After how many months is a car repoed?
It depends on the specific terms of the loan agreement between the borrower and the lender. Typically, a car may be repossessed after the borrower has missed a certain number of consecutive monthly payments, which is usually between 2 and 4 months. However, some loan agreements may allow for a longer grace period before repossession, while others may be stricter and allow repossession after just one missed payment. It is important for borrowers to carefully review and understand the terms of their loan agreement to be aware of the potential consequences of missing payments.