for not doing my payments would i be able to get my car backif i pay them or would i loose my car im behind 3 payments
2007-02-02 14:20:57 · 14 answers · asked by judy d 1 in Politics & Government ➔ Law Enforcement & Police
That's strictly between you and the lender/lien holder. If they hook your car It's called a repossession and effects your credit report negatively. ~
2007-02-02 14:23:43 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You will have a period of time to pay all of the car loan, not just the behind payments, so if you owe10,000 on it you have to pay the amount in full plus charges for repo
2007-02-03 11:28:52 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If your car is repossessed by a lender you may retrieve it by paying all back taxes and penalties. You may also be required to renegotiate the contract to a higher interest rate. If you wait too long the lender will sell the car at auction to cover his costs and the outstanding loan amount. Any money over that is given to you. If the sale does not cover his costs plus the loan amount the lender may decide to try and get the difference from you in court.
2007-02-02 22:24:51 · answer #3 · answered by thexrayboy 3 · 0⤊ 0⤋
It depends on the lender, but usually you cannot get the car back once it is repossessed. Sell it and pay back the loan if at all possible. That will save your credit. You can also call a non-profit consumer credit counseling office and talk with them. They can often help you get your bills straightened out and delay repo for a short time.
2007-02-02 22:36:25 · answer #4 · answered by Medical Disaster 3 · 0⤊ 0⤋
My husband had he truck taken......he was more than 3 payments behind grr (this was before we were married) It was a pain in the """ to get back......First you have to bring the account up to date, then you get charged a repo fee which also has to be paid it's around 300.00......then you'll get your car back.......PLEASE call the bank and set up a payment plan before they repo .......hopefully, they'll work with you........good luck
2007-02-02 22:26:40 · answer #5 · answered by nemofish 4 · 0⤊ 0⤋
take your car for good and pay lot of extra payments if u want it back
2007-02-02 22:23:35 · answer #6 · answered by pirateron 5 · 0⤊ 0⤋
If your car is reposessed, you will have to contact the finance co.,make up your back payments & pay the tow co. for towing & storage before they will release it to you.
If you don't get it back, you'll still be liable for the difference between what you owe on it & what the finance co. sells it for.
It's cheaper to make up your payments.
2007-02-02 22:27:04 · answer #7 · answered by momv 2 · 0⤊ 0⤋
you have to pay all three payments plus the toeing cost plus the cost for taking it from where its been toed to I say its probably cheaper to forget about the car lol but you cant do it eventually you will have to pay for it good luck â¥
2007-02-02 22:24:39 · answer #8 · answered by Heather 3 · 0⤊ 0⤋
Yep, depends on the lender. And how quick you're able to pay. If not right away, then they will prob send the car to auction.
2007-02-02 22:24:53 · answer #9 · answered by Christine M 2 · 0⤊ 0⤋
get caught up on payment or use l.p.c's(leather personnel carriers)n because one you loose it they will probably sell it to recoup there looses!
2007-02-02 22:27:21 · answer #10 · answered by no one here gets out alive 6 · 0⤊ 0⤋