Well, I just had a rude wake up call again at 2am. I glanced out the window and saw a tow truck waiting to haul away my 2003 Honda Accord. It is practically paid for, yet still owe a few payments which I'm not able to meet now. I just can't believe they'd have two goons at the door at that hour. Why not repo in the light of day? It probably cost more than the value of the car than what it cost to have the goons knock on my door after midnight. Of course I didn't answer the doorbell. Was tired and needed sleep. The Accord was in the garage, which I don't believe can be accessed without a police search warrent. Tomorrow I'm moving the car to a relatives house until I can work out the remaining payments. So it goes. - Rich
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.
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
I don't know about you but i would just watch operation repo
As long as there is a lien on the vehicle the lienholder has the right to repossess the property
Yes, as long as the repossession agent did not commit a breach of peace as defined under the laws of the state or municipality in which the vehicle was recovered.
Three payments
Yes, as long as it does not constitute a breach of peace, such as attempting to remove a vehicle from a locked or unlocked garage. Unless the property is legally posted.
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.
It is probably stated in your finance or lease agreement that if you don't make your payments on time that the finance company has the right to repossess the vehicle. Consider yourself informed. Long story short, if you don't want your vehicle repossessed you need to make your payments.
Read your contract. Likely the answer is YES. As long as you are in DEFAULT, they can repo.
Absolutely ! So long as he has the correct paperwork - he can repossess the vehicle from anywhere.
The lender can legally take the vehicle one day after the payment is due. That is, on the day the payment is late, the lender can begin repossession efforts. The day the payment is late, the contract is void.