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YES, if you are in default of the contract, the collateral can be repossessed. Read your contract again.

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โˆ™ 2015-07-15 19:48:53
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Q: If a car payment is due on the 14 but a payment will not be made until the 29 can the dealer repossess the car in Georgia?
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Related Questions

How do you help somebody who is posessed by a vampire?

Wait until the vampire misses a payment and then repossess him.


How long does a creditor have until they repossess a vehicle?

A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.


Is it legal for the lender to repossess a vehicle after you made arrangements and they accepted a payment?

it is legal, until it is paid for 100% and you have a title it belongs to them.


If you purchased a 2006 H3 last week but put a stop payment on the down payment check for misrepresentation loan is through private party and you have tried to settle the matter can dealer repossess?

Yes they can re-possess at any time, terms and conditions state, the vehicle belongs to the HP company until full payment is received that you borrowed, however they must send you a NOD (notice of default) and give you 14 days in which to pay, and then a TERM ( TERMINATION OF YOUR RIGHTS) THEY CAN THEN REPOSSESS


If your car is going to be repossessed but you make a payment to get caught up can they still repossess the car?

Until the LENDER cancels the repo order with the repo company, you are fair game.


Can the bank take your car at the dealer if it is in the process of repossession?

The bank can repossess their (not 'your' vehicle until you possess the pink slip) vehicle at any point where it's accessible to them, including places of business.


When can a bank reposess a car?

A bank can repossess a car at any time the loan has defaulted. Many times a bank will wait until a payment is 2 to 3 months behind before repossession.


Can your car still be repossessed after you've paid half of your past due balance?

Of course. The whole idea of "security" in your pledge of the car in exchange for the loan is that it is easier to repossess it than to sue you for non-payment, and that applies up until the very last payment is made.


You signed a contract for a used car the car dealer still has the car you have not given your down payment can you get out?

I THINK SO. THE CONTRACT HASN'T BEEN COMPLETED UNTIL THE DOWN PAYMENT IS MADE. HE'LL PROBABLY VOID THE CONTRACT FOR FAILURE OF PAYMENT.


I sign a contract with the dealer but the bank backed out of the financing after driving the car off the lot. Can I keep it.?

Literally speaking, you can physically keep it until they repossess it and incur any fines/penalties/bad credit marks.


Can a finance company repossess my car if I am only one week behind in car payments?

Typically, yes. Unless you have it in writing that they will change your payment date, or accept a later payment, they can repossess your car for being only a day late on your payment. However, most companies will not repossess this early as it usually ends with them losing money. They make more money by you paying your monthly payments plus interest. In the long run, if they repossess they have to sell the car at wholesale or auction and typically the person whose car was repossessed does not pay the balance due. This whole process takes a lot of time and money. Usually your finance company will avoid repossession until it is a last resort. Buy here pay here places aren't so nice however. In the end, legally speaking, the answer is yes.


Can a dealership repossess a car without there ever being a car loan - and down payment made and cashed?

If you have not fully paid for the car, it is not yours. The loan papers allow you to use the car until it is paid for; without the agreement you have nothing.


Can a car dealer impound your car with out notice?

If you purchased and financed that car through the dealer, and you miss a payment ... YUP ... they can impound (repossess) the car until one brings the loan payments current. You see, when one misses a payment, the perception of the loan company is that the person no longer wants the car - or just wants something for free ... not going to happen in this day and age. The dealer, after a reasonable amount of time waiting for you to pay up, could sell the car again ... and you would then forfeit all monies you paid towards purchase. Bottom line: pay those car loans on time, every time ... if you have to go out and get a 2nd , 3rd or 4th job - do whatever it takes to keep up with the payments.


When can your car be repossed?

The most frequent cause of repossession is lack of payment on a note owed to a financing company or bank. The lender can repossess anytime after a payment is missed, but most won't start such proceeding until you've missed two or three payments. Always try to work with the lender before you get too far behind.


What is flooring for auto dealers?

when a car gets to a dealer a bank owns it flooring is the payment made to the bank every month until the car is sold and the bank is payed off


How long does a lender have to repossess?

I am 3 months behind on my mortgage? How long until they repo my home?


Can a bank repossess your car for one missed payment?

i have 5 open repo orders where people are only 15 days late so make ur payments on time. nichole They usually wait until you miss two or three. That's because you might have mailed the first payment and they don't want to make a mistake of repossessing it too soon.


If a WV car dealer replaces a car transmission and the car owner takes the car and stops payment on the check is it legal for the car dealer to repossess the car for non payment of services rendered?

Not sure how the laws of WV differ from here in NC, but I can tell you that a mechanic can legally keep your vehicle until you pay for the repairs this is referred to as a mechanics lien. You have a certain amount of time to pay for the repairs plus storage if they choose to charge for storage. If after the time limit is up the vehicle owner still has not made the required payment the shop can legally sell the vehicle at auction to cover the amount of the repair/storage bill. Since you are in physical possession of the vehicle the shop will probably have to go through small claims proceedings in court (sue you) to recover the amount that you owe.


Can a lien on car you perchused full in cash but dealer has a lien on the car still be reposessed?

If you purchased the car in full with cash then there shouldn't be a lien. Look at your paperwork to make sure it says "Paid In Full" if it does the dealer has no right to repossess a paid in full vehicle. A lien is where you are making payments for a vehicle and the vehicle is being used a collateral until the vehicle is paid off.


When is a repossession unlawful. my car has been repossessed 4 times in 2 months. each time before i can completely honor the agreement the dealer repose my car. i am making payments . and i do pay wh?

Payments must be paid on time when they are due. One must remember that it is not "your car" until it is fully paid for. Until then the outfit that lent you the money owns the legal title to the car. You are just the registered owner, not the legal owner. The legal owner has all rights to repossess the car anytime the payment is not made on time.


What are some kind of events that Georgia state had in the 1500?

Georgia was not a state in the 1500s. It was not even called Georgia until the 1700s.


What is the payment for purgatory?

the payment is a life of hell until your sins are replenished and you are pure, nobody is pure to begin anyway


If you returned your car to the dealer before your payment is due does it go on your credit?

Technically, a sale is not complete until money is exchanged. The law in some states is different though, and if you signed a contract PROMISING to pay, the contract defines the sale.


How long was milledgeville the capital of Georgia?

Milledgeville served as the capital of Georgia from 1807 until 1868.


Do you have to have proof to move at eighteen in Georgia?

You can move out at 17 in Georgia, but you cannot sign a Lease until age 18; nor can you be kicked out until age 18.