Can a bank or loan company repossess vehicle if you are not 30 days late on the loan?

Generally, no. In most jurisdictions, a lender can only repossess a vehicle if the borrower is in default on the loan, which typically means that the borrower has missed at least one monthly payment. However, there may be some exceptions to this rule. For example, some loan agreements may allow the lender to repossess the vehicle if the borrower fails to maintain insurance or if the vehicle is damaged or destroyed. It's important to read the terms of your loan agreement carefully to understand the specific conditions under which the lender can repossess your vehicle.