how many missed payments before get your car repossesed?
610277
Once gives the lender the right to repossess.\n\nCheck out the fine print at my source site.
743611
Rather you just give it back or they come and take it, yes you will have a repo on your credit. They will resell the car and you will owe the difference in what they sell the car for and what you owe on it. Your credit will be in a mess for seven years. A repo looks very bad, worse then a collection or charge off. I would call them and see if they will work out a payment plan with you to get caught up. Maybe you could try to sell it. You are running out of time if you are already three months behind. They will be coming after you for the car soon....If you wouldn't have let yourself get three months behind, you could have refinanced the car and gotten a lower payment.
779408
My car was just stolen too. I had to pay the motherfuckers 650.00. which is total bullshit. Anyways call the :THE VINE. Its a victims line. They may be able to help you out. I went out to get my car 4 times before they would let it go. Because it was out of my county, I had to get 2 releases which didn't cost anything. It was more of a pain than anything. Meanwhile my car sat stripped . Not to mention the tow company took my battery and a few other items. So the faster you get the money the better. But do try the vine. Best of luck I feel for you.
157750
Get a credit report....If it is not on it , it was probably paid off
717902
Well, that all depends on whether or not the bank that repo'd the car was able to collect the total outstanding balance after selling the car. If not, you have an outstanding debt still on your credit, and it will be there indefinitely, despite what some people may tell you. Yeah, it technically will come off after 7 years, but if you ever go to get a mortgage or other large loan, they're going to see that you have that still outstanding. Good luck getting a bank to look the other way on something like that...
498208
There are laws concerning repossesing vehicle, but the laws generally deal with who can do the repo-ing and when they do they have to report it to the police. (This varies by state, check your local laws to be sure.)\n\nAs far as when the company can reposses, you will have to refer to your contract. Most auto finance contracts state specifically when collection and/or recovery efforts can take place.\n\nMost contracts state that when you are late (even 1 day), you are in default (you didn't hold up your end of the bargain). Most of the time, any time you are in default, the company reserves the right to recover the vehicle. This is a very good reason to READ THE CONTRACT BEFORE YOU SIGN IT.\n\nThe good news is that the finance company really doesn't want your vehicle, so they will work with you, most of the time, to resolve defaults. Most finance companies offer "skip a payment" plans, or something to that effect so that if you know you are going to have a problem with one payment, you can call them up and ask to put that payment at the end of the contract (this will cost you more in interest).\n\nI would guess that if you are current on your payments, they will not come and take your car. But, you could always call and ask them to be sure.
856619
Contact the business which loaned you money for the car.  What probably happened is:  you turned the car in to them....they sold it....the amount of the sale did not cover your loan amount... you now owe the difference (called a deficiency balance).\n\nMake arrangements to pay it... and any other debts that you've decided not to pay.  Grow up....fix your own credit.... you and you alone are responsible for it.  You can pay a company to "fix" it for you, but it won't be fixed and you will then owe THEM money.\n\nIf you've been turned down for a loan, go back to that loan officer and ask her how you can become more eligible for a loan.  Follow her advice exactly.
486678
SINCE THIS WAS 1ST PARTY COLLECTIONS THERE IS PRETTY MUCH NOTHING YOU CAN DO ABOUT IT.  THE FDCPA ONLY COVERS 3RD PARTY COLLECTIONS, AND THIS WOULD BE 1ST PARTY.\n\nTHERE ARE REALLY NO LAWS COVERING 1ST PARTY COLLECTIONS, SO, YOU ARE OUT OF LUCK.\n\nWHY WOULD THEY HAVE ASKED FOR THE TITLE TO THE CAR, THEY SHOULD ALREADY HAVE IT IF THEY WERE THE LIEN HOLDER ON THE CAR.  WAS IT A SIGNATURE LOAN OR DID YOU USE THE CAR AS COLLATERAL ON THE LOAN.  YOU SHOULD NOT HAVE HAD THE TITLE.  YOU DO REALIZE THAT EVEN THOUGH YOU GAVE THE CAR BACK IT IS STILL GOING TO SHOW AS A "VOLUNTARY REPOSSESSION" ON YOUR CREDIT.\n\nGOD LUCK!
