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Buying trailer paid half can they take back trailer if payments are late

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Call or talk to the seller. Maybe you can work out an agreement. If you don't call they have every right to assume you're not going to pay and they could start proceedings to take the trailer back. In the long run that's going to cost you even more

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Yes they can repossess for any unpaid amount and you lose what you have already paid :(

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If that's what was agreed upon, then yes.

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Offer up a good excuse and pay a late fee. They'll negotiate because that's why they sold it! :)

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Yes. Repo men will always win.

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After three payments behind yes. Did you contact them and try to resolve this?

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