I don't know about you but i would just watch operation repo
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
No. Vehicle can be resold, you still take the hit on your credit.
As long as there is a lien on the vehicle the lienholder has the right to repossess the property
The bank can repossess the car if payments are not made.
Yes...thats what repo-men do.
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
No, they cannot take your vehicle without a signed document.
Yes. The lienholder is the rightful, legal owner of the vehicle, and can take possession of that vehicle anywhere.
Yes. A lienholder is the lawful and sole owner of that vehicle, and it doesn't matter where they repossess it from, so long as they do it in accordance with state laws for repossession.
Yes. How many names are on the title and/or the loan means absolutely nothing... so long as there is a lien on that vehicle, that lienholder is the sole lawful owner of that vehicle, and can repossess it as recourse for delinquent payments.
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
When you don't pay for it.