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You are here: Home Categories Autos & Transportation Legal Issues What happens if you stop paing on a financed car and it is never reposesed?

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Question

Submitted 230 days ago...

malik24

New User (1)

What happens if you stop paing on a financed car and it is never reposesed?

I stoped paying on my financed car and i have been hiding for 5 months

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Answer 1 / 2 - Submitted 230 days ago...

Muddyford

Contributor (116)

It will iventually be found and repoed and then you can face criminal charges much less your credit history which has already been affected from doing this. This is no different from theft since your not the owner of the vehicle, the bank is and you have there property.

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Answer 2 / 2 - Submitted 154 days ago...

Neptune

Authority (195)

If the car is upside down meaning that it's worth a lot less than what you owe then they may not bother to try and repo it. But your credit will be ruined.

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