In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

I am 4 weeks late and the finance company said they were going to repo my car if I didn%26#039;t pay by 11am today? Is that normal? Or were they lying to put a scare to force me to pay? I know most finance company will repo after being late 2 mths. Well anyone with info I would appreciate it. Thanks everyone.

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

Actually you have to be 90 days late for the lender to repo your vehicle.

They are trying to scare you and with good reason, you are at the 30 days late point which they do not want to report on your credit because it will not only lower your score but will make it harder for you to get approved next time.

You should call them and make arrangements to make the payment and ask them not to report the payment as late.

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

Depends on the company. I%26#039;d take the threat seriously if it means losing your car. Technically, once you%26#039;re late- you%26#039;re late. They may give you a grace period as a COURTESY, but it is definately not required. Thety have every right to pick that car up when they havent been paid on time. I%26#039;m sure you%26#039;ve signed paperwork saying they can- wether you know it or not. Pay your bills on time just to be safe.

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

Legally they can take the car after you are five (5) days late so they have already cut you all the slack they plan too. You need to make arrangements to pay by their deadline now.

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

You know all of that fine print you signed when you took out your loan? Read it. I could give you a loan and in the fine print it could say that if you are ever a day late, that I could repo the vehilcle. It%26#039;s impractical, but possible.

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

to answer the ? yes they can repo the car if you are a day late on the payment but most finace companys will wait aleast 3 mounths before they will put thorder out for a repo

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

in arizona no idea. but in ca 2 late payments and you will need to park the car a few blocks away from your house if you dont want to walk or use public transportation..

In Arizona, How late can you be on a car payment before the lender would reposess the vehicle?

Since you are wondering whether it is %26quot;normal%26quot; for someone who lent you money to repossess the collateral on a loan you are not repaying, perhaps you need to reassess your priorities. Pay your bills and these types of tough questions mysteriously go away.