English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

2007-03-14 04:38:00 · 4 answers · asked by Annabel P 1 in Cars & Transportation Other - Cars & Transportation

My due date for payment is the 14th of each month. I have been getting harrassing calls on my cell, at work and home stating they are coming to pick up the vehicle. I owe January and February however they won't take anything less than 3 month including March and March just became due. I have been in a financial bind however on March 27 I'll be able to pay all of it and they will no longer wait.

2007-03-14 07:23:57 · update #1

4 answers

When you finance or lease a car, truck, or other vehicle, your creditor or lessor holds important rights on the vehicle until you’ve made the last loan payment or fully paid off your leasing obligation. These rights are established by the signed contract and by state law. If your payments are late or you default on your contract in any way, your creditor or lessor has the right to repossess your car. In Indiana, creditors or lessors can do this legally without going to court or warning you in advance, as long as they do not breach the peace. The only time consideration required by Indiana law is the amount of time that the creditor or lessor has to wait to sell your vehicle after they repossess it.

2007-03-14 21:38:35 · answer #1 · answered by dh1977 7 · 1 0

in any state they usually have around 3 months,for one to be took,but here lately anything over 60 days you can expect it to be gone in,there not waiting these days on the full amount of time,legally they can take it any time past 30 days,but they never will they always wait at least 60,so you might have a little time left on it,good luck i hope this helps.

2007-03-14 11:46:38 · answer #2 · answered by dodge man 7 · 0 1

I second after you fail to make the payment it can be taken back by the financer.

2007-03-14 11:47:08 · answer #3 · answered by Sane 6 · 0 0

Could you clarify your question?

My link may help you.

2007-03-14 11:48:35 · answer #4 · answered by Anonymous · 0 0

fedest.com, questions and answers