I certify that I, or the firm, company, or corporation I am authorized to represent, am the legal owner within the meaning of California Vehicle Code. The total processing time for a company application is approximately 4 months provided the application is complete and contains no deficiencies.Repossession is lawful only when the written contract for the purchase or lease of the vehicle states that the creditor has the right to repossess the vehicle. Our consumer protection lawyer in Los Angeles answer the most common questions. Fill out the contact form or call us at (800) 520-4525 to schedule your free consultation. Upon filing, you will fill out a form titled the Statement of Intention for Individuals Filing Under Chapter 7. Within a few days you should get a Notice of Intent to Sell Repossessed Vehicle in the mail. This is sometimes called an "NOI. In addition to this form, the dealer is still responsible for completing and filing the Wholesale Report of Sale. Question: How long does it take for an auto lender to repossess a vehicle after missed payment or defaulting on contract terms?