how many months can you get behind on car payments before repossion?

Question

i have been having trouble making my car payments. i have been over 30 days late once. i usually make my payments some late, but i wanted to know how long can you be late or how many months behind before they take your car?i am with honda financial and had the car two yrs.

Answer 1

There is no set formula as to when what happens. In reality, they could repossess the vehicle at midnight of the day the payment is due, but really that is the last thing they want to do. As long as you are communicating with them, letting them know when you are going to be late, and getting the payment (and any penalty for late payment) to them when you promised to do so, they will work with you.

But, get 90 days behind without saying anything to them, and don't return their calls, and some day soon your car will vanish.

Answer 2

sometimes - you are done in ONE

I would take out all personal effects - so if it goes - you still have them (in my state - they can sell them to make up for the lost payment)

so sorry

Answer 3

you will possibly desire to be apprehensive extra approximately your credit status. which would be far extra extreme priced to you than dropping your motor vehicle. in case you cant make the the money do away with it or refinance.