Do I still have to pay my car loan if the police impound the vehicle?
"My vehicle was impounded as part of an investigation. I'm not sure how long they'll keep it or whether I can retrieve it at some point.
Do I still have to pay my car loan?"
Answer provided by
Answered on Jun 16, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Yes, you still have to pay your car loan. However, you should go down to the police station immediately to see when and if you can get your car back.
As long as your car isn’t evidence or used in a felony, you should be able to get your car back after you pay the impound fees.
Just remember that impound fees accrue daily. The sooner you get your impounded car back, the less money you’ll pay.”
Did this answer help you?
Ask us a question by email and we will respond within a few days.
Have a different question?
You can meet us at our office and discuss the details of your question.
Browse by topics
What others are asking
What is an auto credit reference number on a car loan application?
I'm filling out a car loan application, and I came across a section under references that says "auto credit reference number." It's listed next to whether or not I'm trading in my car. What does this mean?
Apr 27, 2021
What are the most frequently bought cars in the U.S.?
I’m curious about which makes and models are favored by buyers.
Apr 08, 2021
Why is my homeowners policy being canceled even though it passed a home inspection?
How can my homeowner's insurance cancel my policy for an outdated electrical box even though it passed a home inspection? When I bought my home, I made sure an independent inspection was completed before the closing. A few days ago, my insurance company sent a letter stating the electrical box needs to be replaced within 30 days or they will cancel the policy! If there was an issue with the box, the inspector would have told me. Can insurance do this?
Jul 27, 2021