answersLogoWhite

0

If you do not make car payments you will default on your loan or lease. It will ruin your credit and end up with a repossession.

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

Can you return your car and have no consequences?

If you're making payments you signed a contract. When you return your car you've broken your contract. Yes there is consequences when you break a contract.


What are the consequences if a person quits making payments and the car is in your name?

If your name is the borrower name and someone else is making payments and they suddenly stop; then the car will eventually get repoed and it will show on your credit report.


Making car payments can your car be repo?

If your paying for the car, they cannot!


If your car is in the shop but you are still making payments can they repo the car?

Not as long as the payments are current and have remained so.


Is it illegal to sell a car when your still making payments on finance?

No its perfectly legal and if you are still making payments on it, that increases values.


If you own your car or house and are no longer making payments should you still have insurance on them?

If you own your car or house and are no longer making payments, should you still have insurance on them? Explain why or why not.


If you are making payments to the bank for your car does the bank have your car title?

no,you should have title.


Is it illegal to take a car out of state when you are still making payments on it?

Not as long as you continue to make payments on it.


Can your car be repossessed if it was in an accident and nearly totaled?

If you weren't making your payments yes. It would only be repossessed if you weren't making your payments.


You stop making payments and they come get the car can they take you to jail for not making the payments?

No, once the car is repossed by the seller, you will not be arrested but the company will often resale the car at auction and can sue you for the remainder of what you owe including interest.


Would your car dealer have you locked up for not making payments?

No, they'd repossess your car.


Can a finance company repossess your car when you lose your job?

Only if you stopped making payments and are behind on your on your payments.

Trending Questions
What is the punishment for a verbal threat in Canada? Is it illegal to warn someone of the location of the police officer? How do you take action to ensure that post meeting actions are completed? What was the issue of law being decided in the Terry v. Ohio case? Can an executor take ownership of estate property if it was supposed to be divided among beneficiaries? Is threatening to kill oneself a crime? Should people who illegally download movies or music be prosecuted for theft? I collect Social Security and have a child under the age of 18 years may he get Child support through Socoial Security Department on your behalf? Where turbary rights have been established but not used for some years now someone else is cutting turf on this piece of bog what are your rights? Can you marry someone else if a judge hasn't signed divorce papers in another state? In AZ - how do you stop auto payroll deductions for child support when the child is no longer a minor? Can an employer deny time off if you have appointments to obtain treatment for a serious illness? What are the benefits from soleproprietership partnership and corportations? Can you shoot bb guns in the city of Spokane? What are the examples for real and virtual images? What is the difference between a covenant and a promise? What are the rules for employers and how much are jurors paid for jury duty? Which previous case led to product tampering becoming a crime that falls under FBI jurisdiction? What happens if your on parole get caught past curfew and get caught with a sword in your vehicle on a routine traffic stop? Do you need a CDL to drive 14000 pounds truck with air brakes pulling 11000 pounds trailer?