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Some places have the ability to take your car away if you don't pay car lot fees if you are trying to sell your car on their lot. If you didn't sign a contract through them, then they can't repo your car. They will most likely tow your car off the lot and you have to pay expenses on it. If you signed a contract where you must leave your vehicle on the lot for certain amount of days or months then yes they might be able to repo your vehicle if it states in the contract they can.
If you are not on a contract of any kind then no they can not repo your car. They will instead tow your car off the lot.
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Can a buy here pay here auto dealer repo your car if it is less than 30 days late on a payment?
Read the contract you signed. They very well may be able to repossess the car if you are 30 days late. Depends on the contract and your state laws. Legally you have defaulted on the agreement if you are 1 day late.
After repossession does a car dealer have to wait before they can sell your car.?
IT DEPENDS IF IT IS BUY HERE PAY HERE OR A BANK REPO BANK REPOS YOU HAVE 15 DAYS TO PAY THE CAR OFF IN FULL AND 30-60 DAYS TO RETRIVE YOU BELONGINGS OUT OF THE CAR. BUY HERE PAY HERE LOT WILL GIVE YOU YOUR CAR BACK AS LONG AS YOU PAY THE REPO CHARGE AND YOUR BACK PAYMENTS
Can a buy here pay here car be repossessed?
Even though it is a buy here pay here dealer it is in the contract you signed. You dont pay they will take your car and you WILL have to pay the late payments on top of the repo cost before you get your car returned.
How long can a buy here pay here dealer hold your car after repo?
A car dealer can hold a repo as long as he is the lien holder on the title.
Can a buy here pay here car dealer repo vehicles because they are going out of business?
I do not believe that they can do that, as long as your payments are current.
How many days can you be late on car payments before repossession?
take a look at your contract, I've heard you can only be 1 day late. Also keep in mind that you can only be late 2 times or they come and get your car.If You're Behind On Your Car Payment, Facing Auto Repossession "Repo", Trying To Sell Your Car, No Title... CAR DEBT SOLUTIONS WILL BUY YOUR CAR TODAY!! Don't Wait Until It's Too Late and Your Car Get Taken Call Us and We Will Buy it Today For Cash...
How long overdue until your vehicle can be repossessed?
Technically the car can be repossessed when your loan becomes 30 days late. The industry standard is to start looking for the car after 90 days. This is for large banks. If you purchase a car at a 'buy here pay here' lot, they WILL take the car on the 31'st day.
How long does a buy here pay here take to get a car repossessed?
Every company is different..collections start the minute a payment goes past due. Usually the repo starts after 3 pmts are due maybe sooner if there are no communications with the customer or maybe later if someone has managed to stall off the repo.
Do they have to offer you a buy back option when they repo your car?
yes and no. If they let you pay the late charges to get your car back, then you should be able to go back to your orginial agreement. I would think.
When is a good time to get repo boats for sale?
There are many of repo boats available at any time. There is not a specific time that is better than others to buy a repo boat.
Can you buy a car if you already have a repo on your credit?
Pay with cash.
Would a repo car be towed by not for hire tow truck?
Only if that tow truck was operated by the lienholder, and used exclusively for their purposes (e.g., a 'buy here pay here' car lot which towed only their own vehicles).
