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What is you are making payment on the car and owe the dealership for something else can they repossess the car?
Yes and No.
By "they", I'm guessing you mean whoever technically owns the car that you are making payments on, and is most often a bank/credit union. If you owe the dealership for a repair bill or something, it is separate from your car payment, and would most likely have no impact on your lease, therefore not be repossessed.
On the other hand, if you owe money because you didn't pay your insurance (in a State where insurance on a financed vehicle is required by law), then the lender will furnish insurance from a company they choose and add the cost of each month's insurance payment you missed, plus any months adding up to 6-months to a year right to your loan including interest and all. So while you could go a couple months paying the same amount you've been for the car, not paying the extra $100-$200 a month on the same bill will quickly get them to send the repo guy.
What else can I help you with?
Can a bank repossess my car if I am making some sort of payment?
If you aren't paying in full they can repossess the car. To a bank " some sort of a payment " doesn't count. Call them and make arrangements.
If you are in repossession status and are making efforts to pay on your late payments can they still repossess your vehicle?
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
Can a dealership legally keep your down payment?
In most cases, a dealership can legally keep your down payment if you back out of a purchase agreement. However, the specific rules may vary depending on the circumstances and the terms of the contract you signed. It's important to carefully review the contract and understand the dealership's policies before making a down payment.
If the dealer accepts partial payment can they still repossess your car?
Yes. Once the lending agreement is in default the lender may take whatever action they choose in recovering the monies owed. It is a misconception that by making a partial or token payment the creditor will not be able to assert their legal rights. The lender can accept the payment, still repossess the vehicle or pursue litigation.
If loan is not reaffirmed on a mortgage is the property still mine payments are made on time?
as long as you keep making payments the lender will probably not repossess the property. however, if you miss one payment the lender can repossess the property at any time.
After making a down payment and trade in it is possible for you to change your mind overnight after careful consideration of financing and ask for something cheaper?
Once the contracts are signed it is up to the dealership whether they want to let you change. Prior to that you can do whatever you like.
Can a bank report a car stolen if in default of payment?
YES, IF YOU CLAIM NOT TO KNOW WHERE IT IS. If you call the bank and say I dont know where the car is its gone, they are going to tell you to report it stolen. If you stop making payments on it then they will repossess, if there is no car to repossess then you are still responsible to pay the monthly payment car or no car If you stop paying and there is no car to repossess then they at that point can take legal action against you. I dont know if its reported stolen but take my word for it you will pay somehow.
Can a company repossess your car if you are making your required payments on time every month but were behind one payment from the year before?
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
Can a creditor repossess property if you are making payments?
no they cannot
Can the lender repossess your car if you didn't make the payments because they never sent a payment book?
They can repossess your car if you defaulted on the loan. You knew you owed the money and you knew you didn't receive a payment book. It was your obligation to contact the lender to arrange to make your payments. You should seek the advice of an attorney who may be able to negotiate with the lender on your behalf. Not making your payments for your debt on such a technicality is really dangerous.
What options are available for purchasing a car at a no credit, no problem car dealership?
At a no credit, no problem car dealership, you can typically purchase a car through in-house financing, which means the dealership provides the loan directly. Other options may include bringing a co-signer or making a larger down payment to secure the purchase.
Can your loan company repossess your car if you are in arrears but are making payments?
Yes.
