I think it varies on how long and who the finance company is but the last time I made a payment on my truck was November of 2007 and its January of 2009 and im sill driving it
The cosigner becomes the target next. If you default, it is up to the cosigner to pay the bill or both of your credits are ruined and the bank takes their usual steps to repossess a vehicle.
Once the loan is in default the bank has the right to refuse payment and repossess the vehicle.
The bank can repossess the car if payments are not made.
Not IF you reaffirmed the loan with the creditor.
Yes, the bank has the right to repossess the vehicle if you are in arrears on payments.
If the bank has an order from a judge to liquidate or surrender property to satisfy a judgment, then yes, they may.
Your driver's license is an instrument issued to you individually by your state government. Your bank has no bearing in its status. What your bank has is a lien to your vehicle which essentially means that upon your failure to pay, they have the right to repossess the vehicle and sell it to recover the money that they are owed. So while your registration won't be suspended, your bank may send a tow truck to repossess your vehicle.
The bank can repossess their (not 'your' vehicle until you possess the pink slip) vehicle at any point where it's accessible to them, including places of business.
YES
The bank that you have the loan with hires repo men to repossess the vehicle
Yes, the bank must tell you that your vehicle is being repossessed. The bank will usually try to reconcile the debt before the repossession takes place.
Read your contract. Likely the answer is YES. As long as you are in DEFAULT, they can repo.