How soon can a car be repossessed?

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Your contract most likely states that the lender can demand payment in full at anytime. This means they can repossess the vehicle after demanding you pay it off. If you are 5 days late, they could repossess it. There is no legal requirement for the lender to wait any amount of time before taking your vehicle.

First answer by ID0000000000. Last edit by ID0000000000. Question popularity: 217 [recommend question].

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