You loose your car...
You end up with HORRIBLE credit if you don't pay your bills and you let your possessions get repossessed.
Normally your credit is ruined for 7 years.
You will also be liable for any deficiency balance
then you go and kick that person and repposses that car.... They call cops and you ignore those guys....
Your car was probably repossessed by the lender who owns the car until you pay for it. Call your lender and they will be able to tell you how to locate your repossessed car.
Unless you contact the bank and work out a solution, they will sell the car. You will then be liable for the difference in what the car sells for and the balance on the note.
No, but your car can be repossessed if you don't make the payments.
No, a car can not be repossessed due to having no registration. A car can be repossessed for non payment. The police can have a car towed to an impound lot if there is no registration.
The car will most likely be repossessed unless you make up the missing payments and penalties.
Same thing that happens to the buyer. Lender persues their legal options to collect the balance due.