How long until your car is repossessed?
"I don't have any money for my car loan. I stopped paying last month, and I know a repossession is looming. However, I want to use the car to find a new job until it gets repossessed.
How much time do I have?"
Find out if you’re getting ripped off on your car insurance in less than two minutes.
No spam · No long forms · No fees
Answer provided by
Eric Schad
Answered on Jul 11, 2022
“That’s unfortunate that you can’t make your car loan payments anymore, but at least you’re trying to do something fruitful while you still have the vehicle.
In general, you have between 30 and 90 days before the repossession process starts. After this time, repo men will start trying to find your vehicle.
The honest thing to do is to tell the lender of your ordeal to see if they’re willing to work with you. If they aren’t, remember that a forced repo and a voluntary repo do the same damage to your credit. You can certainly use the car to go job-hunting, but don’t wait so long that you get into legal trouble on top of financial trouble.”
Here to save on car and home insurance? Great, you do that. We’ll do everything else.
Sign up in under a minute.
No need to fill out forms or shop around. Sign up in 45 seconds to start saving. Jerry does the rest.
Jerry collects and analyzes your current coverage.
Say hello to Jerry, your new insurance agent. We’ll contact your insurance company, review your current plan, then find the coverage that fits your needs and saves you money.
Get the best options before your renewal.
Jerry does all the picky, busy work by comparing prices and coverage from more than 50+ insurance companies. We compare what we find to your current policy and offer you the three best options before every renewal.
Related Questions and Articles
Browse More Content
What others are asking
Read advice from car experts at Jerry
Browse by topics
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
