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What are the consequences of voluntarily repossessing a car after having it for 6 months?
Wiki User
∙ 18y ago
Credit will be ruined for 7 years. You will also pay the difference in what the lender sells the car for and the balance on the note, and possibly the repossession fees. Avoid this if at all possible. Talk to the lender and see if you can work this out.
Wiki User
∙ 18y ago
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HSBC Auto Finance was supposed to take my car- it's been 4 months. When should they come and get it from me?
Is this a voluntarily repo are you owe 4 months of payment?
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