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It is entirely up to your lender, talk to them, most really don't want the metal (car) and would rather keep you paying even if it means modifying the loan.

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12y ago

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Related Questions

Can you get a personal loan after a car repossession?

You might be able to get a personal loan after a car repossession. However, you would get the loan at a very high interest rate one the repossession is on your credit report.


Can you get a loan modification on your car?

Car loan modification is one such option to avoid repossession of your car. So what happens here.... the service provider(loan modifier) studies your loan history and they directly deal with the lender and they modify your car loan .... meaning they help you in Reducing payments and keep your car, boat, SUV or truck.


How can you modify a car loan?

Call them and ask them to help you modify your loan. Call them and ask them to help you modify your loan.


How long after repossession can you get a car loan?

The repossession stays on your credit report for 7 years.


Can they repossession your car from a title loan?

Yes. They can! The car is their equity basically!


Can you got to jail for keeping a car from a title loan repossession?

yes you can


Can you get a car loan with a co-signer if you have a repo on your credit?

You should be able to get a car loan with a qualified cosigner. Even with a repossession on your credit you should be able to finance a car loan.


How do you use your car towing packages with your loan?

Generally, I can't think if any way that your towing coverage would have anything to do with you auto loan. If your vehicle was repossessed and charged your account for the cost of repossession your auto policies towing and labor coverage would not cover this cost.


Can you go to jail if you hide your car from the repo man in Wisconsin?

It is possible; Wisconsin is a self-help repossession state. Hiding the vehicle is called hindering repossession and is comparable to auto theft. When you purchase a car by loan, you do not technically own the car outright. You own it cooperatively with the loan provider. When you default on your loan, you give up the rights you had to the vehicle, and via lien law, the loan provider now owns the vehicle. Therefore it is not yours to hide.


You brought your car in mn and signed the contract in mn. however the car is titled in wi which state law apply to your car repossession?

MOST auto loan contracts give the right to determine which state laws govern to the LENDER.


How do I find a calculator for car loan payments?

If your looking for an auto loan calculator, Bankrate is a great place to start. They provide car loan and auto loan calculators to help with your buying decision. http://www.bankrate.com/calculators/auto/auto-loan-calculator.aspx


What kind of loan is an auto loan?

An auto loan is a secured loan. A lien on the car helps the lessen the risk for the lender.