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If you return the car not behind on payments is that still a repo?
Wiki User
∙ 10y ago
What you're describing is called a "voluntary repossession," and yes, it's still a repo. The advantage is that you avoid the repo fees ($350 is about average), because the lienholder doesn't have to hire someone to go out and take the car. But it will still show up on your credit.
You may, depending on how much you owe on the car and how much it's worth, do better by selling it. If you sell it, then you can use the proceeds (and possibly some of your own money) to pay off the loan, and your credit report will just reflect that the loan was paid off (in general, this is a good thing). This probably won't be an option if you owe a lot more on the car than what it's worth, though.
Wiki User
∙ 10y ago
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If you've been making monthly payments on your car and and you are still a month behind can they repo it?
As long as you are in default, they can repo. Try to catch up the month behind. Send $5.00-10.00, whatever.
You are making payments on your car but are behind. can they still repo your car?
Yes, they can. Consistent communication is the car-key to your vehicular retention.
Can westlake financial repo your car?
if you are behind on payments then yes they can
How many payments behind will Volkswagen repo your car for?
two
If you still owe on a car and it is totally destroyed in a wreck and you are behind in payments can they repo your house?
Heck NO. LOL they might want you to THINK that...
How far do you have to be behind on your payments to legally repo in Florida?
ONE day.
How far behind on a auto loan before they repo the auto?
3 payments
Can vehicle registration be denied if you are behind on payments?
The repo man will tell you that, but no it is not true.
If your car is in the shop but you are still making payments can they repo the car?
Not as long as the payments are current and have remained so.
Can they repo your car if you have fallen behind on payments because you lost your job and now on unemployment?
ABSOLUTELY
If primary borrower gets behind in payments can you repo car?
If "you" are the lienholder then yes. If you're not the lienholder or their authorized agent (e.g. a repo man working for them), then no.
How far do you have to be behind on your payments to legally repo in Michigan?
Legally, ONE day. As long as you are in DEFAULT of your contract, the lender CAN repo the collateral. Read the contract for more on DEFAULT.
