miss a couple of car payments and you will find out!
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Typically a person is given three months or approximately 90 days to miss car payments before a car is subject to repossession. Usually the bank or credit union that issued the loan will call to try and arrange payments with the car owner.
Depends on your finance agreement. Most say that after you miss a payment it can be repo'd. There really is no state mandated time limit before repossession can occur. Best thing to do is make your payments and that way you don't have to worry about it.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Depends on the lender. Legally, one!
Not sure the case in Oregon, but usually after 3 missed payments, the foreclosure proceedings start.
once you are 90 days down they can start with a foreclosure.
If it is not specified in the contract then it is likely at the descretion of the lender.
Different places can have various restrictions when it comes to foreclosure. However, in Florida you can miss 3 payments and then the foreclosure will start.
It depends on the terms of the contract. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle. Remember it is not your car until you pay for it. It belongs to the lender.