can you reposess a car for late payments?

Answer 1

READ your contract! For sure I can repo your ride ,if you don't pay you don't ride !!!!

Answer 2

Banks and finance companies can repo a car because it is usually written into the finance contract, as a remedy for the finance company in the event a person defaults on their loan. If you miss a certain amount of payments, they can come get the car. You, personally, would most likely have to seek relief through civil or small claims court where you could demand full payment of the unpaid balance of the car, or demand the return of the vehicle itself. If you were the seller of the car, and agreed to accept payments from the buyer, you should have some sort of written contract stating the number of payments, the amount of each payment, and when they are to be made. And you should have retained the title to the car until the buyer has paid you in full for the vehicle.

Answer 3

yes, but you must follow the rules, contact your local law enforcement and ask them for the proper methods. They will usually be glad to help. Laws vary so check and be sure.

Also it is sometimes better to hire a repo person. Always retain a key to the car and get a freinds and family list from the borrower.
Better yet dont loan money!!!

Answer 4

yea some banks go get it as early as 14 days late most usually wait till 30 days late though make those payments!

Answer 5

I can't but the lean holder can get a repo man to get it when your not looking. It depends on how far behind you are in your payments.

Answer 6

sure, if its 3 or more. did you writie it in your contract?

Answer 7

Sure.