Can they repossess my car if I am 21 days late on my payments?

I am 21 days late on my car payment and I’m wondering if I’m at risk of the car being repossessed or do I have more time to pay? I’m in a little bit of a tough spot financially at the moment.

I’m sorry to hear that you’re having financial troubles. On the bright side, many lenders won’t repossess a vehicle until the payments are between 60 and 90 days late. However, this rule can vary from lender to lender so the best thing to do is get in contact with your lender and ask about their repossession policy.
If you are experiencing financial hardship, let your lender know and be candid with them about your situation. There may be a few options available to you that can keep the threat of repossession at bay. You may want to ask about:
  • changing your due date
  • changing your payment schedule to fit your financial needs
  • deferring your car loan
If you’re looking for a way to cut costs and save money on your car expenses, the Jerry app might be just what you need.
Jerry is a personal car insurance broker that lives in your pocket. Once you download Jerry, just answer a handful of questions that will take you roughly 45 seconds to complete and you’ll immediately get car insurance quotes for coverage similar to your current plan. Jerry customers save an average of $879 a year.
Chloe Jenkins
Answered on Jan 11, 2022
Chloe has a BA in Communication and Media Arts from Montclair State University and more than four years of experience in content writing, editing, and research. Before getting behind the keyboard at Jerry, Chloe was an Assistant Coordinator at her university and a film enthusiast working for the Montclair Film Festival. When she's not writing about car insurance, she spends her time with her pets, playing video games, or enjoying long weekend hikes.

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