2006-10-02 15:15:08 · 11 answers · asked by ohmissleah 1 in Cars & Transportation ➔ Other - Cars & Transportation
small used car lots only give you 30 days and they come and get it, that's how they make their money :)
2006-10-02 15:23:30 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It depends on how long you have had the loan. If you have missed your first payment They may get on the move quickly. But it takes three missed payment sequentially before they repo it. Just call the bank and explain. tell the truth then it is easy to follow up. If you lost your job let them know you are in between checks and waiting. If you had an emergency explain and they won't be too worried. If you say it will take a couple of weeks then their fine. Your not officially late till the end of the month. Just call and let them know. They won't reposses your car over one paymet or even two. They don't want your car they want money.
2006-10-02 15:22:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋
it depends on the terms of your contract. some lenders can repossess if payment is only 30 days late. some go to 60 or 90 days. you would need to read the contract on the purchase of your vehicle. if you are having financial difficulties, many lenders will work with you to get caught up on past due payments simply because it may be easier than attempting to repo a vehicle.
2006-10-02 15:20:59 · answer #3 · answered by mrsaeriv 1 · 0⤊ 0⤋
Depending on how much you have in it I would be trying to sell it ASAP before they try to come get it. sell it for the pay off if you have to but your credit will be messed up for a long time if they repo it!!!!!
call the lender and tell them it is for sale this may by you a little more time cause it cost them money and a lot of hasle to repo a car and then dispose of it and get their money back out of it!
2006-10-02 15:23:46 · answer #4 · answered by shadow765 2 · 0⤊ 0⤋
most lenders will wait until youve missed more than one payment. but they dont have to wait long at all..just a couple of days and they can legally come get it. good luck.
2006-10-02 15:18:14 · answer #5 · answered by askmike 5 · 0⤊ 0⤋
it usually takes a coulpe payments behind and they will contact you. a smaller car dealership might come and repo your car after the month in question has lapsed. get all of your personal belongings out of the car tonight. it may not be there when you get up. give them a call and work something out. dont loose your car and ruin your credit
2006-10-02 15:21:05 · answer #6 · answered by Billy T 6 · 0⤊ 0⤋
They can repo it any time but normally most companies will wait several months.
If you have no intentions of making those payments you can turn it back to them yourself. It will be a voluntary repo and will count against your credit but you won't have it hanging over you.
Good luck
2006-10-02 15:17:12 · answer #7 · answered by I love the flipflops 5 · 0⤊ 0⤋
until you have thoroughly settled the finance, the motor vehicle isn't yours. It belongs to the finance organization. in case you have been to sell the motor vehicle, that could desire to be seen the two fraud or theft by skill of the finance organization and/or the Police. the two conviction could desire to bring about a penal complex sentence, and a criminal record which will injury your employment possibilities for the the remainder of your life. to boot, you may nonetheless be susceptible to pay the the remainder of the finance. in case you stopped the money the finance organization will look into, and could take you to courtroom. you will no longer win that case. Failure to maintain up the money will injury your credit, which will make it harder so you might get any variety of credit interior the destiny (e.g. electricity or gas account, cellular telephone settlement, yet another automobile very own loan, a loan, a mastercard or save card, and so on.). in case you're in need of money, you could desire to telephone the finance organization to describe the situation. you could then get their permission to sell the motor vehicle, yet which would be on the information which you utilize the money from the sale to settle the finance. Ask them for a settlement parent. you could desire to observe that in case you purchased the motor vehicle new or almost new with a small deposit, the settlement parent from the finance organization could be greater desirable than the present re-sale fee of the motor vehicle. Any sensible purchaser will do an HPI verify until now procuring your automobile, which will ensue that there is finance fantastic on the motor vehicle. could desire to you sell the motor vehicle without clearing the finance, the finance organization are interior their rights to repossess the motor vehicle from the customer. In that adventure, the customer will in all probability chase you for a reimbursement, and in case you do no longer pay up could desire to take you to courtroom. A County courtroom Judgement against you will further injury your credit.
2016-12-12 19:26:54 · answer #8 · answered by ? 4 · 0⤊ 0⤋
If you miss 3 payments then they have the right to go start the repossession process. They will send you a paper Intent to repossess.
2006-10-02 15:24:07 · answer #9 · answered by walkerhound03 5 · 0⤊ 0⤋
They will usually wait until you are 60 - 90 days late.
2006-10-02 15:17:10 · answer #10 · answered by femalehorsewhisperer 1 · 0⤊ 0⤋