What is the california state law on repossession??
i have a guy friend who is 73 days late on his car payment. he thinks his car might get repossessed…he has spoken with his car place and he told them he will be paying the car in full next month but they told him they can not hold the account until he makes a payment of 500 he doesnt have 500 until next month. do you think his car will be repoed or do u think he has time. or what is the law on this.?

The answer is provided by :
cybersharque :
The law is simple: you miss a payment, they can take the car. Anything they give you is because they want to get paid and believe if they work with you, they will get paid.

But 73 days is 2 payments plus, and is usually enough to get the paperwork started to grab the car.