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How much time before the creditor can sell a reopsessed vehicle?
Wiki User
∙ 13y ago
depends on your state. Generally, 10 days.
Wiki User
∙ 13y ago
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how much time can go by before a car can be repo?
How long you can go before your car is repossessed depends on several things. Generally, as soon as you default on your note, your creditor can "repo" your vehicle. The definition of default may depend on your loan contract, but usually just missing one payment can qualify. It is best to communicate with your creditor before you miss a payment to work out other terms, and avoid having your vehicle taken from you.
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How much was the car worth before it was damaged? These are not reasonable questions. How much the car is worth totalled depends on what kind of vehicle it is, how old the vehicle is, how much damage is done, what parts are salvageable, is the engine still good, how many miles are on it, and lots of other factors might come into figuring the value of the damaged vehicle. There is no single number that allows you to say a totalled vehicle is worth $100 or $1000 or $10,000. I hope you understand my meaning and also take it that I'm not being condescending in telling you this.
