RepossessionsUnder Mississippi law, if you are behind on your automobile payment, the bank can repossess your automobile at any time, without having to get a court order, and without having to notify you at all. However, the bank does have to wait 10 days before they can sell your automobile. Therefore, you need to call right away if you are behind on your automobile payment or if your automobile has been respossessed. The sooner you call, the better your chances are of saving your automobile.