Arizona Auto Repossesion Law?

Question

Can my Car , Will my car be repossesed if my payment is two weeks late. Its a 5 year loan and have paid ON time for the last 3 years.

Answer 1

really what he said.. anytime your late they can come and get it but like what he said most dont want the car they want the money.... just pay it

Answer 2

well, yes and no.  If you bought from a major dealer say ford, honda, GM, then no.  your car will be repossessed after 3 missed payments.  if you bought your car from a by-here-pay-here lot, then yes it could be, they have their own rules of operation.

Answer 3

It all depends on what is stated in your contract. There may or may not be a grace period. It doesn't matter how many payments have been on time, all it takes is for you to be late ONCE.