Comments on: How soon can my car be reposessed?

By: italy_coolfun

italy_coolfun — Tue, 21 Apr 2009 12:51:03 +0000

You usually have to miss 3 payments before they come and repo it.

By: bobolow7

bobolow7 — Mon, 20 Apr 2009 08:27:01 +0000

If it your first missed payment they will not repo the car. You have to miss three payments in a row for them to legally repossess it, but by missing payments it will hurt your credit score.

By: shayshay7000

shayshay7000 — Sat, 18 Apr 2009 12:12:55 +0000

It usually takes being late 3 months.

By: LexusNoir

LexusNoir — Wed, 15 Apr 2009 18:31:10 +0000

No one wants to reposses your car, typically 90 days late is repo time it will still all vary on the company. If you can’t make your payment make arrangements with them. They loose money on repos….they’d rather you pay the note even if it’s late or partial.

Also some finance companies will let you push a payment to the back (i.e. skip a month) if you’re under financial stress.

Call and ask. Especially if you’ve never been late before. They’ll work with you.

By: ccourier512002

ccourier512002 — Mon, 13 Apr 2009 16:03:59 +0000

You do not say in your question if you have made a effect to contact your company to tell them about your situation. If you have not called them you should and tell them what is going on. Then i would think that they will work with you.

By: James Y

James Y — Fri, 10 Apr 2009 07:57:36 +0000

each lender is different, but usually, you have to be about 90 days late on your payment for repo.

if you make your payment within 30 days of the due date, it probably won’t even make it in your credit report.

i would still call the lender and let them know that your payment is gonna be late.

By: luv my animals

luv my animals — Fri, 10 Apr 2009 06:23:39 +0000

Most of the time you have to be 3 months late before it will get repossessed. they may call and bug you if you go to long without making a payment. Just make it as soon as possible. It may even be a good idea to call and tell them you know your late but you had an emergency but you will pay the hole amount due on such and such date.

By: Squat1

Squat1 — Fri, 10 Apr 2009 05:33:31 +0000

Call your finance Company and explain exactly what you stated above.

They will probably work with you.

By: angel01

angel01 — Mon, 06 Apr 2009 18:19:32 +0000

it’ll take over 3 months before they reposess your car. no need to worry. i couldn’t pay mine for 3 months…thats how i know

By: 0mni7r0n

0mni7r0n — Sat, 04 Apr 2009 00:36:18 +0000

unless you receive a final notice of delinquency on the car, then you don’t have to worry much. but you need to pay the late payment.