That sounds odd, repossession is usually done when you've missed payments.
I think that they would let you know before, or put something on the tire so that you can't drive until you pay.
Go to carfax.com to get a vehicle history report
This is always a smart idea to use a car loan calculator to see what kind of payment you are looking at for a certain amount of money. The key to shopping for a new vehicle is to figure out exactly what kind of payment that you can afford. You also need to take into consideration how long you wish to be paying on the vehicle.
You would have to read your lease. Every company is different and I imagine each company probably has different leases for differently qualified customers.
It depends on where you are purchasing this from. If you buy it off of ebay, amazon or another online service, they will want you to pay the full amount before they ship. However, if you are purchasing it from a store you may want to speak to the manager about a payment plan.
Car finance terms and conditions for purchasing a vehicle typically include details about the loan amount, interest rate, repayment schedule, down payment requirements, and any additional fees or charges. It is important to carefully review and understand these terms before agreeing to a car finance agreement.
The required 50 down payment for purchasing a car is half of the total cost of the car that needs to be paid upfront before taking out a loan or financing the remaining amount.
This is a tricky adventure. The pawn shops do not work like a bank or credit union does. There policies are a little stricter and more abusive than what you will get from the banks and credit unions. The great thing about the pawn loan is that you can bring in actually merchandise that they will except for payment if you do not have the cash. They also do not allow you to go for a few months without payment before they reposes your vehicle. You also have to put something up of greater value so they would finance you.
There are pros and cons to purchasing a used vehicle. The price is better, however, sometimes you are buying more problems than you need. Shop around and ask questions before purchasing.
You need insurance on a new car BEFORE you even drive it off the lot. Get a quote before purchasing the vehicle and have it saved by your agent. Then the day you purchase the vehicle, have the VIN in hand, and purchase the insurance before picking up the vehicle.
It depends on the terms of the contract. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
If purchasing through a used car leadership, it is possible to inspect it first hand. If the agent is unable to do so, it is best to avoid purchasing such a vehicle.