If you mean how late do you have to be to get repossessed: Usually 3 months if you are financed through a bank or credit union and 1 week if you are financed through a buy-here pay-here. The banks...
There is a huge market for this because alot of people buy cars that they can not afford. Or they buy the car and due to certain curcumstances they are unable to pay for the car, but they continue to...
First off you will be required to pay the repossession fees unless you voluntarily turned the car in. Secondly you will be required to pay the deficiency. The deficiency is the difference in the...
ALL STATES HAVE LAWS ON THE BOOKS TO PROTECT "SECURED LENDERS". GENERALY MOST PEOPLE SURRENDER THE VEHICLE BEFORE "LEGAL" ACTION IS REQUIRED. IF YOUR LENDER IS MAKEING THE THREAT OF LEGAL ACTION, YOU...
You'll receive a notice if you fail to make payment, and they will come pick up your car. If what you owe is more than the car is worth, you will owe the difference.