Can a finace company repo you rcar if you are not 30 days belatedly on your compensation?
Answers: Auto finance is what I do for a living and it all depends on whats within their terms and conditions.
Most major lenders do not even start repossession proceedings until culture are 90-days past due, but if the terms and conditions state otherwise they can do doesn`t matter what they want.
Finance companies don't want your car, they want money. Typically they wont even consider it until you are 90+ days behind. The one highest exception I have seen is if you are file bankruptcy, then they exercise their self-help option and move forward with repossession, more to protect their interests and an attempt to get a ruin filer to reaffirm the debt.
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