Just wondering cause they just towed my car after being only 1 month behind!!
2006-12-11 10:57:49 · 5 answers · asked by Anonymous in Cars & Transportation ➔ Other - Cars & Transportation
it says in your contract how much time you may have to make a payment. it really is up to the lender.
2006-12-11 11:00:50 · answer #1 · answered by SKYDOGSLIM 6 · 0⤊ 0⤋
Check the FINE print. You can be 3 minutes late and it's on the hook.
Something people may not know.
Car dealer buys car for $500. wholesale.
Car dealer sells car for $2500. He only wants $500 down.
(after all your credit sucks and he's willing to make a deal)
You drop 500 he waits for the other 2000 with 25% interest
you're supposed to pay weekly
you do fine until rents due and you skip a week!
ooops cars is gone and now he sells it again for @500 w/ 500 down to the next guy.
2006-12-11 19:12:43 · answer #2 · answered by Daystar 3 · 1⤊ 0⤋
i own a repair shop,and not always,,if you have a history of being behind in payments ,,the bank or lien holder can issue a repossession notice at any time over 30 days,,its a bad law,, but that's the way its written out,,this is done to protect the lender,good luck with it,i hope this help,s.,,have a good x-mas.
2006-12-11 19:02:51 · answer #3 · answered by dodge man 7 · 0⤊ 0⤋
No. If you are behind even a week they can, especially if its a buy here pay here type of place.
2006-12-11 19:39:34 · answer #4 · answered by txharleygirl1 4 · 0⤊ 0⤋
Each state has there own laws about repo,but most of them is three months.What you need to do is read your contract.
2006-12-11 19:00:44 · answer #5 · answered by George K 6 · 0⤊ 0⤋