Leaderboard
Wiki User
Answered 2007-09-05 01:35:34
If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.
If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.
Wiki User
Answered 2007-09-05 01:35:34
If you have missed 1 payment, it may be in danger of being repossessed. Depends on the agreement you signed when you borrowed the money to buy your car. Read the agreement you signed. If you have missed 2 payments you can be sure repossession is a distinct possibility. If you have missed 3 payments, they are more likely than not looking for your car right now. Do not allow your car to be repossessed. Once they repossess your car they will sell it for what they can get. Usually less than it is worth. You will then be responsible for the difference in what it sells for and the balance on the loan. You may also be required to pay the repo fees. Your credit will be ruined for 7 years. Talk to the lender and work something out. They do not want to repossess your car, but you will force them to do so, if you do nothing.
Your Answer
Still Have Questions?
Related Questions
What if you are getting your car repoed but you dont have the car?
Then tell the Repossession agents where it is and who has it.
Can you get charged with stealing a car when it's getting repoed?
Yes.
Can your car get repoed for getting a DUI?
Repossessed no. Confiscated yes.
How do you find out where your repossessed car is so you can get your belongings out?
CALL the LENDER who had it repoed. they know where it is.
Can a car be repossessed before the end of the business day?
dont see why not. I've repoed a car within a hour of getting the assignment.
How can you avoid getting your car repoed if you cant make your payments?
keep it into a garage or on a friends property, not a relatives
When the car is BACK in your possession and there are flaws who is responsible for getting them repaired if they were working when it was repoed?
depends on what you're talking about
Can you get your wheels back if car was repoed?
No As far as finance company is concerned the car came with wheels, it has wheels on it when repoed. Done deal.
If a car is repossessed in Florida how do you go about getting the car back?
In ANY state, the FIRST call should be to the LENDER. They had it repoed, they will determine how much and when you get it back.
My car was repoed can i file bankrupt and get it back?
NO.
What will happen to you if the repo man comes to get your car while you're traveling out of state?
1)he will take the car you left if that is the car to be repoed. 2)If you are traveling in the car to be repoed he will wait for you to return and repo it after you get back.
If your car is repoed can they charge you to get back you personal belongings?
no
How late can you be before a car is repoed?
3 months
Do repo papers have to be shown when your car is being repoed?
no
How can you get help writing petition for repossession of a vehicle?
not sure what your question is, BUT, if you want a car repoed and know the leinholder, CALL the lender.
What if your cosigner died and your car was repoed can you get it back without paying the price of the car?
NO
If a car is repoed can they repo your new car?
If you aren't paying for that car's payments then yes. The only reason why your car should be repoed it because the payments aren't being made on it. It doesnt matter if your car is from the 1940's or if you brought the car last month, the car can be repoed if you dont pay the payment for 2 or more months (consult dealership for it's repo rules).
Who is 1-855-677-8948?
arbitration, they tried to help me avoid getting my car repoed but they were not willing to work me much
Can they put you in jail if they repo your car?
NO, not for just being repoed.
Can a car be repoed after 7 years?
Even after 107 years.
What if your car gets repoed twice?
Then you should pay your bills.
Can repo men your other car to get to the other car?
I missed my payment on my jeep and they repoed my other car. Can they do that
Can your car be repo'ed if you have the title?
IF your vehicle is collateral for loan in DEFAULT, it CAN be repoed.
Your car is not on record as having been repoed?
there is no reason for it to be on record, if you are a buyer
Car was charged off and repoed will you still have to pay the loan?
Yes.
