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.
If you buy it from a dealer, you won't leave that lot without insurance on the vehicle. Legally, that vehicle needs to be insured before you drive it on any public roadway, regardless of if you buy from a dealership or a private seller.
In North Carolina, a dealership has 20 days to satisfy the lien on a traded vehicle after the transaction is completed. This requirement ensures that the dealership properly pays off any existing liens associated with the vehicle before transferring ownership. Failure to do so can lead to legal complications and potential liability for the dealership.
To the end of your drive.
You actually do not have a set period of time to return a vehicle purchase. There is no law that requires a dealership to take a vehicle back once purchased unless the vehicle is faulty.
If you bought the vehicle you cannot return it period. The Buyers Remorse law does not apply to the purchase of a vehicle.
Until they invent a hover-vehicle or amphibious vehicle, it is impossible to drive from Sydney to London.
The time frame to register a vehicle after purchase from a dealership varies by state or country, but it typically ranges from 10 to 30 days. Most dealerships assist with the registration process, often providing temporary tags that allow you to drive legally while you complete the registration. It's important to check your local regulations to ensure compliance and avoid any penalties.
As long as you are in default of something you agreed to in the contract, YES.
Depends on your luck
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.
In Kentucky, there is no specific "cooling-off" period for returning a vehicle purchased from a dealership. Once you sign the purchase agreement, the sale is typically final. However, if you are leasing a vehicle or if the dealership offers a return policy, the terms may vary, so it's important to check the specific agreement or consult the dealership for details.
Not very far until you have major problems.