if you keep for only a small period its ok but if you keep it for months that probably isn't the best
If you keep on missing payments on your auto loan, there is a high chance that the vehicle may be repossessed by the bank.
Yes.
Definitely !
keep up your payments
If you do not want your car repossessed, then you need to keep up with the payments on your car. If you are behind on payments, then your car could be taken away from you legally.
Car payments can affect credit scores positively if they are made on time and in full, showing responsible borrowing behavior. However, missing payments or defaulting on a car loan can lower a credit score significantly.
The person/company that sold the car wants their money. They don't care who pays it, as long as it gets paid. Condolences for the loss of your husband, but you get to keep the car as long as you keep making payments.
The car will most likely be repossessed unless you make up the missing payments and penalties.
The loan company takes the car. You loose it unless you make up the missing payments and pay the fees.
You can pay it off and sell it, or you can get it fixed, or you can just let it sit there and keep making payments on a car you can't use.
you can only reposses a car that has out standing payments. unless you are involved in crime and have profited through illegal activities then both cars can be repossesed.however if you have only defaulted payments on one car then your other car is safe.
no its not!! it is technically your car so you can pull it out but you still have to make the monthly payments! you can't pull the engine out of a leased car though!!