I don't know in other countries, but from where I came from, if we can pay our car lease or mortgage for 3 months straight, the bank will take our car or house, but you need to remember that we already paid some of the installment, and we will not get that money back, so we definitely loss some money. And not only that will also reduce our credit score, and it will make us difficult to get another loan, mortgages, or car lease in the future.
And also the Bank will terrorize us with their collectors staff from the first month we miss our payment.
I don't understand. You mentioned that if someone can pay their car lease or mortgage for three consecutive months, their car can still be taken away. Is that really true, even if they can afford it? This seems like something that should be considered illegal. Or did you make a typo?