A dealership willnot need to repossess a vehicle in any state unless it is a buy here pay here type dealership. If this is the case, the dealer should contact a local, private repossession company. Find one of the larger possible companies, this will offer more resources. Then leave it to them. It could take some time, but if you give them all the information you have on the debtor, they will find and secure your car.
A cosigner or coowner cannot repossess a vehicle. That is something the leinholder does.
A creditor can repossess a vehicle at any time after a default(late payment, lack of insurance, etc.) occurs on the contract.
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
They are not going to repossess a vehicle because you were rude. They can however repossess it if you miss just one payment.
Depends on your jurisdiction. If you're late on a payment for just 1 month, it's legal for the car dealer to repossess your vehicle, but 27 days seems a bit uncalled for.
The DEALERSHIP won't repossess the car, but the lender might if you don't make the monthly payments as scheduled.
YES
Yes, you made a financial pbligation by signing the documents for the sale of this car. So, they can legally repossess that vehicle.
No, and why would they? If the payments are up to date and have been made on time, there would be no reason for the dealer to repossess the vehicle.
can you repossess a car for non payment of late fees even though the initial payment has been made in Colorado
No, it is illegal to impersonate someone else in order to repossess a vehicle or another asset. For example: You can't tell the R/O of the vehicle that you're from the dealership and are going to detail the car on their behalf as part of a customer loyalty reward.
it is legal, until it is paid for 100% and you have a title it belongs to them.