In California, the right to reinstate your contract is conditional. The financial institution only has to give the right of reinstatement once every twelve months and only twice during the course of the loan. This means, if your vehicle is repossessed more than twice, the lender does not have to give you a third chance to reinstate. However, the specifics of your situation can vary, so it's important to consult with a legal professional if you find yourself in this situation.