He lives in FL.
He recently lost his job and just started working again. His car payment was due on 08/20/06. He doesn't get paid until 09/15/06. I should also mention that he filed bankruptcy soon after his divorce. his car was included but he chose to keep paying it so he does not lose it. He tried calling the finance company today, but they are closed until Tuesday. Can his car get repo'd? if yes, how much time does he have?
2006-09-01 12:28:57 · 7 answers · asked by Boricua Chic 3 in Cars & Transportation ➔ Other - Cars & Transportation
Usually you have to be 2-3 months behind before they'll repo a car. But they can repo it after 1 missed payment. If you call the finance company on Tuesday and explain the situation to them, they'll probabally give him a chance to make up the missed payment.
2006-09-01 12:33:15 · answer #1 · answered by soaplakegirl 6 · 0⤊ 0⤋
IF: He is only 12 days late now (only behind one payment that was due on the 20th)
IF: He is not with a high risk finance source (such as a buy here pay here)
IF: He does not have a history of being extremely late on his car payment.
IF: They have not contacted him looking for the payment
IF: He contacts them 1st thing Tuesday morning and makes payment arrangements (and lives up to them)
He should be safe.
2006-09-01 13:56:35 · answer #2 · answered by fire4511 7 · 0⤊ 0⤋
some times they wait as long a three months before they do but they would try to work out an arrangement with him. from what i am reading he is only going to be less than 30 days most loan company will let you do that i did with mine ..mine is through ford credit.
and i have been late a few times myself so he should be ok
2006-09-01 12:33:13 · answer #3 · answered by nas88car300 7 · 0⤊ 0⤋
3 months
2006-09-01 12:30:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
they,ll give him 90 days to catch the payments up on it,,before they do anything at all,,i used to re-po cars,,but i didn't like the idea of taking peoples cars that was having a hard time,,so i gave it up,,but he will be safe for 90 days,,but these are calender days,,not 90 working days,,good luck with it,,i hope this help,s.
2006-09-01 12:38:36 · answer #5 · answered by dodge man 7 · 0⤊ 0⤋
At least 90 days on most loans. Contact loan office ASAP and offer to overnight payment to cool them off if necessary.
2006-09-01 12:31:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
It's usually 2 or 3 months. He should be OK, though nothing in this life is guaranteed...
2006-09-01 12:53:05 · answer #7 · answered by Bostonian In MO 7 · 0⤊ 0⤋