If you are purchasing an automobile can the dealership file a warrant for your arrest if you miss a payment?
Depends on the contract you signed when you borrowed the money. With most lenders they can reposes their car if you miss one payment.
Usually you can miss one payment and they will just tack it on to the next months bill with penalty and late charges. If you continue to miss payments they will take your vehicle away from you and it ruins your credit.
NO, you know when your payment is due. It is listed on the contract you signed. Miss a payment and they can repossess your car then next day.
Possibly. It depends on what is written in the loan agreement you signed. Read it. They are not likely to repossess the car if you miss one payment. Miss two and they will be looking for it. How about calling the lender and talking about this face to face? Do not allow your car to be repossesed. You will regret this for at least 7 years.
First off it is not your car. The car belongs to the lender until you pay for it. Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Your car can be repossessed if you miss one payment. Not likely they would do that but it is possible.
Yes and some do.
It gets repossessed again.
The first time you miss a payment... you made a committment... does your word mean anything?
Legally if you miss 1 payment you are delinquent and they can start repossession proceedings on their vehicle.
Let's hope you live through it!