Legally, ONE.Actual practice?? 3-60
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
It can be. but generally wont be unless its your first payment.
The car will probably 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.
Yes it can be done,read your loan agreement.
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.
Anyone's car can be "repossessed" if they don't make their car payment.....
Yes. If the payment is made to the finnance company.
Repossessed cars may be purchased from many car dealerships some specialize in repossessed vehicles and others may have the occasional defaulted payment. Another great place to find repossessed cars is with a financial institution, there are many people struggling, taking credit, the car is often the first thing repossessed when the loan is called in.