it is up to the bank to decide. Legally, as little as 1 cent.
After they repossess the vehicle they will sell it for whatever they can get. You are then responsible for the difference in what they sold the car for and the balance owed on the loan. If you do not pay this amount they will take you to court.
They can repossess with any amount owed if unpaid.
As long as the bank is listed as the lienholder on the title and as long as you owe them money and haven't paid they can repossess the car.
Yes they can repossess everything that you got a loan for.
no
When the owner defaults on the loan payments
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.
You owed more money than the car was worth and they wish to collect the balance.
I have NO IDEA, WHY look here if there is NO ANSERS
The bank can legally repossess a car at any time you default on the loan regardless of the vehicles value or the amount past due. If your car payment is due on April 1st and you don't pay than you are legally in default on your contract. If you make a partial payment (less than the amount you agreed to pay in your contract every month) and the bank didnt agree to this arrangement then you are still in default. The best bet would be to pay the $128 before the car is repossessed or to pay the back balance owed if it has already been repossessed.
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
If the bank holds the loan, then yes. If the payments are stopped, the bank will repossess anyways.