answersLogoWhite

0

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.

User Avatar

Wiki User

17y ago

What else can I help you with?

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.


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


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


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.


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


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.


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.