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Your contract most likely states that the lender can demand payment in full at anytime. This means they can repossess the vehicle after demanding you pay it off. If you are 5 days late, they could repossess it. There is no legal requirement for the lender to wait any amount of time before taking your vehicle.

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โˆ™ 2015-07-15 19:53:57
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Q: How soon can a car be repossessed?
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Related Questions

How soon can you buy a car after a car has been repossessed?

You can buy a car right after your car has been repossessed. It will however, depend on whether your credit is stable enough to qualify or if you have the cash to pay out of pocket.


Approximately how long does it take after your car is repossessed for them to come after you for the deficiency?

As soon as they sell the car so they will know what the balance due is.


What happens if you get your car repossessed?

if i get my car repossessed, can they put a llien on the house?


How can you locate your repossessed car?

Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.


Can your car be repossessed due to no registration?

No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.


Can your car be repossessed if you lose your job?

No, but your car can be repossessed if you don't make the payments.


Approximately how long after your car is repossessed do they come after you for the deficiency?

As soon as the lender sells the car, they will know what the balance due is. Then they will come after the money. You will know when that happens.


What steps are involved in reposessing a car?

As soon as a lease expires on a vehicle that you have in your possession or you default on one of your car payments, the owner has the right to have your vehicle repossessed.


Can a car be repossessed from a car dealership?

if the car dealership does not pay for the car in full or pay their bills then the car would most likely be repossessed


Can a car be repossessed with a person in the car?

No.


When a car is repossessed what do you do with the insurance?

When a car has been repossessed the person paying the insurance should cancel it.


Can you finance another car soon after your current car has been repossessed?

YES, IF you have a large D/P, any buy-here-pay-here lot will finance you.


Where do you get a car after your car was repossessed?

im sorry you can not


What happens to you if your car is repossessed?

You loose your car...


Can you have a car repossessed?

Yes


Can a transfer of responsibility be made after car is repossessed?

No. Your car gets repossessed, it's on you. You don't get to pass that on to someone else.


In Kentucky how many car payments behind do you have to be before your car is repossessed?

Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.


How soon can you get another car if you are getting ready to start a new job and really need transportation and your previous car was repossessed?

You can buy from a private seller or you can use public transportation.


Can a dealer sell your car if you still have the title?

yes if you car was repossessed in Maryland and the dealer has a security intrest on the tittle they can apply for a repossession tittle and sell the cars as soon as they have a tittle


What do you do once your car has been repossessed?

I have a welding machine on the truck they repossessed can they keep that?


If you have never had a car repossessed you have had a house repossessed Can I still get a car loan?

Most likely not depending on what financial situation you're in.


Can a car be repossessed when another car is parked behind it?

Yes, a car can be repossessed even if another car is in front of it. The person in charge of repossession the vehicle can call the police to help them get the car.


Can you buy another car even though is repossessed?

If you have had a car repossessed, you have not kept up with the payments. You probably still owe money on the repossessed car. In these circumstances, the fact is that you can not afford to purchase another car and would not be able to obtain the finance to do so.


Can your car be repossessed in Mexico?

Nope


Can a repossessed car be reported stolen?

No