How far can you be behind on car note payments before they repo?
(2011-08-06 14:25:09) 1. Says: I'm behind on my car note by 1 month how far behind can you be before they start trying to repo your car I plan on paying on the 18th both last month and this month car note will they come take my car?2. Says: the biggest mistake people make is they fail to communicate with the lienholder, often times, a lienholder may work with you if you explain briefly the situation, you can ask for an interest only payment for 2 months, or let them know if there is a problem but you plan to catch up. Not calling is the worse thing to do, sometime they will work with you, sometimes they will not, but, if does not hurt to call and ask, because it may work in your favor, they dont want your car, all they are interested in is the money you garunteed in your contract.It can get repoed anytime after the due date, large lienholders like toyota financial may be three months behind on a repo, most other people are going to come pick the car up.3. Says: Once you are in default, it is up to the lender when to repossess their property.You can be in default one month and they can repo your car, not likely but can happen. The best thing you can do is not ignore even if you plan on paying. They will work with you if you work with them.
Most of the time you r car gets repossessed after 2-3 months in default. Tag: How far can you be behind on car note payments before they repo?