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How many months can you be behind on a payment before the repo?

In: Repossession [Edit categories]

Answer:

That would depend entirely on the financing institution or an agreement between them and you at the time of financing. If you are fearing repossession, get in touch with your financier and let them knw you are in arrears and explain why. Work out some kind of extension or payback plan. The financial institution would rather have your money than your vehicle. But if you don't get in touch with them, their obvious thought is that you don't plan on paying and will send the repo man after the vehicle.

First answer by Hiramito. Last edit by Hiramito. Contributor trust: 756 [recommend contributor ]. Question popularity: 1 [recommend question].

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