They will likely be by to pick it up soon. They are giving you every oportunity to catch up the payments(they REALLY dont want the car back, they want the money).
The finance company has the right to repo a vehicle the day after the payment is due if it is stated in your contract. they usually wait till you are 30-60 days past due.
Check your loan documents but they can if you are one day late. Most don't because they really want the money. Three to six months late on payments the REPO man will be looking for ya.
Depends on the company. Average 2-6 months.
Technically they can repo your car after 30 days. Depending on the finance company
This depends on where you are.If you are in an area where it is illegal to hide the vehicle from the finance company you will get arrested, the vehicle will be impounded and the finance company notified.Added: If you have been concealing the vehicle from the creditor and at the same time not beein making payments, the creditor may well have filed a stolen vehicle report with the police.You have wrongfully deprived the creditor of their property (i.e.: THEY own it - not you). If the vehicle turns up in the police records as stolen they will not only confiscate the vehicle - you could be facing criminal charges as well.
In many states it only has to be 30 days late. 7 mos. is more than time req'd in any.
72 months is about as long as any lender will go. However if you have to finance a car for 72 months then you are buying more car than you can afford. I never finance a car for over 36 months unless I can get 0% financing.
Is this a voluntarily repo are you owe 4 months of payment?
Whether it's your first time buying a car or you are an experienced buyer, our vehicle finance . What type of vehicle can I purchase with a Chase Auto Loan? How long will it take to get a decision? The Chase check will be made payable to both you and the seller of the vehicle. Maximum term available is 72 months.
The total cost of the vehicle is $15948.00Multiply the number of months by the payment per each month.$332.25/month x 48 months = $15948.00
No...if you are completely current...and have nothing owing from previous months..again no.
This situation will make it challenging to obtain financing as you will have clearly demonstrated a lack of ability or desire to continue a time finance repayment schedule. There are lenders out there who may be prepared to finance a car for you. They will, undoubtedly, charge extremely high interest rates and will have little or no tolerance for any past due payment.