Technically they can repo your car after 30 days. Depending on the finance company
No they cant only the behind on its payment can be taken.Even if the same bank is used on both cars only the car behind on payment will be taken.
First off it is not your car. The car belongs to the lender until you pay for it. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
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.
2 payment
but were behind one payment from the year before?":**** you answered your own question, didnt you? Pay them $5.00 per month on the way behind payment and maybe they will be quiet. LOL
As little as 1. Depends on the lender and the agreement you signed. Read the loan agreement. My advice. Call the lender and talk about this. Work something out! You do not want your car repossed.
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.
Typically, they will call the homeowner before the first payment is behind to remind the home owner that a payment is due. - VoyageHomeLoans
The Man Behind the Badge - 1953 The Nebraska Story - 1.8 was released on: USA: 29 November 1953
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
Usually after 90 days. A good rule of thumb is 60 days after the first missed payment.
Forecloseure proceedingsgenerally begin about 90 days after the last mortgage payment is made.