Depending on your state, the LENDER can get a JUDGEMENT and attach your "paid for" car(or anything else of value in your name) so when you sell it, they will get paid first.
three months
If you have not paid your loan, your vehicle is repossessed. If your vehicle is parked illegally, such as in front of a driveway or in a no parking zone, it is impounded. In both cases, a police report should have been turned in to the local police department. With an impounded vehicle you generally have a parking ticket, a towing fee, and a storage fee. All three must be paid before you get your vehicle back. Next time walk an extra block.
yes it has a 10 year limit
They usually repossess when you miss two or three payments. They seldom repossess if you've just missed one.
no
A car cannot be repossessed until the owner has missed several car payments and the owner has been notified of late payments. In most states a car can be repossessed after three months of non-payment.
I believe if you haven't paid in three months they can repossess your vehicle in Utah. *The state does not require a Right To Cure notice be sent to the borrower. The lender may recover the vehicle whenever the contract is in default. UCC laws apply, and the vehicle can be recovered by any means that does not constitute a breach of peace. The plates remain with the borrower/debtor.
I am sure that it depends in what state you live, but in Oregon it is always the person that hit you, who insurance would pay. i.e. vehicle one, pays vehicle two.... and vehicle two pays vehicle three.
Three months of non-payment
Read the contract again. What part of it are you in DEFAULT on? There is a clause in most contracts that says the lender can accelerate the balance due for a number of reasons.
It appears that it will eventually be fully controlled. However, after almost three months, there is still a great deal of concern about this very large spill, including the environmental effects that will persist even after the spill is fully controlled.
I believe every vehicle has the three laws of motion. All motion has them!