Yes, we will most definitely repo you. No notice will be given except to the local police afterwards.
The letter needs to include what your intentions of payment are. A brief explanation of the reason that you are behind might help for the person reading it to make a determination.
It depends on you locatily, but in general, yes, if you are behind on your payment, your vehicle can be repossessed.
Vehicles are put up for repossession in self-help states only after the loan has been defaulted upon. Provided you have made all of your payments, and these payments have been on time per the contract, then no. However, if you have ever been late on a payment, and you fall behind at anytime, the contract in most cases has been defaulted, and repossession may proceed. That a lender does not repossess every time a borrower falls behind is a testament to two things: one, it is an expensive and complicated process to repossess a vehicle; and two, they understand that people fall behind and are willing to allow people to pay current. Their interest afterall is the contract. They do not really want your vehicle; they want the payment.
In almost all cases if one vehicle hits a vehicle from behind the rear vehicle is at fault. There are some extreme instances in which that is not the case, but it is a case by case basis.
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.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
You can start to worry about repossession of your vehicle as soon as you miss your payment. Depending on the loan amount and the type of vehicle you have you may have up to 30 days from your last missed payment to risk loosing your vehicle. If you keep in touch with the lender of your car, you have a better chance of not loosing your vehicle right away.
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.
My car note was behind 2 months . las week i sent off one paymnt to them But because of the recent hurricane my payment got lost in the mail. I received no noticication of any sort. The repo man arrived at my door and tolk my car . Now he wants 2400.00 dollars in order for me to get my car back can they do that?
GM fuel filters are under the vehicle, behind the driver... almost always.
YES, it is.