What are the car repossession laws in Kentucky?

Answer 1

If you mean how late do you have to be to get repossessed:

Usually 3 months if you are financed through a bank or credit union and 1 week

if you are financed through a buy-here pay-here.

The banks prefer their money. They don't want to deal with reselling a car. The buy-her pay-here's get to keep your money that you already paid, then turn around and resell your car for almost what you paid. They can do this as many time as they want, as long as people get behind. Anyone who has a car loan

will fall behind at least one time in their 3-to-5 year contract.

Answer 2

In Kentucky, a lender can repossess a car without notice if there is default on the loan agreement. However, the lender must give notice after repossession of the vehicle, including information on how to reclaim personal belongings. Once repossessed, the lender can sell the car through a public or private sale.