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The contract will be in default and the lender may take steps to recover the debt owed.In such a case it is unlikely that the lender would repossess the vehicle. It would be in the best interest of the borrower to contact the lender before the due date and try to extend or refinance the loan.

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Q: My car's final payment is due on Jan 31st of this year what happens if I am unable to come up with the 1700 that is remaining by that date?
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