Usually there is a grace period for late payments; however it is not a requirement.
60 days
no they can't
It is done in time not money i.e. days late.Generally 30-45 days late triggers a repo but they can repo after one day late.
You pay the LENDER what you are behind and the repo fee and go get it.
if you are late 15 days on your payment they can take your car away.
The length of time that a car payment can be late without being repossessed will depend on the bank or car dealers agreements. Payments made after a month may be in jeopardy of being repossessed.
Theoretically, a car can be repossessed after 1 day of being late with payments. In practice, most banks don't take action until 60 or 90 days.
The lender CAN repo when you are 1 (one) day late.
Apparently they can my car was repo'd yesturday after being late 1 month
Read your contract. It likely says the lender can repo anytime you are in DEFAULT. Two weeks late is unusual, but they could repo when you are 1 day late.
It looks borderline MEAN, but if you were late, you were in DEFAULT and the lender has the right to repo when you're in default. Some lenders (BHPH lots) are MORE aggressive in their repo policies that others.