 years.
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
If you're asking whether the vehicle can be repossessed for non-payment, it can, regardless of who's supposed to be making payments. Whoever appears on the contract or paperwork for the car is responsible for the payment, regardless of what informal agreements may be in place.
READ your CONTRACT. IF the contract is in DEFAULT, the collateral CAN be repossessed.
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.
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.
This is in reference to a vehicle being repossessed, usually due to non-payment.
The car can be repossessed. The estate is responsible to return the vehicle and resolve the lease or loan.
That is determined by the LENDER.
Read the fine print of your contract carefully. I have never heard of a vehicle leasing/purchasing contract NOT having a first payment default clause.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
No, your down payment and any other payment you have made will be put to your subtotal for the car.