580557
NONE , THE MOMENT YOU DRIVE OFF THE LOT THE CAR BEGINS TO LOOSE VALUE\n\nTHE DEALER OR SELLER WONT TAKE IT BACK \nAND WHATEVER CONTRACT YOU SIGNED IS LEGALLY BINDING\n\nYOU WILL HAVE TO SELL IT YOURSELF BUT YOU WILL GET A LOT LESS THAN YOU PAID FOR IT(EVEN IF YOU ONLY DROVE IT ONE MILE)\n\n\nGOOD LUCK \n\n\n\n\nTHINK BEFORE YOU ACT
603805
Account goes delinquent and the lender decides that the borrower will not pay, so they engage a recovery agent to repossess their collateral.  The timeframes for notice are state specific, but usually 20 days notice is required.  Once the lender has repossessed the collateral they will allow you to retrieve your personal possessions and give you written notice of the amount required to retire the debt.  You MAY be able to bring the account current, pay the recovery and storage expenses and get the car back, but it's up to the lender...they can require you to pay the entire balance.  After the required time period, often as little as 10 days, the lender will sell the collateral, usually at a dealer auction.  After the sale amount is applied to your balance, the lender will notify you in writing about any deficiency balance owed.  There is almost ALWAYS a deficiency balance.  You will have time to pay the balance in full or make payment arrangements.  If you don't pay or make arrangements, the lender may file a judgment against you.  Depending on your state of residence, they may try to garnish your wages.  At any rate the repossession will be on your credit report for 7 years.
713780
Check your contract. Legally they may repossess it one day following a missed payment. However, many contracts specify 30 days.\n\nEven so, many lenders do not repossess that quickly, especially if you call and ask them to work with you to get caught up.
1080780
It's true. When I got my first vehicle I was approved for 12%apr and was more than happy with my car. Soon I was late on one of my payment and my APR jumped 23%!!!. The company ripped me off and eventually I let the car go back after the engine cracked. Don't worry about your credit though, It's only a number, and you need to not get stressed over it. Do what I do, buy it in cash!
1031033
First the many letters and statements showing you owed them money is a good start that you had some warning and should know something was going to happen.\n\nSo yes there was plenty of notice, it was called you knowing that you were not paying for it.\n\nNext it is often very dangerous to let people know you are going to repo thier auto, most try to physcially stop the repo man or hide the car and worst.\n\nSo yes you should have known they were going to repo, not an official notice but come on, what do you think they were going to do.\n\nAnd why are you mad and wanting to find something on a company doing thier job because you failed to pay for the truck like you promised.\n\nIt is your fault and you are bad at them?????
784550
If the dealership actually accepted the car as a return...NO\n\n\nIf the dealer didn't notify them and "pay off" the loan, yes they will call and ask why you haven't paid  but once you tell them you returned the car and was released from the loan, they will contact the dealer.\n\nI would call the dealer and ask just what the heck they think they are doing.\n\nSounds like a pissy pouting company that lost a sale with a lemon and wants to stick the screws to you a little, cause you a little trouble.\n\nThere is also a law called the 30 day "lemon law".....this car sounds like it would invoke that law.\n\n==============
2762
Whatever you do, don't let it get reposessed. Try to sell it for whatever is left to be paid  on the car finance agreement or check with the dealer if you find someone to take over payments.
772467
That's tough, I'm sorry.  \n\nThey should have contacted you prior to auctioning the car off.  They are also to  send you a notice telling you how much the car was auctioned for and how much you owe after the auction.  I'd request proof that they sent you something.  Being a co-signer they can and will go after you just like they would do your mother.  I'd contact a lawyer and see what he/she says.  There may really be no way of getting out from under it.  Some people would suggest bankruptcy, I don't think you should have to go that extreme unless you have other things you need to get rid of.  How's your credit?  Is this car on it as a negative? Maybe you could get a loan to pay the car off, if this is possible ask the collection agency if they'd accept a settlement.  I'd offer a little over half of the balance.  That way this would be paid and you'd have a new positive account (bank loan) to help repair the damage that's been done by the repossessed car.\nGood Luck.
1015331
let's put it in perspective...unless you have 150000 just sitting around to buy the car straight up...it will be at least 3000 a month on a normal 60 month loan..not including insurance for it.  So unless you take home almost 6000 or plan on doing everything in that car (live, bathe, eat, etc.)  It's never going to happen.