My guess would be 3 or more payments missed will cause a repo. Yes, they will take it with all of your stuff inside; why should they care. I have a couple of friends/family members that have had repo's, they were all called and informed, and asked where the tow truck driver could pick the vehicle up. Talk a bout giving a heads up!
I missed one payment by 4 days, I made the payment a few days late, I was stupid and didnt call them the first day but I knew I could make it a few days later. So I called, made the payment. Then that very night my truck was gone. No warning or anything, and I even caught my payments up. Then I was told in order to get any of my stuff out of my truck I had to pay all storage fees, started out about 400 for the first day and went up a couple hundred every day thereafter. So even if you miss just 1 payment, and even catch up they can still take it that day.
If I have payed more than a third of the price of the car can they just come and take it without any notice
I have had mine in repo status for 2 years now, and they havent fond it.
How about storage facilities, If I lock it up till I get the money, can they find it? And can they break into my storage to get it?
Cars are not like houses. They could easily repossessed the car if you don't pay and it depends on your credit history. They are afraid if they see your history to have a colorful scenario about loan, to lose more money on you.
Can I hire a repo company repo a car that I have co-sign on the person isn't making the payment iam ?
In Texas, if you are one day late, you can be repo'd. If you are current and the lender feels that you are unable or unwilling to make your next payment - repo. If you drop insurance - repo. If you hide the car - state jail felony. Make your payments or at the least talk with your lender. If you make an effort before you become past due, it will only help your cause and may avoid a repossession.
I have repo'd 100's of cars and the people that are cool with the repoman usually get their car back. Make it difficult and welcome to the world of 25% interest on your next one.
I'm freaked out! I have two cars financed through Nissan Motor Corporation and I'm behind a month on both cars. I'm planning to get caught up when I get my tax refund. I'm shitting a brick!
In AZ repo men and police men are gay with each other. My car has been on their list for 20 years. On Feb 9th is my 20th anniversary ha. I'm going to have to have me a bbq!
You can miss up to four payments, sometimes more. The company will call you and call you to set up a payment in full. If you fail to do so, they will ask you were they can pick the vehicle up, you can stall this process if you keep giving them a false address (if you live on a reservation, "they" cannot come to get your vehicle without going threw the tribal courts first, which is quit a while. BUT, they now hire another tribal member to go to your house to get your car, providing they know where you live, and they can repo your car for the company and take it off the reservation). Do not be fooled as "they" will also lie to you and offer to set up payments and send someone to your house to do an inspection and have you sign a new contract. They are lying to you! Just to get a physical address.
I loaned a person money and they have not paid me back. My contract says if she does not pay I can take the car within 90 days of non payment. It has been 5 months. Can I hire a repo man or do I need to go through the courts.
Depends on how well you hide it.
First of all, It depends on the bank, Second, Hell yes I'll take your stuff and make you pay to get it back, 3rd, this reservation crap is just that, I go onto em all the time. I will get your car eventually, and it is a FELONY to keep a repo man from accessing your car in California, same for whoever hides it for you. Welcome to hell, Make your payments.